Akme Fintrade (India) Limited has received formal approval from both BSE Limited and National Stock Exchange of India Limited (NSE) for the reclassification of a promoter group member. The approvals were received on June 17, 2026, through separate letters from both exchanges.
The reclassification concerns Akme Star Housing Finance Limited, which is being moved from the "Promoter Group" category to the "Public" category. According to the disclosed information, Akme Star Housing Finance Limited currently holds 0 shares in Akme Fintrade, representing 0% of the shareholding.
This approval follows the company's application submitted to both exchanges on April 22, 2026, seeking this reclassification. The approval has been granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Both exchanges have specified that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI LODR Regulations.
The approval letters from both BSE and NSE have been enclosed with the disclosure, and this information is also available on the company's website at www.akmefintrade.com.
Financial Impact
The disclosure specifically notes that Akme Star Housing Finance Limited holds 0 shares (0% stake), indicating no immediate financial impact on the company's capital structure or ownership distribution.