Akme Fintrade (India) Limited has announced the approval of its Loan & Investment Committee for the issuance of Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) worth up to ₹30 Crores.

The issuance will be conducted on a private placement basis, with the NCDs to be listed on the National Stock Exchange of India Limited. The specific details regarding the tenure, coupon/interest rates, and redemption schedule will be as specified in the key information document.

The company will maintain a security cover of at least 1.10x over loan receivables throughout the tenure of the debentures. In case of payment defaults or breaches of covenants, an additional interest of 2% per annum will be applicable. Penalties are also stipulated for delays in security creation and execution of the Debenture Trust Deed.