Akme Fintrade Allots ₹50 Cr in NCDs

Akme Fintrade (India) Limited announced the outcome of its Board Meeting held on October 19, 2026. The Board approved the allotment of 50,000 Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each, aggregating to INR 50,00,00,000 (INR 50 Crore). These NCDs were issued on a private placement basis in Series A1 and Series A2. The Series A1 issuance alone totals INR 25,00,00,000 (INR 25 Crore) with a tenure of up to 24 months and an interest rate of 11.40% per annum, payable monthly, with principal due on maturity. The NCDs are proposed to be listed on NSE.