Akme Fintrade (India) Limited (AFIL) has announced two significant board decisions in its meeting held on April 20, 2026. The Board of Directors approved the allotment of 50,000 Secured, Listed, Rated, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each. This private placement aggregates to a total of INR 50 Crores. Additionally, the Board reviewed and approved a request from Star Housing Finance Limited for re-classification from the ‘Promoter and Promoter Group’ category to the ‘Public’ category.

The issuance of NCDs is designed to bolster the company’s financial position, with a tenure of up to 36 months from the date of allotment. These instruments carry a coupon rate of 11.25% per annum, with interest payable on a monthly basis and the principal due upon maturity on April 20, 2029. To secure these debentures, the company will maintain a minimum security cover of 1.10x over its loan receivables. Furthermore, the re-classification of Star Housing Finance Limited, which currently holds 0% equity, marks a structural shift in the company’s promoter group composition.

Akme Fintrade (India) Ltd, also known as Aasaan Loans, is a Rajasthan-based Non-Banking Financial Company (NBFC) specializing in rural and semi-urban retail financing. With over two decades of experience, the company primarily offers vehicle and business loans to underserved markets across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. In 2025, the company focused on digital expansion and technology-driven lending platforms to enhance its reach. Recent updates from early 2026 indicate a strategic focus on raising capital through NCDs and streamlining its promoter structure to support its growing Assets Under Management (AUM).

During the financial year 2025, the company demonstrated significant growth, reporting a total income of INR 102.72 Crores, a 39.75% increase compared to INR 73.50 Crores in FY 2024. The Profit After Tax (PAT) surged by 79.35% to reach INR 33.23 Crores in FY 2025. For the most recent quarterly results in December 2025, the company recorded a total income of INR 39.70 Crores and a PAT of INR 10.39 Crores. As of April 2026, the shareholding pattern shows that Domestic Institutional Investors (DII) hold a 2.82% stake, while Foreign Institutional Investors (FII) hold 0.4%. Notable institutional involvement includes support from various domestic entities, though the majority of shares remain with retail investors and the promoter group.