Akme Fintrade (India) Limited has announced key decisions following a meeting of its Board of Directors held on December 13, 2025. The meeting resulted in approvals related to fund mobilisation through debt instruments and changes in the company’s board composition, in line with regulatory disclosure requirements.
Board Meeting Highlights
The board meeting was convened on December 13, 2025, and addressed matters related to capital raising and senior management appointments. The outcomes of the meeting were disclosed to the National Stock Exchange of India Limited and BSE Limited in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Approval of Non-Convertible Debenture Issue
The board approved the issuance of senior, secured, listed, rated, transferable, and redeemable non-convertible debentures (NCDs) aggregating up to ₹200 crore on a private placement basis. The proposed NCDs may be issued in one or more tranches to eligible investors and are proposed to be listed on the National Stock Exchange of India Limited.
The Loan Investment Committee has been authorised to finalise the size, timing, and detailed terms and conditions of the debenture issue. The company will maintain a minimum security cover of 1.10 times throughout the tenure of the debentures, secured against eligible loan receivables in accordance with the approved framework.
Security Structure and Penalty Framework
The NCDs will be backed by defined security arrangements and include penalty provisions in the event of defaults or breaches. In cases of payment default or events of default, an additional interest of 2.00 percent per annum above the applicable rate will be levied. Similar penalty rates apply to breaches of covenants, delays in security creation, or delays in execution of the debenture trust deed.
For covenant-related breaches, penalties are required to be paid within 30 calendar days from the date of breach. If the breach remains unresolved, the penalty becomes payable at the end of each subsequent 30-day period until the issue is rectified.
Appointment of Additional Director
The board has also approved the appointment of Mr. Jinit Jain as an Additional Director in an executive capacity, effective December 13, 2025. The appointment was made based on the recommendation of the Nomination and Remuneration Committee.
Mr. Jain holds a postgraduate degree in marketing and brings experience across customer service, operational management, financial oversight, audit processes, and cost optimisation. His appointment has been disclosed as part of the company’s regulatory filings.
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