Finkurve Financial Services Limited announced the outcome of its board meeting held on April 24, 2026, approving the allotment of equity shares under the Finkurve ESOP Plan 2018 and the appointment of an additional director. The decisions were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Share Allotment

The board approved the allotment of 93,500 equity shares with a face value of Re. 1 at an exercise price of Rs. 27 per share. The shares were allotted to two employees under the Finkurve ESOP Plan 2018:

The newly allotted shares rank pari-passu with the existing equity shares of the company. Following this allotment, the issued, subscribed, and paid-up capital increased from Rs. 14,00,50,488 to Rs. 14,01,43,988, representing 14,01,43,988 equity shares of Re. 1 each.

Appointment of Additional Director

Based on the recommendation of the Nomination & Remuneration Committee, the board appointed Mr. Rajendran Chinna Veerappan (DIN - 00460061) as an Additional Director (Non-Executive Non-Independent) effective April 25, 2026. The appointment is subject to approval by shareholders at the next general meeting or within three months from the date of appointment, whichever is earlier.

Mr. Rajendran Chinna Veerappan brings over 44 years of experience in the banking and financial services sector. His career includes leadership roles such as CEO of CSB Bank, Chairman and Managing Director of Andhra Bank, and CEO of the Association of Mutual Funds of India (AMFI). He has contributed significantly to institutions including NSE Clearing Corporation and Corp Bank Securities, and has participated in various high-level committees shaping banking and financial services policy in India.

Key Details

The ESOP shares were issued on April 24, 2026, with distinctive numbers ranging from 14,00,50,489 to 14,01,43,988. The ISIN number for the shares is INE734I01027. The board meeting was conducted from 4:30 p.m. to 5:50 p.m. on April 24, 2026.

Finkurve Financial Services Limited has completed its scheduled interest payment for Non-Convertible Debentures (NCDs) ahead of the due date, demonstrating its commitment to timely debt servicing. The company made the payment on April 22, 2026, four days before the scheduled due date of April 26, 2026.

Interest Payment Details

The company paid interest of Rs. 23,39,190.42 to NCD holders, representing the net amount after deduction of Tax Deducted at Source (TDS). The payment was made for NCDs with ISIN INE734I07099, which have a total issue size of Rs. 25,00,00,000.

Regulatory Compliance

The interest payment was made in accordance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024.

Finkurve Financial Services confirmed that all NCD holders received their interest payments as per the terms mentioned in the Term Sheet. The company reported no changes in the payment frequency and no delays or issues in the payment process.

Company Information

Finkurve Financial Services Limited operates under CIN L65990MH1984PLC032403 and maintains its registered office at Unit No. 1, Trade Garden, 1st Floor, Building No. A, Kamala Mills Compound, Lower Parel, Mumbai. The compliance disclosure was signed by Kajal Parmar, Company Secretary & Compliance Officer, on April 22, 2026.

The timely payment demonstrates the company's financial discipline and commitment to meeting its debt obligations to NCD holders on schedule.