Akme Fintrade (India) Limited
Incorporated in 1996, Akme Fintrade is a non-banking finance company (NBFC), offering vehicle and business loans in rural and semi-urban geographies.
What Akme files
- Others184
- Board Meeting50
- QIP/Rights/Pref.44
- Important27
- Updates24
- Dividend/Bonus20
The Board approved allotting 1.3 Cr equity shares on warrant conversion, raising ~Rs. 7.75 Cr. It also increased authorized capital to Rs. 60 Cr and boosted borrowing limits to Rs. 1,200 Cr, all subject to shareholder approval. New internal auditor appointed; new statutory auditors await AGM approval.
Akme Fintrade received approval to reclassify Akme Star Housing Finance Limited from its Promoter Group to the Public category. This formal change updates the company's shareholding structure by modifying the promoter group definition.
Akme Fintrade secured stock exchange approval to issue 12.25 crore warrants. These will be allotted to promoters and other investors, paving the way for potential future capital raising through new equity shares.
Akme Fintrade (AFIL) clarifies points regarding its recent preferential share issue. **The Issue:** Stakeholders raised questions about the absence of reference to a specific SEBI regulation (Regulation 166A) regarding valuation in the original explanatory statement for the preferential issue. **Company's Response:** AFIL states that Regulation 166A is **not applicable** because...