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AFIL Board Meeting Outcome: NCD Issuance up to ₹200 Crores Approved
Akme Fintrade (India) Limited's board approved the issuance of Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures up to ₹200 Crores on a private placement basis. The Loan & Investment Committee is authorized to determine the specifics of the NCD issue. Mr. Jinit Jain was appointed as an Additional Director. The company will maintain a security cover of at least 1.10x during the tenure of the debentures.
Key Highlights
NCD issuance up to ₹200 Crores
Security cover of at least 1.10x on loan receivables
Additional interest rate of 2% per annum in case of payment default
Mr. Jinit Jain appointed as Additional Director effective December 13, 2025
💼 Action for Investors
Investors should monitor the terms and conditions of the NCD issuance as determined by the Loan & Investment Committee. Keep an eye on the company's ability to maintain the minimum security cover of 1.10x.
AFIL: MAS Financial Services Sanctions ₹5 Crore Term Loan
Akme Fintrade (India) Limited (AFIL) has received a term loan sanction of ₹5,00,00,000 (Rupees Five Crores) from MAS Financial Services Limited. This infusion of funds will likely support AFIL's lending operations and expansion plans. The announcement was made on December 12, 2025, and disclosed to the National Stock Exchange of India Limited and BSE Limited. Investors should monitor how AFIL utilizes these funds to grow its business and improve profitability.
Key Highlights
Term Loan of ₹5,00,00,000 sanctioned by MAS Financial Services Limited
Loan recipient: Akme Fintrade (India) Limited
Announcement Date: December 12, 2025
💼 Action for Investors
Investors should monitor AFIL's financial performance and growth trajectory following this loan acquisition. Review the company's upcoming financial reports to assess the impact of this funding on its operations.