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Akme Fintrade to Raise โ‚น85.75 Crore via Preferential Issue of Warrants at โ‚น7
Akme Fintrade (India) Limited has issued a corrigendum for its EGM scheduled for March 20, 2026, detailing a preferential issue of convertible warrants. The company intends to raise โ‚น85.75 crores to bolster working capital for its vehicle and MSME lending operations. The warrants are priced at โ‚น7 each, following SEBI ICDR regulations based on a 90-day VWAP. Upon full conversion, the total share capital will expand from 42.67 crore to 58.04 crore shares, leading to a promoter holding dilution from 41.20% to 35.84%.
Key Highlights
Proposed fundraise of โ‚น85.75 crores through preferential allotment of convertible warrants. Issue price set at โ‚น7 per warrant, significantly higher than the 10-day VWAP of โ‚น5.10. Capital to be deployed for expanding loan books in vehicle and business/MSME segments. Total equity base to increase by approximately 15.37 crore shares post-conversion. Promoter shareholding to decrease from 41.20% to 35.84% on a fully diluted basis.
๐Ÿ’ผ Action for Investors Investors should evaluate the growth potential from the โ‚น85.75 crore capital infusion against the significant equity dilution of approximately 36%. Monitor the EGM outcomes on March 20 for final shareholder approval.
AFIL to Issue 12.25 Crore Warrants at Rs 7 Each via Preferential Allotment
Akme Fintrade (India) Limited (AFIL) has convened an Extraordinary General Meeting on March 20, 2026, to seek approval for a major fundraise. The company plans to issue up to 12.25 crore convertible warrants at a price of Rs 7 per warrant to promoter and non-promoter categories. This preferential issue represents a significant capital infusion, with 25% of the price payable upfront and the balance within 18 months upon conversion into equity shares. The total potential capital raise amounts to approximately Rs 85.75 crore.
Key Highlights
Proposed issuance of 12.25 crore warrants convertible into equity shares of face value Rs 1 each. Issue price fixed at Rs 7 per warrant, with 25% (Rs 1.75 per warrant) payable at the time of allotment. Promoter group to be allotted 2.5 crore warrants, while non-promoter entities will receive 9.75 crore warrants. Warrants are convertible into equity shares in one or more tranches within a period of 18 months. Relevant date for pricing the preferential issue is set as February 18, 2026.
๐Ÿ’ผ Action for Investors Investors should note the significant equity dilution expected over the next 18 months and monitor how the company intends to deploy the Rs 85.75 crore capital. The participation of both promoters and institutional-style non-promoter entities at Rs 7 suggests a baseline valuation for the stock.
Akme Fintrade to Raise Rs 85.75 Crore via Preferential Issue of 12.25 Crore Warrants
Akme Fintrade (India) Limited (AFIL) has approved a preferential issue of 12.25 crore convertible warrants at Rs 7 per warrant, aiming to raise up to Rs 85.75 crore. The issue includes participation from promoters and 13 non-promoter entities, with 25% of the total amount payable upfront. These warrants are convertible into equity shares within 18 months, providing a phased capital infusion for the company. An Extra-Ordinary General Meeting is scheduled for March 20, 2026, to obtain shareholder approval for this transaction.
Key Highlights
Issuance of 12.25 crore warrants at Rs 7 each, aggregating to a total of Rs 85.75 crore. Promoter group to subscribe to 2.5 crore warrants, demonstrating strong internal confidence. Payment structure involves 25% upfront (approx. Rs 21.44 crore) and 75% at the time of conversion. Total of 15 allottees identified, including promoters and various private investment entities. Warrants are convertible into equity shares of face value Rs 1 within an 18-month window from allotment.
๐Ÿ’ผ Action for Investors The capital infusion is a positive signal for growth, though investors should account for the eventual equity dilution of approximately 21% upon full conversion. Monitor the EGM outcome and the company's deployment of these funds into its core lending operations.
Akme Fintrade to Raise Rs 85.75 Crore via Preferential Issue of 12.25 Crore Warrants
The Board of Akme Fintrade (India) Limited has approved a preferential issue of up to 12.25 crore warrants at a price of Rs 7 per warrant, totaling Rs 85.75 crore. These warrants are convertible into equity shares on a 1:1 basis within 18 months, with 25% of the consideration payable upfront. The issue involves 15 investors, including promoters who are subscribing to 2.5 crore warrants, signaling internal confidence. An Extra-Ordinary General Meeting is scheduled for March 20, 2026, to obtain shareholder approval for this capital infusion.
Key Highlights
Issuance of 12.25 crore warrants at Rs 7 each to raise up to Rs 85.75 crore. Warrants are convertible into equity shares within 18 months from the date of allotment. Promoter group to subscribe to 2.5 crore warrants, while 13 non-promoter entities will take up 9.75 crore warrants. Subscription requires 25% payment at application and the remaining 75% at the time of conversion. Extra-Ordinary General Meeting (EGM) for shareholder approval set for March 20, 2026.
๐Ÿ’ผ Action for Investors Investors should view the promoter participation as a positive signal of commitment, though they should also account for the eventual equity dilution upon warrant conversion. Monitor the EGM outcome and subsequent updates on fund utilization for business growth.
Akme Fintrade (AFIL) Board to Consider Warrant Issuance via Preferential Allotment on Feb 21
Akme Fintrade (India) Limited has scheduled a Board Meeting for February 21, 2026, to deliberate on a proposal for issuing warrants. The issuance is intended to be carried out through a preferential allotment on a private placement basis, which typically indicates a move to raise capital from specific investors. In line with SEBI regulations, the company has closed its trading window for insiders from February 17 to February 23, 2026. This fundraising initiative suggests the company is looking to strengthen its capital base for future growth or operational requirements.
Key Highlights
Board meeting scheduled for February 21, 2026, to approve warrant issuance. Fundraising to be executed via preferential allotment on a private placement basis. Trading window for designated persons closed from February 17, 2026, to February 23, 2026. Issuance is subject to regulatory and statutory approvals under SEBI (ICDR) Regulations, 2018.
๐Ÿ’ผ Action for Investors Investors should watch for the board meeting outcome on February 21 to understand the pricing of the warrants and the profile of the investors involved. A successful preferential allotment often signals institutional or promoter confidence in the company's long-term prospects.
Akme Fintrade 9M FY26 PAT Grows 16.98% to โ‚น30.05 Cr; AUM Surges 64.58% YoY
Akme Fintrade (AFIL) reported a strong 16.98% YoY growth in net profit for 9M FY26, reaching โ‚น30.05 crore, supported by robust demand for vehicle loans. Assets Under Management (AUM) witnessed a massive expansion of 64.58% YoY to โ‚น862.62 crore. While Net Interest Income grew by 36.51% to โ‚น61.69 crore, Net Interest Margins (NIM) compressed slightly to 12.39% from 13.41% in the previous year. The company maintains a very healthy capital adequacy ratio of 47.55%, positioning it well for future credit expansion in Tier II and III markets.
Key Highlights
9M FY26 Net Profit increased by 16.98% YoY to โ‚น30.05 crore, with Q3 PAT up 16.35% to โ‚น10.39 crore. Assets Under Management (AUM) grew significantly by 64.58% YoY to reach โ‚น862.62 crore. Net Interest Income (NII) for 9M FY26 grew by 36.51% YoY to โ‚น61.69 crore. Capital Adequacy Ratio remains robust at 47.55%, though NIMs compressed to 12.39% from 13.41% YoY. Asset quality showed a marginal decline with Gross NPA at 2.94% and Net NPA at 1.43%.
๐Ÿ’ผ Action for Investors Investors should monitor the company's ability to maintain asset quality amidst rapid AUM growth and the impact of its new foray into gold loans and insurance cross-selling. The high capital adequacy provides a strong safety buffer for continued expansion in the rural and semi-urban segments.
AFIL Q3 FY26 PAT Rises 16.6% YoY to โ‚น10.39 Cr; Internal Auditor Resigns
Akme Fintrade (India) Limited (AFIL) reported a strong performance for Q3 FY26, with Profit After Tax (PAT) reaching โ‚น10.39 crore, up from โ‚น8.91 crore in the corresponding quarter last year. Total revenue from operations saw significant growth, rising to โ‚น37.26 crore compared to โ‚น26.95 crore YoY. The company maintains a robust Capital Adequacy Ratio (CRAR) of 47.55% and a healthy Net Profit Margin of 28.21%. Alongside the results, the company announced the resignation of its internal auditor, M/s. Pachori Rupesh & Associates, effective February 6, 2026.
Key Highlights
Net Profit for Q3 FY26 increased by 16.6% YoY to โ‚น10.39 crore from โ‚น8.91 crore. Total Revenue from Operations grew to โ‚น37.26 crore in Q3 FY26, up from โ‚น26.95 crore in Q3 FY25. Asset quality remains stable with Gross NPA at 2.94% and Net NPA at 1.43% as of December 31, 2025. The company successfully raised โ‚น70 crore through private placement of secured non-convertible debentures (NCDs). Internal Auditor M/s. Pachori Rupesh & Associates resigned effective February 6, 2026.
๐Ÿ’ผ Action for Investors Investors should take note of the consistent growth in profitability and strong capital adequacy ratios. While the internal auditor's resignation is a point of transition, the underlying financial health and asset quality remain positive.
AFIL Q3 FY26 PAT Rises 16% YoY to โ‚น10.36 Cr; Total Income Surges 41%
Akme Fintrade (India) Limited (AFIL) reported a strong financial performance for the quarter ended December 31, 2025, with total income growing 41% YoY to โ‚น39.64 crore. Net profit for the quarter increased by 16.2% YoY to โ‚น10.36 crore, while the nine-month PAT reached โ‚น30.02 crore. The company maintains a robust Capital Adequacy Ratio (CRAR) of 47.55% and manageable asset quality with a Net NPA of 1.43%. During the period, the company also successfully raised โ‚น70 crore through the private placement of secured Non-Convertible Debentures (NCDs).
Key Highlights
Total Income for Q3 FY26 stood at โ‚น39.64 crore, a 41% increase from โ‚น28.10 crore in Q3 FY25. Net Profit (PAT) for the quarter grew to โ‚น10.36 crore compared to โ‚น8.91 crore in the previous year's corresponding quarter. Asset quality remains stable with Gross NPA at 2.94% and Net NPA at 1.43% as of December 31, 2025. Capital Adequacy Ratio (CRAR) is healthy at 47.55%, providing significant room for future lending expansion. The company raised โ‚น70 crore via Private Placement of Secured NCDs to fund its operations.
๐Ÿ’ผ Action for Investors Investors should view the strong top-line growth and high capital adequacy as positive indicators of the company's scaling potential. While the bottom-line growth is slower than revenue, the stable NPA levels suggest disciplined credit management.
Akme Fintrade (AFIL) Q3 PAT Rises to โ‚น10.39 Cr; 9M Profit Up 17% YoY
Akme Fintrade (India) Limited (AFIL) reported a steady performance for Q3 FY26, with Net Profit reaching โ‚น10.39 crore, up from โ‚น10.04 crore in the previous quarter. For the nine-month period ending December 2025, the company's profit grew to โ‚น30.02 crore compared to โ‚น25.69 crore in the previous year. The company maintains a robust Capital Adequacy Ratio (CRAR) of 47.55% and a healthy Net Worth of โ‚น472.31 crore. Asset quality remains stable with Gross NPA at 2.94% and Net NPA at 1.43%.
Key Highlights
Net Profit for Q3 FY26 stood at โ‚น10.39 crore, showing sequential growth from โ‚น10.04 crore in Q2. Total Income for the nine-month period surged to โ‚น106.51 crore from โ‚น73.42 crore in the previous year. Asset quality is well-managed with Gross NPA at 2.94% and Net NPA at 1.43% as of December 31, 2025. Capital Adequacy Ratio (CRAR) remains strong at 47.55%, providing significant room for growth. Successfully raised โ‚น70 crore through private placement of secured non-convertible debentures (NCDs) during the quarter.
๐Ÿ’ผ Action for Investors Investors should view the consistent profit growth and strong capital base as positive indicators of the company's stability. Monitor the deployment of the โ‚น70 crore raised via NCDs into the loan book to drive future interest income.
REGULATORY POSITIVE 7/10
CARE Ratings Assigns 'BBB+; Stable' to AFIL's โ‚น450 Cr Long-Term Facilities
CARE Ratings has assigned a 'CARE BBB+; Stable' rating to Akme Fintrade (India) Limited's (AFIL) โ‚น250 crore bank facilities and โ‚น200 crore NCDs, while reaffirming 'CARE A3+' for its โ‚น15 crore Commercial Paper. The rating reflects AFIL's adequate capitalization following its โ‚น132 crore IPO and healthy profitability with a 5.7% RoTA in FY25. While AUM grew significantly to โ‚น767 crore by September 2025, the company remains geographically concentrated with 63% of its portfolio in Rajasthan. The rating also notes a shift in product mix, with vehicle finance now accounting for 48% of the total portfolio.
Key Highlights
Assigned 'CARE BBB+; Stable' for โ‚น250 Cr long-term bank facilities and โ‚น200 Cr NCDs AUM grew 80% in 1.5 years to reach โ‚น767 Cr as of September 30, 2025 Capital Adequacy Ratio (CAR) stands strong at 51.66% with a low gearing of 0.97x Profit After Tax (PAT) rose to โ‚น33.2 Cr in FY25 from โ‚น18.5 Cr in FY24 Asset quality improved with GNPA at 2.77% in March 2025 compared to 3.63% in March 2024
๐Ÿ’ผ Action for Investors The investment-grade rating and strong capital base are positive indicators for AFIL's expansion plans; however, investors should monitor the performance of the unseasoned vehicle finance portfolio. Long-term value will depend on the company's ability to reduce its high cost of borrowing and diversify its geographical presence beyond Rajasthan.
Akme Fintrade (AFIL) Allots โ‚น30 Crore NCDs at 11.50% Interest Rate
Akme Fintrade (India) Limited has successfully allotted 30,000 secured, listed, and rated Non-Convertible Debentures (NCDs) to raise โ‚น30 crores through a private placement. These NCDs carry a high coupon rate of 11.50% per annum with interest payable on a monthly basis. The debt instrument has a tenure of 36 months, maturing in January 2029, and is backed by a 1.10x security cover on loan receivables. This capital infusion will likely support the company's lending operations and liquidity position.
Key Highlights
Allotted 30,000 NCDs with a face value of โ‚น10,000 each, aggregating to โ‚น30 crores. The coupon rate is fixed at 11.50% per annum with a monthly interest payment schedule. The NCDs have a 3-year tenure with a final maturity date of January 19, 2029. Security cover of 1.10x maintained over present and future loan receivables. Additional penal interest of 2% p.a. applicable in case of payment defaults or covenant breaches.
๐Ÿ’ผ Action for Investors Investors should track the company's ability to deploy these funds into high-yield lending to maintain healthy net interest margins above the 11.50% cost of debt. The successful fundraise indicates decent credit appetite for the company's debt paper.
Akme Fintrade (AFIL) Raises โ‚น30 Crore via NCDs at 11.50% Coupon
Akme Fintrade (India) Limited has approved the allotment of 30,000 Secured, Rated, Non-Convertible Debentures (NCDs) to raise โ‚น30 crore through a private placement. The NCDs carry a coupon rate of 11.50% per annum with interest payable on a monthly basis. The tenure for these instruments is 36 months, with a maturity date set for January 19, 2029. This capital infusion is secured by a 1.10x cover on the company's loan receivables, providing a buffer for debt investors.
Key Highlights
Allotted 30,000 NCDs of โ‚น10,000 each, aggregating to a total of โ‚น30 crore. Fixed coupon rate of 11.50% per annum with a monthly interest payment schedule. Instrument tenure of 36 months with a final maturity date of January 19, 2029. Security cover maintained at 1.10x over present and future loan receivables. Penal interest of 2% per annum applicable in case of payment defaults or delays in security creation.
๐Ÿ’ผ Action for Investors Investors should track the company's ability to deploy this capital into high-yield lending segments to offset the 11.50% cost of debt. The successful fundraise is a positive sign for the company's liquidity and growth prospects in the NBFC space.
Akme Fintrade (AFIL) Raises โ‚น30 Crore via NCD Allotment at 11.50% Coupon
Akme Fintrade (India) Limited has approved the allotment of 30,000 Secured, Rated, Non-Convertible Debentures (NCDs) to raise โ‚น30 Crores on a private placement basis. These NCDs carry a coupon rate of 11.50% per annum with interest payable on a monthly basis. The tenure of the instrument is 36 months, with maturity scheduled for January 19, 2029. The company has committed to a minimum security cover of 1.10x over its loan receivables to secure the debt.
Key Highlights
Allotted 30,000 NCDs with a face value of โ‚น10,000 each, totaling โ‚น30 Crores Fixed coupon rate of 11.50% per annum with monthly interest payouts Instrument tenure of 3 years with final redemption on January 19, 2029 Maintains a 1.10x security cover over present and future loan receivables Includes a 2% per annum penal interest clause for payment defaults or covenant breaches
๐Ÿ’ผ Action for Investors Investors should note the successful capital raise which provides liquidity for lending operations, though the 11.5% coupon indicates a relatively high cost of borrowing. Monitor the company's quarterly NIMs to ensure they are effectively deploying these funds into higher-yielding assets.
REGULATORY POSITIVE 7/10
Akme Fintrade (AFIL) Credit Rating Reaffirmed at IVR BBB+/Stable; Total Rated Amount Rs 450 Cr
Akme Fintrade (India) Limited has received a reaffirmation of its 'IVR BBB+/Stable' rating from Infomerics for its bank facilities and NCDs, while also securing a new rating for proposed NCDs worth Rs 200 crore. The company's AUM grew significantly to Rs 833.33 crore as of November 2025, supported by a healthy net interest margin (NIM) of 13.15% in FY25. Financial performance remains strong with PAT increasing to Rs 33.23 crore in FY25 and a comfortable capital adequacy ratio (CRAR) of 48.80%. However, the company faces geographical concentration risk with 62% of its portfolio in Rajasthan and average asset quality with GNPA at 2.94%.
Key Highlights
Infomerics reaffirmed 'IVR BBB+/Stable' rating for bank facilities and assigned the same for Rs 200 crore in proposed NCDs. Total Assets Under Management (AUM) grew 45% YoY to Rs 618.61 crore in FY25, reaching Rs 833.33 crore by 8MFY25. Profitability improved with Return on Total Assets (ROTA) rising to 6.10% in FY25 from 4.58% in FY24. Asset quality showed improvement with Gross NPA (GNPA) reducing to 2.94% as of November 2025 from 3.63% in March 2024. Capitalization remains robust with a CRAR of 48.80% and a tangible net worth of Rs 380.10 crore as of FY25.
๐Ÿ’ผ Action for Investors Investors should view the rating reaffirmation and the expansion of the rated pool as a sign of financial stability and growth readiness. Monitor the company's ability to diversify geographically beyond Rajasthan to mitigate concentration risks.
Akme Fintrade (AFIL) to Raise โ‚น30 Crores via Secured Non-Convertible Debentures
Akme Fintrade (India) Limited has approved the issuance of Senior, Secured, Rated, Non-Convertible Debentures (NCDs) worth up to โ‚น30 Crores. The issuance will be conducted on a private placement basis in one or more tranches and will be listed on the NSE. The company has committed to a minimum security cover of 1.10x against its loan receivables to secure the debt. Furthermore, stringent penalty clauses of 2% additional interest are in place for any defaults or delays in security creation.
Key Highlights
Fundraising of up to โ‚น30 Crores through Senior, Secured, Rated NCDs. Issuance to be executed via private placement and listed on the NSE. Minimum security cover of 1.10x maintained over present and future loan receivables. Penalty interest of 2% p.a. over coupon rate for defaults, covenant breaches, or documentation delays.
๐Ÿ’ผ Action for Investors This capital raise will likely support the company's lending operations and growth. Investors should monitor the final coupon rate and the company's ability to maintain the 1.10x security cover as the loan book expands.
Akme Fintrade Allots โ‚น20 Crore Secured NCDs at 11.50% Coupon
Akme Fintrade (India) Limited has successfully allotted 20,000 secured, non-convertible debentures (NCDs) aggregating to โ‚น20 crore on a private placement basis. These NCDs carry a coupon rate of 11.50% per annum with interest payable monthly and have a tenure of 36 months. The issue is secured by a 1.10x cover on the company's loan receivables and is slated for listing on the NSE. This fundraise provides the company with necessary capital to expand its lending operations.
Key Highlights
Allotted 20,000 NCDs of โ‚น10,000 each, totaling โ‚น20 crore via private placement Fixed coupon rate of 11.50% per annum with monthly interest payment frequency Instrument tenure of 36 months with a final maturity date of December 22, 2028 Secured by a minimum cover of 1.10x over present and future loan receivables Includes a 2% per annum penal interest clause for defaults or delays in security creation
๐Ÿ’ผ Action for Investors Investors should monitor the company's ability to deploy this capital into high-yield assets to offset the 11.5% borrowing cost. The successful fundraise at this rate reflects the company's ability to access credit markets for growth.
Akme Fintrade (AFIL) Allots NCDs Worth โ‚น20 Crore at 11.50% Interest Rate
Akme Fintrade (India) Limited has approved the allotment of 20,000 secured Non-Convertible Debentures (NCDs) to raise โ‚น20 crore via private placement. The NCDs carry a coupon rate of 11.50% per annum with interest payable on a monthly basis. The debt instrument has a tenure of 36 months, maturing in December 2028, and is secured by a 1.10x cover on loan receivables. This move is aimed at strengthening the company's capital base for its lending operations.
Key Highlights
Total fundraise of โ‚น20 crore through the allotment of 20,000 NCDs at โ‚น10,000 each. Fixed coupon rate of 11.50% per annum with a monthly interest payment schedule. Tenure of 36 months with a final maturity date set for December 22, 2028. Security cover of 1.10x maintained over present and future loan receivables. Penalty clause of 2% additional interest per annum in case of default or breach of covenants.
๐Ÿ’ผ Action for Investors Investors should note the relatively high borrowing cost of 11.50%, which reflects the company's credit profile but provides necessary liquidity for growth. Monitor the company's net interest margins (NIMs) to ensure they can profitably deploy this capital.
Akme Fintrade (AFIL) Allots โ‚น20 Crore Secured NCDs at 11.50% Coupon
Akme Fintrade (India) Limited has approved the allotment of 20,000 Senior Secured Non-Convertible Debentures (NCDs) to raise โ‚น20 Crores through a private placement. The NCDs carry a coupon rate of 11.50% per annum with interest payable on a monthly basis. The debt instrument has a tenure of 36 months, maturing on December 22, 2028, and will be listed on the NSE. This fundraise is backed by a 1.10x security cover on the company's loan receivables.
Key Highlights
Raised โ‚น20 Crores through the allotment of 20,000 NCDs with a face value of โ‚น10,000 each Fixed coupon rate of 11.50% per annum with a monthly interest payout schedule Tenure of 36 months with a final maturity date of December 22, 2028 Maintained a minimum security cover of 1.10x over present and future loan receivables Includes a 2% per annum penal interest clause for payment defaults or covenant breaches
๐Ÿ’ผ Action for Investors Investors should note the company's ability to raise debt capital at 11.50%, which will support loan book growth, though they should monitor the impact of this cost of funds on overall margins.
Akme Fintrade (AFIL) Secures โ‚น12 Crore Term Loan from Hinduja Leyland Finance
Akme Fintrade (India) Limited has successfully secured a term loan sanction of โ‚น12 crore from Hinduja Leyland Finance Limited. This capital infusion is expected to support the company's lending operations and liquidity requirements. Obtaining credit from a well-established financier like Hinduja Leyland Finance indicates a level of institutional confidence in AFIL's credit profile. Investors should view this as a routine but positive step in the company's resource mobilization strategy.
Key Highlights
Sanction of a term loan amounting to โ‚น12,00,00,000 (Twelve Crores). Lending institution is M/s. Hinduja Leyland Finance Limited. The loan sanction was officially recorded and communicated to exchanges on December 16, 2025. Strengthens the company's capital base for further credit disbursement.
๐Ÿ’ผ Action for Investors Investors should monitor the company's deployment of these funds into high-yield assets and observe any improvements in the net interest margin. This development is a positive sign of liquidity access for the NBFC.
BOARD_MEETING NEUTRAL 6/10
AFIL Board approves โ‚น200 Crore NCD issuance & appoints Jinit Jain as Director
Akme Fintrade (India) Limited (AFIL) announced the Board's approval for issuing Senior, Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) up to โ‚น200 Crores on a private placement basis. The Loan & Investment Committee is authorized to finalize the terms. Additionally, Mr. Jinit Jain has been appointed as an Additional Director, effective December 13, 2025. A penalty of additional interest at 2% p.a. will be charged for payment defaults.
Key Highlights
Approved issuance of Non-Convertible Debentures up to โ‚น200 Crores. Security cover of at least 1.10x to be maintained on loan receivables. Additional interest of 2% p.a. for payment defaults on NCDs. Jinit Jain appointed as Additional Director effective December 13, 2025. Penalty of at least 2% p.a. over the Coupon Rate will be applicable for delay in execution of Debenture Trust Deed.
๐Ÿ’ผ Action for Investors Investors should monitor the terms and conditions of the NCD issuance, including the coupon rate and security cover. Keep an eye on any potential delays in security creation or execution of the Debenture Trust Deed, as these could trigger penalty interest.
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