StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting29 Jul 2026, 08:00 pm

Akme Fintrade Approves Q1 FY27 Unaudited Results, COO Appointment

AI Summary

Akme Fintrade (India) Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026, approved by the Board of Directors based on the Audit Committee's recommendation. The company also disclosed the utilization of issue proceeds for non-convertible securities and preferential issue of warrants, confirming no deviation. Additionally, the Board approved the appointment of Mr. Dipesh Jain as Chief Operating Officer and noted the company's transition from NBFC-BL to NBFC-ML under RBI's SBR framework. The results will be published in newspapers as per regulations.

Key Highlights

  • Unaudited financial results for Q1 FY27 approved.
  • No deviation reported in utilization of issue proceeds.
  • Mr. Dipesh Jain appointed as Chief Operating Officer.
  • Company transitions to NBFC-ML from NBFC-BL.
  • Equity shares allotted upon warrant conversion.