Finkurve Financial Services Limited has scheduled a board meeting for June 24, 2026, to consider and approve a proposal to raise funds aggregating up to ₹50 crore through the issuance of Non-Convertible Debentures (NCDs). The company intends to issue these debt instruments via private placement using the Electronic Bidding Platform (EBP) to ensure wider participation and price discovery. This capital raising initiative is aimed at bolstering the company's financial resources for its operations.

The proposed NCDs will carry a face value of ₹1,00,000 each, with the issue price set at ₹1,00,000 per debenture. The decision to raise funds through this debt instrument follows the regulatory framework prescribed for listed entities. The meeting was convened in compliance with regulations 29(1)(d) and 50(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Fundraising Proposal

The board's agenda focuses on the specific parameters of the NCD issue. The use of the Electronic Bidding Platform indicates a structured approach to the private placement process.

The intimation regarding the board meeting was submitted to both BSE Limited and the National Stock Exchange of India Limited to ensure regulatory compliance. The company's scrip code on the BSE is 508954, and it trades under the symbol FINKURVE on the NSE.

Kajal Parmar, Company Secretary & Compliance Officer of Finkurve Financial Services Limited, signed the regulatory filing on June 18, 2026, confirming the agenda for the upcoming board meeting.

Finkurve Financial Services has approved raising up to ₹100 crore through the issuance of secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Board of Directors granted approval at its meeting held on June 15, 2026, finalizing the instrument's structure, including a coupon rate of 11.33% and a maturity period of 24 months. The funds will be raised via the Electronic Bidding Platform (EBP) under the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Instrument Details

The debentures will have a face value and issue price of ₹10,000 each. The total issue size comprises a base issue of ₹50 crore and a green shoe option of ₹50 crore. The securities are rated, listed, senior, and secured, backed by a first-ranking charge on identified receivables. The issue is proposed to be listed on BSE Limited.

Key Dates and Payments

Interest will be paid quarterly, commencing from September 16, 2026. The final interest installment along with the principal repayment is scheduled for June 16, 2028, which also serves as the maturity date. The deemed date of allotment is June 16, 2026. In the event of a delay in payment of interest or principal beyond three months, the company will pay an additional 2% per annum over the coupon rate.

The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kajal Parmar, Company Secretary & Compliance Officer, signed the regulatory filing on June 15, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE734I01027/fa2acd3b29384df3.pdf