StockWatch
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Non Banking Financial Company (NBFC)
Auditor29 Jun 2026, 06:20 pm

Akme Fintrade Board Approves Auditor Appointment, Equity Allotment

AI Summary

Akme Fintrade (India) Limited's Board of Directors, in a meeting on June 29, 2026, approved several key decisions. These include the allotment of 30,00,000 equity shares at ₹11.10 each and 1,00,00,000 equity shares at ₹7 each, both upon warrant conversion. The board also accepted the resignation of Ms. Latika Jain as Internal Auditor and appointed Ms. Ankita Jain as her replacement. Furthermore, Shyam S. Gupta & Associates have been recommended as the new Statutory Auditors for a three-year term, succeeding Valawat & Associates. The board also approved an increase in authorized share capital from ₹50 crore to ₹60 crore, subject to shareholder approval.

Key Highlights

  • Board approved allotment of 30 lakh equity shares at ₹11.10 each.
  • Board approved allotment of 1 crore equity shares at ₹7 each.
  • Recommended Shyam S. Gupta & Associates as new Statutory Auditors.
  • Approved increase in authorized share capital to ₹60 crore.
  • Appointed Ms. Ankita Jain as Internal Auditor.