Akme Fintrade Allots ₹50 Crore Secured NCDs Across Two Series

Board allotted 50,000 secured listed rated NCDs of Rs 10,000 each for Rs 50 Cr via private placement: Series A1 Rs 25 Cr at 11.40% due Sep 2028, Series A2 Rs 25 Cr at 11.60% due Mar 2029. Executes the recently approved NCD programme, continuing debt-funded loan growth. Monthly interest, bullet maturity; 1.10x cover over loan receivables, proposed NSE listing. Adds secured leverage to fund loan-book scale-up; high coupons sustain funding-cost pressure. Use of proceeds, rating and trustee not disclosed; listing and security perfection pending.