Investment21 Feb 2026, 03:05 pm
Akme Fintrade (India) Ltd Approves Preferential Issue of Convertible Warrants Worth Rs. 85,75,00,000
AI Summary
Akme Fintrade (India) Ltd announced that its Board of Directors has approved the issuance of up to 12,25,00,000 warrants, each convertible into one equity share, by way of preferential issue. The warrants, priced at Rs. 7/- each, will be issued to various investors, including promoters and non-promoters, and will aggregate to Rs. 85,75,00,000. The decision was made at the Board Meeting held on February 21, 2026. The company will hold an extra-ordinary general meeting of the members on March 20, 2026, through video conferencing and/or other audio-visual means for seeking member’s consent. M/s. Ronak Jhuthawat & Co., Practicing Company Secretaries, have been appointed as the scrutinizer for the Extra Ordinary General Meeting.
Key Highlights
- Akme Fintrade (India) Ltd to issue up to 12,25,00,000 warrants convertible into equity shares
- The warrants will be issued at a price of Rs. 7/- each, aggregating to Rs. 85,75,00,000
- The decision was made at the Board Meeting held on February 21, 2026
- The company will hold an extra-ordinary general meeting of the members on March 20, 2026
- M/s. Ronak Jhuthawat & Co., Practicing Company Secretaries, appointed as the scrutinizer for the Extra Ordinary General Meeting