Akme Fintrade Board Approves Issuance of Secured NCDs up to ₹60 Crores
Akme Fintrade's board approved issuing up to ₹60 Crores in Secured, Listed, Rated, Redeemable Non-Convertible Debentures via private placement, with a 12.00% monthly coupon.
The issuance of ₹60 Crores in NCDs is a significant fundraising event that will impact the company's capital structure and liquidity, supporting its financial operations and potential growth initiatives.
The approval for fundraising through NCDs indicates the company's ability to secure capital, which can be used for business growth or operational needs, generally a positive sign for financial stability and expansion.
* The Board of Directors of Akme Fintrade (India) Limited (AFIL) held a meeting on Thursday, October 09, 2025. * During the meeting, the Board considered and approved the issuance of Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs). * The NCDs will be issued for an amount up to ₹60 Crores (Indian Rupees Sixty Crores Only) on a private placement basis in one or more tranches. * These NCDs are proposed to be listed on the National Stock Exchange of India Limited. * The tenure of the instrument will be up to 30 months from the Deemed Date of Allotment. * The NCDs will offer a coupon/interest rate of 12.00% per annum, with monthly interest payments. * Principal repayment is scheduled as 50% at the end of 24 months and the remaining 50% at the end of 30 months. * Security for the debentures will be maintained at 1.25 times (125%) of the aggregate principal outstanding, backed by LAP/Equipment Loans/Business Loans receivables.
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Akme Fintrade (India) Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Akme Fintrade (India) Limited. Read the original for the full detail.