Akme Fintrade (India) Limited — Others, 11-11-2024: Monitoring Agency Report

Akme Fintrade (India) Limited has announced a board meeting to discuss the Monitoring Agency Report for the quarter and half-year ended 30th September 2024. The report from Acuité Ratings confirms that there were no deviations in the utilization of proceeds from their recent equity share public issue, totaling ₹132 crore. Of this amount, ₹72 crore has been utilized, with the remaining ₹60 crore deposited in fixed deposits, earning ₹1.2 crore in interest for the quarter. The report suggests a stable financial position without any material risk to shareholder interests, potentially fostering a positive outlook among investors.