Akme Fintrade (India) Limited (AFIL) — Board Meeting(5 announcements)

The board approved the conversion of 300,000 warrants into 3 million equity shares at Rs 11.10 each, raising Rs 2.5 crore, and 1 million warrants into 1 million shares at Rs 7 each, raising Rs 5.25 crore, while retaining Ms. Latika Jain as auditor until June 29, 2026 and appointing Ms. Ankita Jain as her successor. The board also increased authorized capital to Rs 60 crore, raised borrowing limits to Rs 1,200 crore, and created security for loans, all pending shareholder approval at the upcoming AGM.

On June 29, 2026, Akme Fintrade (India) Limited approved a Rs 11.10 per share preferential allotment of 3 million equity shares to convert public warrants, alongside a Rs 7 per share allotment of 10 million shares to convert another warrant series, raising Rs 2.5 crore and Rs 5.25 crore respectively. The board also approved increasing the authorized share capital to Rs 60 crore, enhancing borrowing limits to Rs 1,200 crore, appointing new auditors, and creating security for borrowings. Ms. Latika Jain resigned as internal auditor, succeeded by Ms. Ankita Jain, while Shyam S. Gupta & Associates were recommended as statutory auditors for three years pending shareholder approval at the upcoming AGM.

The Board approved the conversion of 300,000 warrants into 3,000,000 equity shares at Rs 11.10 each and 10,000,000 warrants into 10,000,000 shares at Rs 7 each, raising Rs 2.5 crore and Rs 5.25 crore respectively, while appointing new auditors and increasing authorized capital to Rs 60 crore and borrowing limits to Rs 1,200 crore, pending shareholder approval at the upcoming AGM.

Akme Fintrade (India) Limited announced the outcome of its June 29, 2026 board meeting, approving the allotment of 13 million equity shares to convert warrant holders Pushpa Jugraj Jain and Stellant Securities (India) Limited at Rs. 11.10 and Rs. 7 per share respectively, raising Rs. 2.5 crore and Rs. 5.25 crore. The board also approved the appointment of Ms. Ankita Jain as Internal Auditor, Shyam S. Gupta & Associates as Statutory Auditors for three years, increased the authorized share capital to Rs. 60 crore, and enhanced borrowing limits to Rs. 1,200 crore, subject to shareholder approval at the upcoming AGM. The notice for the 30th AGM will be issued separately.

Akme Fintrade (India) Limited announced the outcomes of its June 29, 2026 board meeting, approving the allotment of 3,000,000 equity shares to Pushpa Jugraj Jain upon conversion of warrants (₹11.10/share including ₹8.325 premium) and 10,000,000 shares to Stellant Securities (₹7/share including ₹6 premium). The board also accepted the resignation of Internal Auditor Latika Jain, appointed Ankita Jain as the new Internal Auditor, recommended Shyam S. Gupta & Associates as statutory auditors for three years pending shareholder approval, increased authorized share capital to ₹60 crores, raised borrowing limits to ₹1,200 crores, and created security for borrowings. These actions reflect strategic capital restructuring and governance updates ahead of the 30th AGM.