
Akme Fintrade Increases Authorized Share Capital by ₹10 Cr
Akme Fintrade (India) Limited's Board of Directors, in a meeting held on June 29, 2026, approved several key decisions. These include the allotment of 30,00,000 equity shares to Pushpa Jugraj Jain and 1,00,00,000 equity shares to Stellant Securities (India) Limited upon warrant conversion. 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. A significant decision was the approval to increase the authorized share capital from ₹50 crore to ₹60 crore, pending shareholder approval at the upcoming AGM.
Key Highlights
- Authorized share capital increased by ₹10 crore to ₹60 crore.
- Equity shares allotted upon warrant conversion to two entities.
- New internal auditor appointed; resignation of previous auditor noted.
- Recommendation for new statutory auditors for a three-year term.
- Decisions subject to shareholder approval at the upcoming AGM.
Price Impact
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