StockWatch
·
Non Banking Financial Company (NBFC)
Regulatory13 Aug 2026, 12:54 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 as per the offer document for the quarter ended June 30, 2026. The company stated there is no material deviation from the stated objects. The Audit Committee reviewed and noted this declaration on August 13, 2026. A portion of the funds (₹30 crore) from share warrants is yet to be received.

Key Highlights

  • No material deviation in the use of preferential issue proceeds.
  • Funds raised totaling ₹141.50 Crore were used for stated objects.
  • Audit Committee reviewed and noted the declaration.
  • ₹30 crore from share warrants subscription is yet to be received.