Akme Fintrade (India)544200Quarterly results
No deviation or variation in use of issue proceeds; Q2 and H1 standalone results approved
Board meeting on October 30, 2026 approved unaudited standalone results for the quarter and half year ended September 30, 2026, with the auditors' limited review report.
By ScoutQuest · · 2 min read
- Board Meeting Date
- October 30, 2026
- Period Covered
- quarter and half year ended September 30, 2026
- Issue Proceeds Utilisation
- no deviation or variation in the use of issue proceeds of non-convertible securities and of the amount raised through conversion of warrants
What was disclosed
- The Board of Directors met on October 30, 2026, from 04:00 P.M. to 06:00 P.M., and approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, on the recommendation of the Audit Committee.
- With the results, the company shared statements on utilisation of issue proceeds showing no deviation or variation in the use of proceeds of non-convertible securities and of the amount raised through conversion of warrants. Both were reviewed by the Audit Committee.
What the no-deviation statement means
- When a company raises money, it says in advance what the money will be used for, and it must keep confirming period by period whether the money actually went where promised.
- "No deviation or variation" means the funds were used as earlier stated. For a retail investor this is a periodic confirmation rather than a new business event.
Auditor's review of the results
- Shyam S Gupta & Associates reviewed the standalone results and concluded that nothing came to their attention suggesting the results are materially misstated or not prepared in line with the applicable standards, including the RBI prudential norms on income recognition, asset classification and provisioning.
- A limited review gives moderate assurance; it is not a full audit.
Other items placed with the exchanges
- Line-item disclosures under Regulation 52(4).
- A security cover certificate issued by the statutory auditor.
- Disclosure of related party transactions for the half year ended September 30, 2026.
- Intimation that the results will be published in newspapers.
What to take away
- The key message is procedural: the money raised was used as stated, with no deviation or variation.
- The results cover the standalone operations of the company for the September quarter and half year.
Also from Akme Fintrade (India)
Board approves unaudited Q2/H1 FY27 results; related party transaction statement for the half year shared
30 Oct 2026
Board meeting outcome: standalone Q2 and H1 FY27 results approved, auditor review unmodified
30 Oct 2026
Trading approval received for 82 lakh equity shares allotted on warrant conversion
30 Oct 2026
Source: BSE · 30 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.