StockWatch
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Non Banking Financial Company (NBFC)
Corporate Governance5 Nov 2026, 07:42 pm

Finkurve Financial Services: No deviation in preferential issue proceeds

AI Summary

Finkurve Financial Services Ltd has declared that the proceeds from its Preferential Issue of Equity Shares and Share Warrants, raised on May 21, 2025, and May 27, 2025, totaling ₹141.50 Crore, were utilized for the purposes stated in the offer document. The company reported no material deviation in the use of these funds for the quarter ended September 30, 2026. The Audit Committee reviewed and noted this statement on November 5, 2026. Of the ₹141.50 Crore raised, ₹111.50 Crore has been utilized for onward lending and investment, with the remaining ₹30 Crore from share warrants subscription yet to be received by the company.

Key Highlights

  • No material deviation in preferential issue proceeds for Q3 FY27.
  • ₹141.50 Crore raised via preferential issue and warrants.
  • ₹111.50 Crore utilized for lending and investment.
  • Audit Committee reviewed and approved the fund utilization statement.
  • Remaining ₹30 Crore from warrants pending receipt.