AKME FINTRADE : BOARD APPROVES RS 50 CR NCD ISSUE

• Board approved issuance of secured, listed, rated, transferable, redeemable non-convertible debentures up to ₹50 Cr on private placement basis • Issue split into Series A1 up to ₹25 Cr (tenure up to 24 months) and Series A2 up to ₹25 Cr (tenure up to 30 months) • NCDs proposed to be listed on NSE; minimum security cover of 1.10x to be maintained over present and future loan receivables • Board authorised the Loan & Investment Committee to determine quantum, timing and terms of NCD issue up to ₹300 Cr • Penal interest of 2% p.a. over coupon rate payable on payment default or breach of covenants

Akme Fintrade (India) Ltd

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