Finkurve Financial Services Ltd

Finkurve Financial Services Ltd has filed its Annual Report for the Financial Year 2025-2026. The report includes details on the company's performance, corporate governance, and management discussions. The company is also providing an e-voting facility for members to cast their votes electronically on resolutions at the upcoming Annual General Meeting (AGM). The e-voting period will commence on Sunday, September 27, 2026, at 09:00 A.M (IST) and conclude on Tuesday, September 29, 2026, at 05:00 P.M (IST). The report also lists key corporate information, including BSE and NSE scrip codes, CIN, Board of Directors, Key Managerial Personnel, Auditors, Bankers, Registered Office, and Registrar & Share Transfer Agents.

Finkurve Financial Services Ltd has announced the date for its 42nd Annual General Meeting (AGM), scheduled for Wednesday, September 30, 2026, at 3 p.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Additionally, the company has set Wednesday, September 23, 2026, as the cut-off date for determining which members are eligible to attend and vote at the AGM. This intimation serves to inform stakeholders about these crucial dates.

Finkurve Financial Services Ltd has announced its 42nd Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 3:00 PM IST. The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio Visual Means (OAVM), with no physical presence of members. Key agenda items include the adoption of the Audited Financial Statements for the year ended March 31, 2026, the re-appointment of Mr. Ketan Bhawarlal Kothari as a Director, and the approval of material related party transactions concerning the grant of loans to related parties from the conclusion of the 42nd AGM until the conclusion of the 43rd AGM in 2027. The notice also includes instructions for e-voting.

Finkurve Financial Services Ltd held a Board Meeting on September 1, 2026. The board approved the Annual Report and Director's Report for the financial year 2025-26. They also decided the date, time, and cut-off date for the 42nd Annual General Meeting (AGM) and its e-voting process. Additionally, M/s. Mayank Arora & Co. was appointed as Practicing Company Secretaries to conduct the scrutinizer process for the AGM.

Finkurve Financial Services Ltd has announced that its Board of Directors will convene on September 1, 2026. The meeting agenda includes the consideration and approval of the Annual Report and Director's Report for the financial year 2025-26. Additionally, the board will decide on the date, time, and draft notice for the 42nd Annual General Meeting (AGM), and set the cut-off date for e-voting. The appointment of M/s. Mayank Arora & Co. as Practicing Company Secretaries to conduct the scrutinizer process is also on the agenda. Any other business with the chairman's permission may also be discussed.

Finkurve Financial Services Ltd. reported a strong Q1 FY27 performance, with Assets Under Management (AUM) surging 134.5% year-on-year to INR 1,270.4 Cr. Total income grew by 89.37% YoY to INR 75.82 Cr, and Profit After Tax (PAT) increased by 65.8% YoY to INR 8.44 Cr. The company expanded its branch network to 118 from 83 branches YoY. Key highlights include onboarding Franklin Templeton as an AIF investor and strengthening the board and risk management leadership. The company maintained healthy asset quality with Gross NPA at 0.54% and a Capital Adequacy Ratio of 26.6%.

Finkurve Financial Services Ltd has filed the Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from a Preferential Issue of Equity Shares and Share Warrants. The issue proceeds were revised from ₹157.11 crores to ₹141.50 crores due to undersubscription. The report confirms that the utilization of proceeds is in line with the objects of the issue, with no deviations noted. The draft report was reviewed by the Audit Committee and taken on record by the Board of Directors.

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.

Finkurve Financial Services Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The board also approved a Security Cover Certificate, statements on the utilization of issue proceeds for preferential issues and non-convertible securities, and material related party transactions. Additionally, approvals were granted for the power to borrow up to ₹5000 Crore, increased thresholds for loans and investments, the issue of Non-Convertible Debentures, and the continuation of a Non-Executive Independent Director's tenure post-75 years of age, all subject to shareholder approval. The meeting commenced at 10:31 AM and concluded at 12:09 PM IST.

Finkurve Financial Services' standalone total income rose 89.4% YoY (and 9.6% QoQ) to ₹75.82 Cr in Q1 FY27, with reported PAT of ₹8.44 Cr, up 65.8% YoY and 4.9% QoQ. Basic EPS was ₹0.60 versus ₹0.38 a year ago and ₹0.58 last quarter. However, the reported PAT growth is largely an artifact of provisioning: impairment/credit-loss charges fell to just ₹0.20 Cr this quarter from ₹4.78 Cr a year ago (and ₹7.10 Cr in Q4 FY26). Normalizing PBT for that swing puts underlying PBT down roughly 3% YoY and adjusted PAT down roughly 2% YoY — a materially different picture from the headline. Net profit margin (on total income) compressed to 11.13% from 12.72% a year ago and 11.62% last quarter, despite the topline surge. The revenue growth itself is core-lending-driven: interest income nearly tripled YoY, up 181% to ₹74.79 Cr, consistent with aggressive book scaling. Total revenue growth of 88.3% (on revenue from operations) actually understates this, because fee and commission income — an unusually elevated ₹13.24 Cr in the year-ago quarter — normalized to near-zero (₹0.06 Cr) this quarter, in line with the ₹0.16 Cr run-rate already seen in Q4 FY26. The year-ago base therefore included a one-off fee spike that flatters neither direction cleanly — it inflates the prior-year comparator even as the loan book itself grew sharply. Management gives no specific quarterly guidance in this filing; the only prior outlook on record is the FY27 target of 40-50% YoY AUM growth and long-term ROE/ROA goals of 17-18%/3.5-4%, none of which can be checked against this filing since AUM is not disclosed here. Asset quality stayed comfortable — gross NPA 0.54%, net NPA 0.48%, CRAR 26.63%, provision coverage 10.45% — consistent with management's stated 'disciplined, risk-adjusted growth' framing from the last call. During the quarter the company raised ₹199 Cr via NCDs (May-June 2026) and confirmed no deviation in use of the ₹141.50 Cr preferential-issue proceeds, of which ₹111.50 Cr has been utilised and ₹30 Cr (pending warrant subscription) is yet to be received; debt-equity stood at 2.88x. No street estimates for this quarter were found (small-cap, no visible analyst coverage), so vsStreet is marked unknown. What it sets up: whether the unusually low provisioning level persists or reverses in coming quarters will determine if the reported PAT growth rate holds once this base effect fades.