Akme Fintrade (I)

Akme Fintrade (India) received a Rs 50 crore term loan sanction from Indian Overseas Bank on 26 October 2026. No coupon, tenure, security or disbursement timetable was given. The sanction followed a Rs 15 crore term loan sanction from Tourism Finance Corporation in August and Rs 50 crore secured NCD allotments in September and in October. Gross loans stood at Rs 778.21 crore at the end of FY26, entirely secured by tangible assets, with net loans of Rs 758.43 crore. Assets under management were Rs 918.61 crore at FY26-end, while net worth was Rs 459.03 crore in the June quarter.

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Akme Fintrade (India) allotted 50,000 secured, listed and rated non-convertible debentures aggregating to ₹50 crore on 19 October 2026. The issue comprised 25,000 debentures of ₹10,000 each in Series A1 at an 11.40% coupon for 24 months to October 2028 and 25,000 debentures in Series A2 at 11.60% for 30 months to April 2029, with a 1.10 times cover over eligible loan receivables and monthly interest payments. It was the second ₹50 crore Series A1/A2 allotment in just over a month, following an identical allotment on 10 September at the same coupons and tenors after a board approval on 10 October for a fresh up-to-₹50 crore issue. The company's gross loan book stood at ₹778 crore at the end of FY26, entirely secured by tangible assets, with assets under management of about ₹919 crore. Total income was about ₹149 crore in FY26, with net profit of ₹42.32 crore.

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Akme Fintrade (India)'s board approved the issuance of up to Rs50 crore of secured, listed, rated non-convertible debentures in Series A1 and Series A2 on a private placement basis. Series A1 comprised up to Rs25 crore with tenure of up to 24 months and Series A2 comprised up to Rs25 crore with tenure of up to 30 months, both proposed to be listed on the National Stock Exchange with security cover of at least 1.10 times over eligible loan receivables. The board also authorised its Loan and Investment Committee to finalise quantum, timing and terms for NCD issuances up to Rs300 crore. The company had allotted Rs50 crore of Series A1 and A2 secured listed debentures in September, split as Rs25 crore at 11.40% for 24 months and Rs25 crore at 11.60% for 30 months. It had also allotted Rs25 crore of 11.50% secured listed debentures in July. Gross loans stood at Rs778 crore with total income of about Rs149 crore in FY26.

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Akme Fintrade (India) said its board would meet on 10 October 2026 to consider issuing up to Rs350 crore of senior, secured, rated, listed and transferable non-convertible debentures on a private placement basis in one or more tranches. The company said its trading window would remain closed until 48 hours after declaration of results for the quarter and half year ended 30 September 2026. Its gross loan book stood at Rs778 crore and assets under management at about Rs919 crore at the end of March 2026, with the book entirely secured by tangible assets. Recent debenture allotments were Rs50 crore in September 2026 across two series and Rs25 crore in July 2026.

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Akme Fintrade allotted 50,000 secured, listed and rated non-convertible debentures worth ₹50 crore in two private-placement series. Series A1 comprised ₹25 crore at 11.40% maturing on 10 September 2028, while Series A2 comprised ₹25 crore at 11.60% maturing on 10 March 2029. Interest will be paid monthly, with at least 1.10 times security cover over eligible loan receivables. The company had approved the ₹50 crore Series A1/A2 programme in August, after allotting ₹25 crore of listed NCDs in July.

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Akme Fintrade approved the issuance of up to ₹50 crore of listed, rated, senior, secured and redeemable non-convertible debentures through private placement, split equally between Series A1 and Series A2. The proposed debentures would be listed on the National Stock Exchange and carry a minimum security cover of 1.10 times over eligible loan receivables. The company had ₹171.40 crore of NCDs outstanding at the end of FY26 and allotted a ₹25 crore listed NCD in July. Its FY26 gross loan book was ₹778.21 crore, while net loans stood at ₹758.43 crore.

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Tourism Finance Corporation of India sanctioned a ₹15 crore term loan to Akme Fintrade (India) Ltd., a non-bank lender focused on secured retail and small-business finance. The loan's interest rate, maturity and stated use were not provided. Akme Fintrade's gross loan book stood at ₹778.21 crore at the end of FY26, with net loans of ₹758.43 crore. The company had ₹171.40 crore of NCDs outstanding at the same date.

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Akme Fintrade's 20 lakh convertible warrants, allotted to non-promoter holders in January 2025 at ₹111 each, lapsed after the remaining 75% consideration was not paid by July 29, 2026. The company forfeited ₹5.55 crore of upfront subscription money, while holders lost their conversion rights and paid-up share capital remained unchanged.

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July 3 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA - TO ISSUE NCDS UP TO 250 MILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE81PGZz

Further company coverage: AKMF.NS

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Akme Fintrade (India) Ltd. said its board on June 29 approved an increase in borrowing limits to Rs 1,200 crore, compared with a market capitalisation of around Rs 443 crore. The proposal, which requires shareholder approval at the forthcoming annual meeting, would give the nano-cap non-bank lender room to expand its loan book significantly. The board also approved the conversion of 1 crore warrants held by Stellant Securities into equity shares at Rs 7 apiece, bringing in Rs 5.25 crore, and the conversion of 3 lakh older warrants into 30 lakh shares at Rs 11.10 each. Authorised share capital was raised to Rs 60 crore from Rs 50 crore, and the board recommended the appointment of Shyam S. Gupta & Associates as statutory auditors.

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Jan 9 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA LTD - TO ISSUE NCDS UP TO 300 MILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: [ID:]

Further company coverage: AKMF.NS

(([email protected];))

Dec 16 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA LTD - HINDUJA LEYLAND FINANCE SANCTIONS 120 MILLION RUPEES LOAN TO AKME FINTRADE

Source text: ID:nBSEc9QY8N

Further company coverage: AKMF.NS

(([email protected];))

Oct 3 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA LTD - TO CONSIDER NCD ISSUE UP TO 350 MILLION RUPEES

Source text: ID:nBSE8600Hg

Further company coverage: AKMF.NS

([email protected])

Sept 29 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• MAS FINANCIAL SERVICES SANCTIONS 100 MILLION RUPEES LOAN TO AKME FINTRADE

Source text: ID:nNSEc3LW9H

Further company coverage: AKMF.NS

(([email protected];))

March 19 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA LTD - SHRIRAM FINANCE SANCTIONS 100 MILLION RUPEES LOAN

Source text: ID:nNSEb3YHtZ

Further company coverage: AKMF.NS

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Jan 23 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• APPROVES TO RAISE FUNDS UP TO 500 MILLION RUPEES VIA NON-CONVERTIBLE DEBENTURES

Source text: [ID:]

Further company coverage: AKMF.NS

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Dec 10 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA - TO RAISE FUNDS AGGREGATING UP TO 449.6 MILLION RUPEES

• AKME FINTRADE INDIA- FUND RAISE VIA PREFERENTIAL ISSUE OF WARRANTS AT 111 RUPEES EACH

Source text: ID:nBSE65QMDn

Further company coverage: AKMF.NS

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Dec 9 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• MAANAVEEYA DEVELOPMENT & FINANCE SANCTIONED TERM LOAN OF 250 MILLION RUPEES TO CO

Source text: ID:nNSE1HQ2Yf

Further company coverage: AKMF.NS

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Dec 5 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• AKME FINTRADE INDIA LTD - TO CONSIDER ISSUANCE OF WARRANTS

Source text: ID:nBSE7G3MZm

Further company coverage: AKMF.NS

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July 11 (Reuters) - Akme Fintrade India Ltd AKMF.NS:

• CEO BOBBY SINGH CHANDEL RESIGNS

• APPOINTS CA AKASH JAIN AS CEO

Further company coverage: AKMF.NS

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** Shares of Stanley Lifestyles STAY.NS rise 31.6% in market debut to 485.55 rupees

** The luxury furniture co opened at 494.95 rupees, a 34% premium to IPO price of 369 rupees

** Co raised 2 bln rupees ($24 mln) in IPO via fresh issue of shares and 18.3 bln rupees from offer for sale of shares - prospectus

** STAY's IPO was subscribed 97x, per exchange data

** Co to utilise IPO proceeds for investment to open new stores and to purchase new machinery and equipment

** This week, DEE Development Engineers DEEV.NS, Akme Fintrade AKMF.NS surged 66% and 11% in debut trade, respectively

($1 = 83.4600 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of non-bank lender Akme Fintrade (India) AKMF.NS rise 11% in market debut to 133.35 rupees

** AKMF opened at 127 rupees, a 5.8% premium to IPO price of 120 rupees

** AKMF's 1.32 bln rupee ($15.8 mln) IPO, which consisted solely of fresh issue of shares, was subscribed 55 times, according to exchange data

** Co to use IPO proceeds to boost capital base as it expands its business

** Engineering firm DEE Development Engineers DEEV.NS, which also debuted on Wednesday, climbed 66% to 338 rupees

($1 = 83.6000 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))