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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Akme Fintrade (India) Ltd

Akme Fintrade Approves INR 50 Crore NCD Issue for Funding

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 10 Oct 2026, 11:52 AM IST  ·  BSE ID: 2dd138f7-24db-4448-81ce-8636773cc159
View Original BSE Filing (PDF)
💡
In Simple Terms
The company will borrow up to INR 50 Crore by issuing secured debt instruments to investors.
🤖 AI Summary
  • Akme Fintrade approved NCD issuance of up to INR 50 Crores via private placement.
  • Debentures are Secured, Listed, Rated, Transferable, and Redeemable.
  • Funds will be raised in one or more tranches over a tenure up to 24 months.
  • The Loan & Investment Committee can determine terms for up to INR 300 crore.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total NCD Issuance Approved
Up to INR 50 Crores
Series A1 Issuance Size
Up to INR 25 Crores
Additional Authority for Loan & Investment Committee
Up to INR 300 crore
Tenure of Instrument
Up to 24 months
Minimum Security Cover
1.10x
Additional Interest on Default
2% per annum
🏢 How This Affects the Company
📈
Business Impact
This fundraise provides Akme Fintrade with additional capital to support its business operations and growth initiatives.
💰
Financial Impact
The issuance increases the company's debt obligations. Secured NCDs are backed by company assets, with a minimum security cover of 1.10x over loan receivables.
⚠️
Risk Impact
Increased leverage amplifies financial risk, particularly in case of payment defaults where an additional 2% per annum interest applies.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. Shareholders are holders of equity, not debt instruments.
👤
Who Is Affected
This debt issuance primarily affects debenture holders and the company's creditors. Equity shareholders' impact is indirect via company performance.
🔍
Management Signal
The management is proactively seeking diversified funding sources to support business expansion and operational needs.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Tranche-wise NCD allotment details and interest rates.
Utilization of funds raised from NCD issuance.
Future board meeting outcomes for the INR 300 crore authority.
MEDIUM RISK Increased debt levels and potential for payment default risks are present.
💡 Investor Takeaway
Akme Fintrade is raising up to INR 50 Crores via secured, listed NCDs. The company will maintain a minimum 1.10x security cover on loan receivables.
⚖️ Strengths & Concerns

✅ Positives

  • Secured and listed NCDs offer investor confidence and potential for broad market access.
  • Minimum security cover of 1.10x over loan receivables ensures asset backing for the debt.

⚠️ Concerns

  • Potential for increased financial risk due to additional debt servicing obligations.
  • An additional 2% interest rate applies to outstanding principal in case of payment defaults.
📅 Company Track Record
Previously, Akme Fintrade raised INR 25 Crore via secured NCDs in July 2026 at 11.50% interest and also allotted equity shares on warrant conversion.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total amount Akme Fintrade approved for Non-Convertible Debenture (NCD) issuance?
Akme Fintrade's Board approved the issuance of Secured, Listed NCDs up to INR 50 Crores.
What is the tenure for the NCDs being issued by Akme Fintrade?
The tenure of the NCDs is up to 24 months from the Deemed Date of Allotment.
What security is backing the NCDs issued by Akme Fintrade?
The NCDs are secured, and the company will maintain a security cover of at least 1.10x over its loan receivables.
What happens if Akme Fintrade defaults on NCD interest or principal payments?
In case of payment default, Akme Fintrade agrees to pay an additional interest rate of 2% per annum above the applicable rate.
Can the company issue NCDs beyond INR 50 Crores?
Yes, the Loan & Investment Committee is authorized to determine and approve terms for NCDs up to INR 300 crore.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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