Akme Fintrade to hold 30th AGM on Aug 4, 2026; approves borrowing limit of ₹1,200 crore
Akme Fintrade will hold its 30th AGM on August 4, 2026, to approve financial statements, director appointments, and auditor changes. Key approvals include increasing borrowing limits to ₹1,200 crore and authorizing charges on assets. The AGM will also regularize Mr. Kamlesh Jain's appointment and approve remuneration for Mr. Rajendra Chittora.
The approval of increased borrowing limits and charges on assets has a medium-term financial impact on the company's leverage and operational capacity. The regularization of director appointments and remuneration are standard governance actions.
The announcement is a routine corporate communication regarding an upcoming AGM and associated resolutions, including financial and governance matters. It does not contain significant positive or negative financial performance indicators or strategic shifts.
Akme Fintrade (India) Limited (AFIL) has announced that its 30th Annual General Meeting (AGM) will be held on Tuesday, August 04, 2026, at 12:30 P.M. IST via Video Conference (VC)/Other Audio-Visual Means (OAVM).
The company will submit its Annual Report for the Financial Year 2025-26, which ended on March 31, 2026, along with the AGM notice to its members. The Annual Report and AGM notice are also available on the company's website.
Members will have the facility to vote electronically through e-voting services provided by Central Depository Services (India) Limited. The 'Cut-off date' for determining entitlement to vote is July 28, 2026. Remote e-voting will be open from August 01, 2026 (10:00 A.M.) to August 03, 2026 (5:00 P.M.).
The AGM agenda includes receiving and adopting the standalone financial statements for FY 2025-26, re-appointing Mr. Jinit Sureshkumar Jain as a Director, and appointing M/s Shyam S. Gupta & Associates as Statutory Auditors for a three-year term. Additionally, the company seeks approval to increase its overall borrowing limits to ₹1,200 crore and to create charges on its assets up to the same amount to secure these borrowings.
Further, the AGM will seek approval for the regularization of Mr. Kamlesh Jain's appointment as an Executive Director for five years from May 06, 2026, with remuneration up to ₹18,00,000 per annum for three years. It also includes approving the waiver of recovery of excess remuneration of ₹12,09,000 paid to Mr. Rajendra Chittora for FY 2025-26. The members will also vote on increasing the authorized share capital from ₹50 crore to ₹60 crore, approving remuneration for Mr. Rajendra Chittora as Executive Director up to ₹18,00,000 per annum for three years, and approving material related party transactions with Akme Build Estate Limited, not exceeding ₹15 crore each for property purchase and security deposit, for FY 2026-27.
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Akme Fintrade (India) Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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.