Akme Fintrade Board Approves Rs50 Crore NCD Issuance With Rs300 Crore Mandate

Board approved secured listed rated NCDs up to 50 Cr via Series A1 (25 Cr, 24m) and A2 (25 Cr, 30m) on private placement; authorised Loan & Investment Committee for NCDs up to 300 Cr. Proposed NSE listing with 1.10x cover on loan receivables. Continues recent secured NCD funding for growth; prior tranches still await listing and perfection. Mandate adds sizable debt headroom. Coupon, payment schedule and redemption left to key information document; timing and investors undisclosed. Adds leverage for growth; hinges on approvals, listing and security perfection.