Akme Fintrade (India) Limited has received sanction for a term loan facility from Indian Overseas Bank. The loan amount is ₹50,00,00,000 (Rupees Fifty Crores only).
The disclosure was made to both National Stock Exchange of India Limited (NSE) and BSE Limited on October 26, 2026. The intimation appears to be made under SEBI Listing Regulations requirements.
The loan sanction represents a significant financing arrangement for the company, though the specific purpose or utilization of the loan proceeds is not detailed in the disclosure. The financial impact of this borrowing on the company's capital structure and debt profile is material given the substantial amount involved.
The disclosure was digitally signed and submitted by Manoj Kumar Choubisa, who serves as the Company Secretary and Compliance Officer of Akme Fintrade (India) Limited. His membership number is A66176.
The company noted that this information is also available on their corporate website at www.akmefintrade.com.