Corporate Action29 Jun 2026, 06:10 pm
Akme Fintrade Allots 1.3 Cr Shares on Warrant Conversion
AI Summary
Akme Fintrade (India) Ltd announced the allotment of 13,000,000 equity shares following the conversion of warrants. This includes 3,000,000 shares issued at ₹11.10 each to Pushpa Jugraj Jain and 10,000,000 shares issued at ₹7 each to Stellant Securities (India) Limited. The company also approved the resignation of Ms. Latika Jain as Internal Auditor and the appointment of Ms. Ankita Jain as the new Internal Auditor. Furthermore, Shyam S. Gupta & Associates have been recommended as the new Statutory Auditors for a three-year term. The Board also approved an increase in authorized share capital from ₹50 crore to ₹60 crore, subject to shareholder approval.
Key Highlights
- Allotment of 13 million equity shares from warrant conversion.
- New internal auditor appointed; existing auditor resigned.
- Statutory auditors recommended for a three-year term.
- Authorized share capital increased by ₹10 crore.
- Board meeting held on June 29, 2026.
Price Impact
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