AKME FINTRADE : ANNOUNCES PREFERENTIAL ALLOTMENT OF EQUITY SHARES

• Allotment of 30,00,000 equity shares of face value ₹1 each at ₹11.10/- each (including ₹8.325/- premium) upon conversion of warrants. • Pushpa Jugraj Jain allotted 30,00,000 equity shares, aggregating ₹2,49,75,000/- • Allotment of 1,00,00,000 equity shares of face value ₹1 each at ₹7/- each (including ₹6/- premium) upon conversion of warrants. • Stellant Securities (India) Limited allotted 1,00,00,000 equity shares, aggregating ₹5,25,00,000/- • Board also approved increase in authorized share capital from ₹50 Cr to ₹60 Cr and increase in borrowing limits to ₹1,200 Cr. Impact: Neutral (Routine preferential allotment and administrative corporate actions)

Akme Fintrade (India) Limited

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