Akme Fintrade Allots ₹25 Cr Non-Convertible Debentures

Akme Fintrade (India) Limited announced the allotment of 25,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) worth ₹25 Crores. The NCDs have a face value of ₹10,000 each and mature within 24 months from the allotment date of July 14, 2026. The issuance was made on a private placement basis with an annual coupon rate of 11.50%, payable monthly, and principal payable on maturity. The company will maintain a security cover of at least 1.10x over loan receivables. Penalties, including additional interest of 2% per annum, apply for payment defaults or breaches of covenants.