Akme Fintrade (India) Limited — QIP/Rights/Pref., 30-01-2025: Allotment of Securities

The Board has approved the allotment of 20,00,000 fully convertible Warrants at an issue price of Rs. 111 each, raising Rs. 5.55 Cr through preferential issuance. The allotment is made to non-promoter entities, with a 25% upfront payment of Rs. 27.75 per Warrant received. Each Warrant can be converted into one equity share within 18 months upon payment of the remaining Rs. 83.25. Although Warrants have been allotted, there is no immediate change to the paid-up equity share capital.