Finkurve Financial Services approves director appointment and RPT modification
Finkurve Financial Services Limited shareholders approved the appointment of Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director and the modification of material related party transactions (RPTs) through a postal ballot process. The resolutions were passed with a requisite majority, as detailed in the scrutinizer's report dated July 08, 2026. The approvals allow the company to induct Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director and proceed with modifications to loan acceptance agreements with related parties.
*this image is generated using AI for illustrative purposes only.
Finkurve Financial Services Limited shareholders have approved the appointment of a new director and the modification of material related party transactions (RPTs) through a postal ballot process. The resolutions were passed with a requisite majority, as detailed in the scrutinizer's report dated July 08, 2026. The approvals allow the company to induct Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director and proceed with modifications to loan acceptance agreements with related parties.
The postal ballot voting was conducted via remote e-voting, which commenced on June 08, 2026, and concluded on July 07, 2026. Mayank Arora & Co., Company Secretaries, served as the scrutinizer for the process. The company had 3,476 shareholders as on the record date of June 04, 2026. The votes were unblocked on July 08, 2026, in the presence of two independent witnesses, Ms. Nishita Gandhi and Mr. Pranay Gaikar.
The first resolution sought the appointment of Mr. Rajendran Chinna Veerappan (DIN: 00460061). A total of 79,165,580 votes were polled, with 79,165,545 votes in favour and 35 votes against, representing 99.99% approval. The promoter group, holding 78,767,700 shares, voted entirely in favour of the appointment. Public non-institutional shareholders also supported the resolution with 397,845 votes in favour.
The second resolution concerned the modification of material related party transactions pertaining to the acceptance of loans from related parties. This resolution received 9,441,141 votes in favour and 839 votes against, amounting to 99.99% approval from the valid votes polled. The scrutinizer noted that votes cast by related parties were not considered in the final tally for this specific resolution. The promoter group participated with 9,044,100 votes in favour, while public non-institutional shareholders cast 397,041 votes in favour and 839 against.
Voting Summary
| Resolution | Votes For | Votes Against | % For | % Against |
|---|---|---|---|---|
| Appointment of Director | 79,165,545 | 35 | 99.99 | 0.01 |
| Modification of RPTs | 9,441,141 | 839 | 99.99 | 0.01 |
The company confirmed that the results would be announced within two working days of the e-voting conclusion and uploaded to its website and the exchanges. Kajal Parmar, Company Secretary & Compliance Officer, filed the compliance report with BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Finkurve Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.38% | -8.29% | -0.97% | -32.95% | -43.62% | -43.62% |
What strategic expertise will Mr. Rajendran Chinna Veerappan bring to the board in his capacity as a Non-Executive, Non-Independent Director?
How will the modifications to the loan acceptance agreements with related parties impact Finkurve Financial Services' liquidity and leverage ratios?
What specific terms or limits were adjusted in the modified related party transactions, and how do they align with corporate governance best practices?
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