Akme Fintrade Allots 4.75 Crore Warrants to Allottees on Preferential Basis
Akme Fintrade (India) Limited reported that its Board of Directors held a meeting on June 01, 2026, where it considered and approved the allotment of fully convertible Warrants. This allotment follows the shareholder approval obtained at the Extra-ordinary general Meeting on March 20, 2026, and subsequent in-principle approvals from the listed exchanges.The Board allotted a total of 4,75,00,000 fully convertible Warrants to various allottees belonging to both the 'Promoter & Non-Promoter Category.' The Warrants were issued on a preferential basis at an issue price of Rs. 7/- per Warrant.
The allotment was made upon the receipt of an upfront payment, aggregating to Rs. 8,31,25,000. This payment represents 25% of the issue price per Warrant (the 'Warrant Subscription Price').
Each Warrant allotted is convertible into or exchangeable for one fully paid-up equity share of the Company, which has a face value of Rs. 1/-. This conversion must occur within 18 months from the date of allotment, in one or more tranches, upon the allottees paying the balance consideration of Rs. 5.25/- per Warrant (75% of the issue price).
Allotment Details
The Warrants were allotted to specific persons and entities, with the details presented below:| Sr. No. | Name of the Proposed Allottee | Category | Number of Warrants | Subscription Amount (Rs.) | Amount Received (Rs.) |
|---|---|---|---|---|---|
| 1 | Rajni Gehlot | Non Promoter | 25,00,000 | 1.75 | 43,75,000 |
| 2 | Ashok Kumar Jain | Non Promoter | 25,00,000 | 1.75 | 43,75,000 |
| 3 | Seema Jain | Non Promoter | 25,00,000 | 1.75 | 43,75,000 |
| 4 | Basanti Jain | Non Promoter | 25,00,000 | 1.75 | 43,75,000 |
| 5 | Kamlesh Jain | Non Promoter | 25,00,000 | 1.75 | 43,75,000 |
| 6 | Akme Finnova Advisors LLP | Non Promoter | 1,50,00,000 | 1.75 | 2,62,50,000 |
| 7 | Finmen Advisors and Consultants Private Limited | Non Promoter | 1,00,00,000 | 1.75 | 1,75,00,000 |
| 8 | Anish Dhing HUF | Non Promoter | 1,00,00,000 | 1.75 | 1,75,00,000 |
| Total | 4,75,00,000 | 8,31,25,000 |
The company noted that since the allotment of Warrants, there is currently no change in its paid-up equity share capital.
AFIL Stock Price Movement
Today, Akme Fintrade (India) Limited shares edged higher to close at ₹10.17, gaining 0.50% after trading in the post-market session. The stock finished strong on a volume of 938,979 shares, with its price action solidifying the asset near its all-time peak after hitting a 52-week high of ₹10.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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