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AFIL - Akme Fintrade

📊 NSE: AFIL 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 18:06

📢 Recent Corporate Announcements

AFIL Applies for Reclassification of Star Housing Finance from Promoter to Public Category

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 22 Apr 2026, 04:51 PM

Akme Fintrade (India) Limited (AFIL) has submitted a formal application to BSE and NSE on April 22, 2026, for the reclassification of Star Housing Finance Limited. The request seeks to move the entity from the 'Promoter Group' to the 'Public' category under Regulation 31A of SEBI Listing Regulations. Notably, Star Housing Finance Limited currently holds 0 shares (0% stake) in AFIL. This move is a procedural step to align the company's regulatory filings with the actual ownership structure.

Application submitted to BSE and NSE on April 22, 2026, for promoter reclassification.
Star Housing Finance Limited to be reclassified from 'Promoter Group' to 'Public' category.
The outgoing entity holds 0 shares, representing 0.00% of the total shareholding.
Follows previous board-level intimations dated April 09 and April 20, 2026.
The reclassification is subject to approval from the respective stock exchanges.

💡 This is a routine administrative update with no impact on the company's operations or financial health. No action is required from investors as there is no change in actual shareholding or control.

Akme Fintrade (AFIL) Raises ₹50 Crore via NCDs at 11.25% Coupon

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Apr 2026, 12:02 PM

Akme Fintrade (India) Limited has successfully allotted 50,000 secured, non-convertible debentures (NCDs) to raise ₹50 crore on a private placement basis. These NCDs carry a coupon rate of 11.25% per annum with interest payable monthly and a tenure of 36 months. The board also approved the re-classification of Star Housing Finance Limited from the 'Promoter Group' to the 'Public' category, as they currently hold zero shares. This fundraise provides the company with necessary capital for its lending operations and business expansion.

Allotment of 50,000 Secured NCDs aggregating to ₹50 crore with a face value of ₹10,000 each.
Fixed coupon rate of 11.25% per annum with a monthly interest payment schedule.
Instrument tenure of 36 months with a final maturity date set for April 20, 2029.
Security cover of 1.10x maintained over present and future loan receivables.
Board approval for re-classification of Star Housing Finance Limited to the 'Public' category.

💡 Investors should monitor the company's ability to deploy this high-cost capital (11.25%) into higher-yielding assets to maintain net interest margins. The successful fundraise indicates decent credit appetite for the company's debt instruments.

Akme Fintrade (AFIL) Allots ₹50 Crore NCDs at 11.25% Interest Rate

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Apr 2026, 11:59 AM

Akme Fintrade (India) Limited has approved the allotment of 50,000 Secured Non-Convertible Debentures (NCDs) to raise ₹50 crore via private placement. These NCDs carry a coupon rate of 11.25% per annum with monthly interest payouts and a 36-month tenure. The board also approved the re-classification of Star Housing Finance Limited from the 'Promoter Group' to the 'Public' category, as they hold zero shares in the company. This capital infusion is intended to support the company's lending operations and growth.

Allotted 50,000 Secured, Listed, Rated NCDs with a face value of ₹10,000 each, totaling ₹50 crore.
Fixed coupon rate of 11.25% per annum to be paid on a monthly basis.
The NCDs have a 3-year tenure with a final maturity date of April 20, 2029.
Maintained a minimum security cover of 1.10x over present and future loan receivables.
Approved re-classification of Star Housing Finance Limited to 'Public' category (holding 0% stake).

💡 Investors should track the company's ability to deploy this high-cost capital (11.25%) into higher-yielding assets to maintain healthy net interest margins. The successful fundraise indicates institutional interest in the company's debt instruments.

Akme Fintrade (India) Submits SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Apr 2026, 03:38 PM

Akme Fintrade (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing pertains to the quarter ended March 31, 2026, and confirms that the company has adhered to the necessary procedures for the dematerialization of securities. This certificate was issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent. Such filings are standard procedural requirements for all listed companies in India to ensure the integrity of shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026.
Certificate issued by Registrar and Share Transfer Agent, Bigshare Services Private Limited.
Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018 regarding share dematerialization.

💡 This is a routine regulatory filing with no impact on the company's financial performance or business operations. No action is required from investors.

Akme Fintrade Receives Re-classification Request from Star Housing Finance Ltd

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Apr 2026, 10:25 AM

Akme Fintrade (India) Limited (AFIL) has received a formal request from Star Housing Finance Limited to be re-classified from the 'Promoter Group' to the 'Public' category. Notably, Star Housing Finance Limited currently holds zero shares (0.00%) in the company. The re-classification process is being conducted under Regulation 31A of SEBI (LODR) Regulations, 2015. This change is subject to approval by the Board of Directors and the Stock Exchanges.

Star Housing Finance Limited requested re-classification from Promoter Group to Public category
The outgoing entity holds 0 shares, representing 0.00% of the total share capital
The request was formally intimated to the exchanges on April 9, 2026
Final approval is pending from the Board of Directors and Stock Exchanges (NSE/BSE)

💡 No action is required as this is a procedural regulatory filing involving an entity with zero shareholding, having no impact on the company's ownership structure.

Akme Fintrade (AFIL) Credit Rating Upgraded to 'ACUITE A-' for Rs 855 Cr Debt Facilities

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 08 Apr 2026, 11:23 AM

Akme Fintrade (India) Limited (AFIL) has received a credit rating upgrade and new assignments from Acuite Ratings & Research for debt instruments totaling Rs 855 crore. The agency upgraded the Long-Term rating for Rs 180 crore in bank loans and Rs 100 crore in NCDs to 'ACUITE A-' with a Stable outlook. Additionally, new ratings of 'ACUITE A-' were assigned to additional bank loans and NCDs worth Rs 555 crore. A short-term rating of 'ACUITE A2+' was also assigned to a Rs 20 crore Commercial Paper program, reflecting improved creditworthiness.

Long-term rating for Rs 280 Cr of existing debt upgraded to 'ACUITE A-' with a Stable outlook
New long-term ratings of 'ACUITE A-' assigned to Rs 555 Cr of bank loans and NCDs
Short-term rating of 'ACUITE A2+' assigned to Rs 20 Cr Commercial Paper program
Total rated quantum stands at Rs 855 Cr, indicating significant headroom for debt-funded growth

💡 This upgrade is a positive development that likely lowers the company's cost of capital and enhances its ability to scale its lending book. Investors should monitor if this leads to improved net interest margins in the coming quarters.

Akme Fintrade (AFIL) Secures ₹8 Crore Term Loan from MAS Financial Services

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 31 Mar 2026, 05:57 PM

Akme Fintrade (India) Limited has successfully secured a term loan sanction of ₹8 crore from MAS Financial Services Limited. This debt capital infusion is expected to bolster the company's liquidity position and support its lending operations. The sanction from a reputable financial institution like MAS Financial Services indicates a positive credit assessment of AFIL. Investors should view this as a routine but necessary step for an NBFC to scale its asset book.

Sanction of a term loan amounting to ₹8,00,00,000 (Rupees Eight Crores).
The loan facility is provided by M/s. MAS Financial Services Limited.
The announcement was officially recorded with the exchanges on March 31, 2026.
Strengthens the company's capital base for further credit disbursement.

💡 Investors should monitor the company's upcoming quarterly results to see how effectively this capital is deployed into interest-earning assets. The ability to raise debt at regular intervals is a key performance indicator for this NBFC.

Akme Fintrade (AFIL) Announces Trading Window Closure from April 1 for Q4 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Mar 2026, 02:39 PM

Akme Fintrade (India) Limited has officially notified the exchanges regarding the closure of its trading window starting April 1, 2026. This mandatory regulatory step is taken in anticipation of the declaration of financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced separately.

Trading window closure commences on Wednesday, April 01, 2026.
Closure pertains to the unaudited financial results for the quarter ended March 31, 2026.
The restriction will be lifted 48 hours after the dissemination of financial results.
Compliance is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a standard regulatory procedure and does not reflect any change in company fundamentals. Investors should monitor for the upcoming board meeting date to prepare for the Q4 earnings release.

Akme Fintrade (AFIL) Shareholders Approve Preferential Issue of Warrants with 99.99% Majority

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 20 Mar 2026, 05:59 PM

Akme Fintrade (India) Limited (AFIL) successfully passed a special resolution at its Extraordinary General Meeting on March 20, 2026, to issue warrants on a preferential basis. The proposal received overwhelming support, with 99.9997% of the 18.82 crore votes cast in favor. The issuance targets both promoter and non-promoter groups, signaling strong internal and external backing for the company's capital expansion. This move is expected to strengthen the company's balance sheet and provide funds for strategic growth.

Resolution passed to issue warrants on a preferential cum private placement basis to promoters and non-promoters
Total of 18,81,91,752 votes were polled, with 18,81,91,252 votes in favor and only 500 against
Promoter group showed 100% support with 14.94 crore votes cast in favor of the fundraise
Public non-institutional investors showed high confidence with 99.9987% of their 3.88 crore votes supporting the move

💡 The high approval rate and promoter participation are bullish signals for the company's growth trajectory. Investors should track the utilization of these funds and the impact on equity dilution once warrants are converted.

Akme Fintrade (AFIL) Shareholders Approve Preferential Issue of Warrants at EGM

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Mar 2026, 04:30 PM

Akme Fintrade (India) Limited (AFIL) successfully conducted an Extraordinary General Meeting on March 20, 2026, to seek approval for a significant fundraising initiative. Shareholders voted on a special resolution to issue warrants on a preferential cum private placement basis to both Promoter and Non-Promoter categories. The e-voting process, which concluded on March 19, 2026, saw participation based on the March 13 cut-off date. This move signals the company's intent to strengthen its capital base for future growth and lending operations.

Approval of warrant issuance on a preferential cum private placement basis to Promoters and Non-Promoters.
Remote e-voting was conducted from March 17 (10:00 AM) to March 19 (5:00 PM), 2026.
The cut-off date for determining shareholder eligibility was Friday, March 13, 2026.
The Extraordinary General Meeting was concluded efficiently within 11 minutes via video conferencing.

💡 Investors should watch for the follow-up announcement regarding the specific pricing and total capital to be raised through these warrants. This infusion is likely to support the company's loan book expansion and improve its capital adequacy ratio.

Akme Fintrade to Raise ₹85.75 Crore via Preferential Issue of Warrants at ₹7

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 12 Mar 2026, 02:24 PM

Akme Fintrade (India) Limited has issued a corrigendum for its EGM scheduled for March 20, 2026, detailing a preferential issue of convertible warrants. The company intends to raise ₹85.75 crores to bolster working capital for its vehicle and MSME lending operations. The warrants are priced at ₹7 each, following SEBI ICDR regulations based on a 90-day VWAP. Upon full conversion, the total share capital will expand from 42.67 crore to 58.04 crore shares, leading to a promoter holding dilution from 41.20% to 35.84%.

Proposed fundraise of ₹85.75 crores through preferential allotment of convertible warrants.
Issue price set at ₹7 per warrant, significantly higher than the 10-day VWAP of ₹5.10.
Capital to be deployed for expanding loan books in vehicle and business/MSME segments.
Total equity base to increase by approximately 15.37 crore shares post-conversion.
Promoter shareholding to decrease from 41.20% to 35.84% on a fully diluted basis.

💡 Investors should evaluate the growth potential from the ₹85.75 crore capital infusion against the significant equity dilution of approximately 36%. Monitor the EGM outcomes on March 20 for final shareholder approval.

AFIL to Issue 12.25 Crore Warrants at Rs 7 Each via Preferential Allotment

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 26 Feb 2026, 02:49 PM

Akme Fintrade (India) Limited (AFIL) has convened an Extraordinary General Meeting on March 20, 2026, to seek approval for a major fundraise. The company plans to issue up to 12.25 crore convertible warrants at a price of Rs 7 per warrant to promoter and non-promoter categories. This preferential issue represents a significant capital infusion, with 25% of the price payable upfront and the balance within 18 months upon conversion into equity shares. The total potential capital raise amounts to approximately Rs 85.75 crore.

Proposed issuance of 12.25 crore warrants convertible into equity shares of face value Rs 1 each.
Issue price fixed at Rs 7 per warrant, with 25% (Rs 1.75 per warrant) payable at the time of allotment.
Promoter group to be allotted 2.5 crore warrants, while non-promoter entities will receive 9.75 crore warrants.
Warrants are convertible into equity shares in one or more tranches within a period of 18 months.
Relevant date for pricing the preferential issue is set as February 18, 2026.

💡 Investors should note the significant equity dilution expected over the next 18 months and monitor how the company intends to deploy the Rs 85.75 crore capital. The participation of both promoters and institutional-style non-promoter entities at Rs 7 suggests a baseline valuation for the stock.

AFIL Shareholders Approve Jinit Sureshkumar Jain as Executive Director with 99.99% Majority

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 23 Feb 2026, 05:10 PM

Akme Fintrade (India) Limited (AFIL) has announced the successful passage of an ordinary resolution via postal ballot for the appointment of Mr. Jinit Sureshkumar Jain as Executive Director. The appointment is for a three-year term effective from December 13, 2025. The resolution received overwhelming support, with 99.9976% of the total 159.89 million votes cast in favor. While promoter participation was high at 89.04%, public non-institutional participation remained low at approximately 1.33%.

Appointment of Jinit Sureshkumar Jain as Executive Director for 3 years effective Dec 13, 2025
Resolution passed with 99.9976% majority, representing 159,893,077 votes in favour
Total voter turnout recorded at 37.47% of the total 426.75 million shares
Promoter group cast 156.56 million votes, all 100% in favor of the resolution
Only 3,903 votes (0.0024%) were cast against the appointment by public shareholders

💡 This is a routine regulatory filing confirming a management appointment. Investors should monitor if this leadership change brings any strategic shifts in the company's NBFC operations over the next three years.

Akme Fintrade to Raise Rs 85.75 Crore via Preferential Issue of 12.25 Crore Warrants

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 21 Feb 2026, 02:32 PM

Akme Fintrade (India) Limited (AFIL) has approved a preferential issue of 12.25 crore convertible warrants at Rs 7 per warrant, aiming to raise up to Rs 85.75 crore. The issue includes participation from promoters and 13 non-promoter entities, with 25% of the total amount payable upfront. These warrants are convertible into equity shares within 18 months, providing a phased capital infusion for the company. An Extra-Ordinary General Meeting is scheduled for March 20, 2026, to obtain shareholder approval for this transaction.

Issuance of 12.25 crore warrants at Rs 7 each, aggregating to a total of Rs 85.75 crore.
Promoter group to subscribe to 2.5 crore warrants, demonstrating strong internal confidence.
Payment structure involves 25% upfront (approx. Rs 21.44 crore) and 75% at the time of conversion.
Total of 15 allottees identified, including promoters and various private investment entities.
Warrants are convertible into equity shares of face value Rs 1 within an 18-month window from allotment.

💡 The capital infusion is a positive signal for growth, though investors should account for the eventual equity dilution of approximately 21% upon full conversion. Monitor the EGM outcome and the company's deployment of these funds into its core lending operations.

Akme Fintrade to Raise Rs 85.75 Crore via Preferential Issue of 12.25 Crore Warrants

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 21 Feb 2026, 02:30 PM

The Board of Akme Fintrade (India) Limited has approved a preferential issue of up to 12.25 crore warrants at a price of Rs 7 per warrant, totaling Rs 85.75 crore. These warrants are convertible into equity shares on a 1:1 basis within 18 months, with 25% of the consideration payable upfront. The issue involves 15 investors, including promoters who are subscribing to 2.5 crore warrants, signaling internal confidence. An Extra-Ordinary General Meeting is scheduled for March 20, 2026, to obtain shareholder approval for this capital infusion.

Issuance of 12.25 crore warrants at Rs 7 each to raise up to Rs 85.75 crore.
Warrants are convertible into equity shares within 18 months from the date of allotment.
Promoter group to subscribe to 2.5 crore warrants, while 13 non-promoter entities will take up 9.75 crore warrants.
Subscription requires 25% payment at application and the remaining 75% at the time of conversion.
Extra-Ordinary General Meeting (EGM) for shareholder approval set for March 20, 2026.

💡 Investors should view the promoter participation as a positive signal of commitment, though they should also account for the eventual equity dilution upon warrant conversion. Monitor the EGM outcome and subsequent updates on fund utilization for business growth.

View All AFIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Interest Income grew by 51.37% YoY to INR 64.77 Cr in H1FY26 compared to INR 42.79 Cr in H1FY25. This growth is primarily driven by the LAP/SME segment and a 54.80% YoY increase in total Assets Under Management (AUM) which reached INR 767.46 Cr.

Geographic Revenue Split

The portfolio is heavily concentrated in North/West India with Rajasthan contributing 63.88% of AUM as of FY25. Other regions include Gujarat (12.15%), Madhya Pradesh (11.73%), and Maharashtra (10.50%).

Profitability Margins

Net Interest Margin (NIM) improved to 11.24% in FY24 from 10.26% in FY23. Return on Average Assets (RoAA) stood at 5.35% in H1FY26, while Return on Average Net Worth (RoNW) was 10.03%. Profit After Tax (PAT) for FY25 grew 79.3% YoY to INR 33.23 Cr.

EBITDA Margin

Core profitability is reflected in the ROTA which improved to 4.58% in FY24 from 3.88% in FY23. The cost-to-income ratio was significantly rationalized to 34.86% in FY24 from 46.49% in FY23 due to improved operating efficiencies.

Capital Expenditure

As an NBFC, capital is deployed into the loan book. The company raised INR 132 Cr through an IPO in June 2024 and is raising INR 45 Cr through convertible warrants to support AUM growth toward a target of INR 950 Cr by FY26.

Credit Rating & Borrowing

The company holds an IVR BBB+ / Stable rating from Infomerics and a similar rating from Acuité. Interest expenses increased by 54.88% YoY to INR 24.44 Cr in H1FY26, reflecting the increased scale of borrowings to fund the expanding loan book.

⚙️ Operational Drivers

Raw Materials

Not applicable as AFIL is a financial services provider; however, its 'cost of goods' is the Cost of Funds, which accounts for approximately 37.7% of total interest income in H1FY26.

Import Sources

Not applicable. Capital is sourced from domestic equity markets (IPO), warrants, and domestic lenders like SIDBI.

Key Suppliers

Capital providers include Small Industries Development Bank of India (SIDBI) and various domestic banks/NCD investors.

Capacity Expansion

Current physical presence includes 29 branches across 5 states. The company plans to expand its dealer network and leverage its 'AASAANLOANS' digital platform to scale from 200,000 current customers to 5 million by 2030.

Raw Material Costs

Interest expenses (cost of capital) rose 54.88% YoY to INR 24.44 Cr in H1FY26. Procurement strategy involves diversifying into NCDs and ECBs to optimize borrowing costs.

Manufacturing Efficiency

Operational efficiency is measured by the cost-to-income ratio, which improved to 34.86% in FY24. Branch productivity is a key driver for the 'Hub and Spoke' business model.

Logistics & Distribution

Distribution is handled through 29 physical branches and a digital lending platform to reduce customer acquisition costs.

📈 Strategic Growth

Expected Growth Rate

53.70%

Growth Strategy

Growth will be achieved by scaling AUM from INR 618.61 Cr in FY25 to a guided INR 950 Cr in FY26 through geographic expansion beyond Rajasthan, increasing the dealer network for vehicle loans, and cross-selling gold loans and insurance products to the existing 200,000+ customer base.

Products & Services

Two-wheeler loans, four-wheeler loans, commercial vehicle financing, Loan Against Property (LAP) for SMEs, and newly launched Gold Loans and Insurance distribution.

Brand Portfolio

Akme Fintrade India Limited (AFIL), AASAANLOANS (Digital Platform).

New Products/Services

Gold Loans and Insurance sales are expected to diversify revenue streams starting Q4 FY26, leveraging the existing branch network for higher fee-based income.

Market Expansion

Expanding footprint across Tier II and Tier III markets in Gujarat, Maharashtra, and Madhya Pradesh to reduce Rajasthan-specific concentration risk.

Market Share & Ranking

AFIL is a niche player in the Rajasthan NBFC market, specifically targeting the underbanked SME and rural vehicle finance segments.

Strategic Alliances

Partnerships with vehicle dealers across five states to act as primary origination points for the 2W and 4W financing portfolio.

🌍 External Factors

Industry Trends

The 2W financing market is expected to grow 18-19% in FY26. AFIL is positioning itself to capture this through digital transformation and a shift toward multi-product financial services (Gold/Insurance).

Competitive Landscape

Faces intense competition from traditional banks and emerging fintech companies that offer faster digital processing and lower interest rates.

Competitive Moat

Moat is built on 20+ years of local market expertise in Rajasthan and a robust in-house collection mechanism that maintains GNPA at 2.77%, which is better than the industry average of ~3.5% for vehicle loans.

Macro Economic Sensitivity

Highly sensitive to rural demand and monsoon patterns, as favorable monsoons boost the repayment capacity of the rural borrower base in Rajasthan and MP.

Consumer Behavior

Increasing shift toward digital loan applications and rising demand for personal mobility in Tier II/III cities driving the vehicle finance portfolio.

Geopolitical Risks

Minimal direct impact, though national regulatory shifts for NBFCs regarding risk weights on consumer credit affect capital adequacy requirements.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI norms for non-deposit taking NBFCs. Recent regulatory pressures include higher risk weights on certain loan categories which could impact liquidity and capital allocation.

Environmental Compliance

Not applicable for financial services; however, the company is expanding 'sustainability financing' as part of its H1FY26 strategy.

Taxation Policy Impact

Effective tax rate is standard for Indian NBFCs; Profit Before Tax (PBT) grew 36.20% YoY to INR 26.15 Cr in H1FY26.

Legal Contingencies

The company handles all recovery activities in-house to mitigate legal risks associated with external collection agencies; no specific high-value pending court cases were disclosed.

⚠️ Risk Analysis

Key Uncertainties

Asset quality in the vehicle loan segment is a key monitorable, as it accounts for 30% of total GNPA despite being only 22% of the portfolio. Impairment of financial instruments rose 236.78% YoY in H1FY26.

Geographic Concentration Risk

63.88% of AUM is concentrated in Rajasthan, creating a high vulnerability to state-specific economic or regulatory changes.

Third Party Dependencies

High dependency on the promoter, Mr. Nirmal Kumar Jain, for day-to-day operations and strategic direction, though a new professional management team was recently inducted.

Technology Obsolescence Risk

Risk of being disrupted by fintechs; mitigated by the launch of the 'AASAANLOANS' digital platform and adoption of new lending technologies.

Credit & Counterparty Risk

GNPA improved to 2.77% in FY25 from 3.63% in FY24. However, the LAP portfolio remains the primary source of GNPAs, accounting for ~62% of total defaults.