Akme Fintrade (India) Limited (AFIL) announced the outcome of its Board Meeting held on January 19, 2026. The Board approved the allotment of 30,000 Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹30,00,00,000 (₹30 Crore), on a private placement basis.

The NCDs carry an interest rate of 11.50%, payable monthly, with principal repayment due at maturity. The tenure of the instrument is up to 36 months from the Deemed Date of Allotment, with the allotment date being January 19, 2026, and the maturity date set for January 19, 2029. The company will maintain a security cover of at least 1.10x over loan receivables. In case of payment default or breach of covenants, an additional interest of 2% per annum will be applicable.

Furthermore, the Board approved the Draft Notice of Postal Ballot, including the proposed resolution(s) and an explanatory statement. M/s. Ronak Jhuthawat & Co., Practicing Company Secretaries, has been appointed as the scrutinizer for the Postal Ballot process. The Board meeting commenced at 11:00 Hours and concluded at 11:20 Hours IST.