Akme Fintrade (India) Limited (AFIL) announced today, January 19, 2026, that its Board of Directors has approved the allotment of 30,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each. The total aggregate value of this private placement issuance is ₹30,00,00,000 (₹30 Crore).

The NCDs carry a coupon rate of 11.50% and will mature within 36 months from the date of allotment, with the principal repayment due on January 19, 2029. Interest payments will be made on a monthly basis, with the principal to be repaid at maturity.

The company will maintain a security cover of at least 1.10x over its loan receivables. In case of any payment default or breach of covenants, an additional interest of 2% per annum will be applicable. The Board also approved the draft notice for a postal ballot and appointed M/s. Ronak Jhuthawat & Co. as the scrutinizer for the same. The Board meeting commenced at 11:00 AM and concluded at 11:20 AM IST.