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Akme Fintrade (India) informs about outcome of board meeting

20 Apr 2026 Evaluate
Akme Fintrade (India) has informed that the Board of Directors of Akme Fintrade (India) at their meeting held today, Monday, 20 April, 2026 at the Registered Office of the Company, inter-alia considered and approved the following agenda: The Board has, allotted 50,000 (Fifty Thousand) Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (“Debentures”) of INR 10,000 (Indian Rupees Ten Thousand) each aggregating to INR 50,00,00,000 (Indian Rupees Fifty Crores) on private placement basis. Details as required under regulation 30 and 51 read with Para A of Part A of Schedule III of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are enclosed as ‘Annexure-A’; The Board considered and analysed the request letters dated April 08, 2026, received from Star Housing Finance, belonging to Promoter group (as enlisted in the intimation submitted by the Company to the stock exchanges on April 09, 2026, in this regard), seeking re-classification from ‘Promoter and Promoter Group’ category to ‘Public’ category, under Regulation 31A of the Listing Regulations. The Board considered the same and was of the view that the Outgoing Promoters met the conditions specified in Regulation 31A of the Listing Regulations and, subject to receipt of No Objection from Stock Exchange. The list of Outgoing Promoters are enclosed as ‘Annexure-B’.

The above information is a part of company’s filings submitted to BSE.

Akme Fintrade Share Price

9.62 -0.07 (-0.72%)
20-Apr-2026 16:59 View Price Chart
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