Finkurve Financial Services Ltd

Finkurve Financial Services Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) amounting up to ₹50 crore on a private placement basis. The NCDs will have a tenure of 33 months and 19 days, with a coupon rate of 11.55% payable quarterly. The company also approved the appointment of Mr. Raju Bipinkumar Shah as Chief Risk Officer and Mr. Husain Mohammed Pittalwala as Compliance Head. The funds raised will be utilized as per the company's financial needs.

Finkurve Financial Services Ltd has rescheduled its Board of Directors meeting to June 25, 2026. The meeting was originally set for June 24, 2026. The primary agenda remains to consider and approve the raising of funds up to ₹50 Crores. This will be achieved through the issuance of Non-Convertible Debentures (NCDs) with a face value and issue price of INR 1,00,000 each, via private placement through an Electronic Bidding Platform (EBP). This rescheduling is due to unavoidable circumstances. The company is seeking to comply with applicable Listing Regulations.

Finkurve Financial Services Ltd has announced that its Board of Directors will convene on June 24, 2026, to consider and approve a fundraising plan of up to ₹50 Crores. The funds will be raised through the issuance of Non-Convertible Debentures (NCDs) with a face value and issue price of INR 1,00,000 each, via private placement using an Electronic Bidding Platform (EBP). This move is in compliance with SEBI regulations.

Finkurve Financial Services Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis to raise up to ₹100 crore. The NCDs will be rated, listed, senior, secured, redeemable, and transferable, with a tenure of 24 months. The coupon rate is set at 11.33% per annum, payable quarterly. The issuance aims to raise funds via an electronic bidding platform and is scheduled for allotment on June 16, 2026, with maturity on June 16, 2028. The debentures will be secured by a first-ranking charge on identified receivables.

Finkurve Financial Services Ltd has announced that its Board of Directors will convene on June 15, 2026, to consider and approve a significant fundraising initiative. The company plans to raise up to ₹100 Crores by issuing Non-Convertible Debentures (NCDs) with a face value and issue price of ₹10,000 each. This issuance will be conducted through private placement via an Electronic Bidding Platform (EBP), in compliance with SEBI regulations.

Finkurve Financial Services Ltd announced that its Board of Directors, in a meeting held on June 3, 2026, approved the regularization of Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director, subject to shareholder approval. The board also approved modifications to certain Material Related Party Transactions concerning acceptance of loans from related parties. A postal ballot notice will be issued to seek member approval for these matters. Mr. Veerappan brings over 44 years of experience in banking and financial services, having held leadership roles at CSB Bank, Andhra Bank, and AMFI.

Finkurve Financial Services Ltd. reported audited financial results for the quarter and financial year ended March 31, 2026. Key highlights include a 149% YoY growth in Assets Under Management (AUM) reaching ₹1,096.1 cr, and a 105% YoY increase in Profit After Tax (PAT) for the quarter. The company's branch network expanded from 73 to 105 branches. Gross NPA stood at 0.13% and Net NPA at 0.09%. During the year, Finkurve raised ₹111.50 Cr, expanded its branch network, and got listed on NSE. They also entered into a co-lending partnership with Godrej Finance Limited.

Finkurve Financial Services Ltd declared that the proceeds from its preferential issue of equity shares and share warrants, raised on May 21 and May 27, 2025, totaling ₹141.50 Crore, were utilized for the purposes stated in the offer document. The company confirms no material deviation in the use of these funds for the quarter ended March 31, 2026. The Audit Committee reviewed and noted this statement on May 20, 2026.

Finkurve Financial Services Ltd's board meeting on May 20, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The results, along with unmodified audit reports from Ladha Singhal & Associates, are available on the company's website. The board also reviewed the security cover certificate, utilization of issue proceeds from preferential issues, and non-convertible securities.

Finkurve Financial Services Ltd's board meeting on May 20, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The statutory auditors, Ladha Singhal & Associates, issued an unmodified opinion on the financial statements. The board also reviewed the security cover certificate, utilization of issue proceeds from preferential issues, and non-convertible securities.