Finkurve Financial Services Makes Timely Interest Payment on Non-Convertible Debentures

1 min read     Updated on 23 Apr 2026, 02:20 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Finkurve Financial Services Limited successfully completed its monthly interest payment of Rs. 23,39,190.42 on Non-Convertible Debentures on April 22, 2026, four days ahead of the due date. The payment was made for NCDs with ISIN INE734I07099 having an issue size of Rs. 25,00,00,000, with the record date being April 11, 2026. The company maintained compliance with SEBI regulations and demonstrated timely debt servicing to all NCD holders.

powered bylight_fuzz_icon
38436622

*this image is generated using AI for illustrative purposes only.

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.

Parameter Details
ISIN INE734I07099
Issue Size Rs. 25,00,00,000
Interest Amount Paid Rs. 23,39,190.42
Payment Frequency Monthly
Record Date April 11, 2026
Due Date April 26, 2026
Actual Payment Date April 22, 2026

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.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.81%+0.51%+20.86%-41.66%-39.67%-39.67%

Will Finkurve Financial Services consider issuing additional NCDs given their strong debt servicing track record?

How might the company's early payment strategy impact its credit rating and future borrowing costs?

What are Finkurve's plans for refinancing or redeeming these NCDs upon maturity?

Finkurve Financial Services
View Company Insights
View All News
like19
dislike

Finkurve Financial Services Promoter Releases Pledge on 59.25 Lakh Equity Shares

2 min read     Updated on 14 Apr 2026, 01:31 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Finkurve Financial Services disclosed that promoter Ketan Kothari released a pledge on 59,25,000 equity shares on April 13, 2026. The shares were previously pledged to Muthoot Exim Private Limited for third-party obligations. Following the release, Ketan Kothari maintains 18.23% shareholding with zero encumbered shares, while other promoters continue to hold their respective stakes without any encumbrances.

powered bylight_fuzz_icon
37225611

*this image is generated using AI for illustrative purposes only.

Finkurve Financial Services Limited has disclosed the release of pledge on 59,25,000 equity shares held by promoter Ketan Kothari on April 13, 2026. The announcement was made through regulatory filings to both BSE Limited and National Stock Exchange of India Limited, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Pledge Release Details

The released shares were previously pledged in favor of Muthoot Exim Private Limited. Promoter Ketan Bhawarlal Kothari submitted his declaration from Mumbai on April 14, 2026, confirming the release of the pledge that was created for third-party obligations. The disclosure was made pursuant to Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Parameter: Details
Shares Released: 59,25,000 equity shares
Release Date: April 13, 2026
Reporting Date: April 14, 2026
Previously Pledged To: Muthoot Exim Private Limited
Reason for Release: Release towards third Party Pledge
Type of Encumbrance: Pledge

Promoter Holdings Overview

Following the pledge release, the promoter shareholding structure shows Ketan Kothari maintaining a significant stake in the company. The detailed disclosure reveals the current holdings of all promoters and their encumbrance status post the release event.

Promoter Name: Total Holdings % of Share Capital Remaining Encumbered Shares % Encumbered
Ketan B Kothari: 25531337 18.23% 0 0.00%
Mohinidevi Bhanwarlal Kothari: 40502993 28.92% 0 0%
Kalawati Prithviraj Kothari: 9044100 6.46% 0 0%
Namita Ketan Kothari: 1806000 1.29% 0 0%
Devkumari Manekchand Kothari: 1483270 1.06% 0 0%
Bhavana Ashwin Bafna: 402500 0.29% 0 0%

Regulatory Compliance

The pledge release was disclosed in accordance with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal declaration was digitally signed by Ketan Bhawarlal Kothari and submitted to both stock exchanges where the company's shares are listed. Company Secretary Kajal Parmar coordinated the regulatory filing process on behalf of the company.

The company maintains transparency in its corporate governance practices by promptly disclosing material changes in promoter shareholding patterns. All relevant documentation has been submitted to the stock exchanges and made available for stakeholder reference through proper regulatory channels and the company's website.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.81%+0.51%+20.86%-41.66%-39.67%-39.67%

What strategic initiatives might Finkurve Financial Services pursue now that promoter shares are completely unencumbered?

Will the release of pledge constraints enable the promoters to consider stake monetization or additional equity fundraising?

How might this improved promoter balance sheet flexibility impact the company's credit rating and borrowing costs?

Finkurve Financial Services
View Company Insights
View All News
like19
dislike

More News on Finkurve Financial Services

1 Year Returns:-39.67%