Board to consider and approve NCD issue up to INR 350 Crores at October 10, 2026 meeting

Board meeting on Saturday, October 10, 2026.

Wed 7 Oct 2026

NCD Issue Size

up to INR 350 Crores

Board Meeting Date

Saturday, October 10, 2026

Trading Window Closure

till 48 hours after the quarter and half-year ended September 30, 2026 results are declared

What the notice says

Akme Fintrade (India) Limited has informed the stock exchanges that a meeting of its Board of Directors will be held on Saturday, October 10, 2026. The notice states that the Board will, inter alia, consider and approve the issue of Senior, Secured, Rated, Listed and Transferable Non-Convertible Debentures (NCDs) up to INR 350 Crores (Indian Rupees Three Hundred and Fifty Crores Only).

The key terms disclosed

• The NCDs are proposed to be issued on a private placement basis, in one or more tranches.
• The instruments are described as Senior, Secured, Rated, Listed and Transferable.
• The Board will also consider empowering the Loan & Investment Committee to take all necessary actions in connection with the issuance of the NCDs.

The words to note

The update uses "consider and approve". This is a notice that the proposal will be placed before the Board; the decision itself is to be taken at the meeting. The amount is stated as "up to" INR 350 Crores, and the issuance may happen in one or more tranches.

Why a debenture issue matters

NCDs are a borrowing instrument. For a lending business, issuing secured, rated NCDs is a way of raising funds from investors on a private placement basis rather than from the public. Because the update describes the proposed instruments as senior and secured, the terms attached to them would matter for how the borrowing ranks and what it is backed by.

Trading Window

The Trading Window will continue to remain closed for dealing in the securities of the Company for all Designated Persons till the expiry of 48 hours after the declaration of the Unaudited Financial Results of the Company for the quarter and half-year ended September 30, 2026.

What to watch

• The outcome of the October 10, 2026 Board meeting and whether the NCD issue is approved, along with its terms.
• The amount actually raised within the stated ceiling, since the update mentions an amount "up to" INR 350 Crores and issuance in one or more tranches.

In short

A board meeting intimation tells you what will be discussed, not what has been decided. Such notices are usually read together with the outcome disclosure that follows the meeting.

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