Akme Fintrade (India) Ltd

Akme Fintrade (India) Limited has announced the sanction of a Term Loan amounting to ₹10,00,00,000 (Rupees Ten Crores only) from City Union Bank Limited. This financial infusion is expected to support the company's growth and operational activities. The details of this loan sanction have been communicated to the stock exchange and are also available on the company's official website.

Akme Fintrade (India) Ltd announced the closure of its trading window for designated persons and their immediate relatives. The closure is effective from Thursday, October 1, 2026, and will remain in effect until 48 hours after the dissemination of the unaudited financial results for the quarter and half year ended September 30, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming financial results announcement. The date of the Board Meeting to consider these results will be communicated later.

Akme Fintrade (India) Limited announced the allotment of 50,000 Non-Convertible Debentures (NCDs) worth ₹50 Crores in a Board meeting held on September 10, 2026. These are secured, listed, rated, and redeemable NCDs issued on a private placement basis. The Series A1 and A2 debentures have a tenure of up to 24 months with a coupon rate of 11.40% payable monthly, and the principal due on maturity. The company will maintain a security cover of at least 1.10x over loan receivables. Penal interest provisions are in place for payment defaults or covenant breaches.

Akme Fintrade (India) Limited announced the allotment of 50,000 Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) worth ₹50 Crores. The allotment, made on a private placement basis, comprises Series A1 and Series A2. The NCDs carry an interest rate of 11.40% payable monthly, with the principal due on maturity in September 2028. The company will maintain a security cover of at least 1.10x over loan receivables. Penalties, including additional interest of 2% per annum, apply in case of payment defaults or breaches of covenants.

Akme Fintrade (India) Limited announced the approval for the issuance of Non-Convertible Debentures (NCDs) worth up to INR 50 Crores. The issuance, comprising Series A1 and Series A2, will be done on a private placement basis. The NCDs are listed, rated, senior, secured, transferable, and redeemable. The company has outlined terms for payment defaults, breach of covenants, and delays in security creation, including additional interest rates. This move aims to raise capital through debt financing.

Akme Fintrade (India) Limited has announced the sanction of a Term Loan amounting to ₹15,00,00,000 (Rupees Fifteen Crores) from Tourism Finance Corporation of India Limited. This financial infusion is expected to support the company's operations and growth initiatives. The details of this loan sanction have been communicated to the stock exchange and are also available on the company's official website.

Akme Fintrade (India) Ltd has announced the forfeiture and lapse of 20,00,000 convertible warrants. These warrants were issued under SEBI (Issue of Capital and Disclosure Requirements) Regulations. The company had previously approved the allotment of these warrants to non-promoters at an issue price of ₹111 each, aggregating to ₹22,20,00,000. As the warrant holders failed to pay the remaining 75% of the issue price within the stipulated 18-month period, which ended on July 29, 2026, the warrants have lapsed. Consequently, the upfront subscription amount of 25%, totaling ₹5,55,00,000, has been forfeited. This lapse will not impact the company's paid-up share capital. The matter will be presented to the Board of Directors for a formal resolution.

Akme Fintrade (India) Limited has announced the sanction of a Term Loan amounting to ₹20,00,00,000 (Rupees Twenty Crores) from the Small Industries Development Bank of India (SIDBI). This financial infusion is expected to support the company's growth and operational capabilities. The details of this loan sanction are now on record and also available on the company's official website.

Akme Fintrade (India) Limited has announced a strategic partnership with Shriram General Insurance Company Limited to offer general insurance products. This collaboration aims to expand Akme Fintrade's product portfolio beyond lending services, providing customers with a comprehensive range of insurance solutions through its existing branch network. The partnership is expected to enhance customer convenience, improve insurance accessibility, and promote financial inclusion, particularly in semi-urban and rural markets. The company stated this is in the ordinary course of business and not a material event requiring further disclosure.

Akme Fintrade (India) Limited (AFIL) announced a strong Q1 FY27 performance, with Assets Under Management (AUM) reaching ₹965.07 crore, a 42.96% year-on-year increase. The company reported significant YoY growth across key financial metrics, including a 34.17% rise in Interest Income to ₹41.07 crore and a 20.40% increase in Profit After Tax (PAT) to ₹11.57 crore. Disbursements grew by 19.46% YoY to ₹84.10 crore. AFIL also maintained a robust Capital Adequacy Ratio (CAR) of 46.37%. The company launched 'Akme GreenX' to support green financing initiatives and aims for continued growth by leveraging technology and strengthening its balance sheet.