Finkurve Financial Services pays ₹55.41 lakh interest on NCDs

1 min read     Updated on 30 Jun 2026, 03:00 AM
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Finkurve Financial Services paid ₹55.41 lakh interest on NCDs on June 29, 2026, ahead of the June 30 due date. The payment was made quarterly for an issue size of ₹21 crore with ISIN INE734I07032.

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finkurve financial services has paid an interest amount of ₹55,40,730 on its Non-Convertible Debentures (NCDs) ahead of the scheduled due date. The payment was made on June 29, 2026, one day prior to the due date of June 30, 2026. This disbursement covers the quarterly interest obligation for the instrument identified by the ISIN INE734I07032.

The company confirmed that the interest was duly paid to all concerned NCD holders in accordance with the terms mentioned in the term sheet. The payment represents the net amount after the deduction of Tax Deducted at Source (TDS). The record date for determining the eligibility of holders for this interest payment was June 15, 2026.

The total issue size for the NCD series stands at ₹21 crore. The previous interest payment for this instrument was made on March 25, 2026. There was no change in the frequency of the payment, which remains quarterly. The company stated that there were no delays or reasons for non-payment associated with this transaction.

Details of the payment were submitted to the stock exchanges pursuant to Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed by Kajal Parmar, Company Secretary & Compliance Officer of Finkurve Financial Services.

Interest Payment Details

Sr. No. Particulars Details
1. ISIN INE734I07032
2. Issue Size ₹21,00,00,000
3. Interest Amount Paid ₹55,40,730
4. Frequency Quarterly
5. Record Date June 15, 2026
6. Due Date June 30, 2026
7. Actual Payment Date June 29, 2026
8. Last Interest Payment Date March 25, 2026

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.33%-8.12%-2.03%-37.83%-43.42%-43.42%

How will this early payment impact Finkurve Financial Services' credit rating and investor confidence for future debt issuances?

Does the early disbursement indicate an improvement in the company's operating cash flow or liquidity position for the current fiscal year?

What are the implications of the net interest payout after TDS on the effective yield for NCD holders compared to previous quarters?

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Finkurve Financial Services raises ₹50 crore via NCDs at 11.55%

1 min read     Updated on 26 Jun 2026, 06:03 AM
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Finkurve Financial Services Limited has approved a proposal to raise ₹50 crore through the issuance of secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The board meeting, held on June 25, 2026, sanctioned the issuance of 5,000 NCDs with a face value of ₹1,00,000 each, carrying a coupon rate of 11.55% per annum. The debt instruments have a tenure of 33 months and 19 days, with a maturity date set for April 17, 2029. The board also appointed Mr. Raju Bipinkumar Shah as Chief Risk Officer and Mr. Husain Mohammed Pittalwala as Compliance Head.

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Finkurve Financial Services Limited has approved a proposal to raise ₹50 crore through the issuance of secured, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The board meeting, held on June 25, 2026, sanctioned the issuance of 5,000 NCDs with a face value of ₹1,00,000 each, carrying a coupon rate of 11.55% per annum. 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, to ensure wider participation and transparent price discovery.

The debt instruments have a tenure of 33 months and 19 days, with a maturity date set for April 17, 2029. Interest payments will be made quarterly, commencing from September 28, 2026. The NCDs will be secured by a first-ranking, exclusive, and continuous charge on identified receivables by way of hypothecation in favor of the Debenture Trustee. The issue is proposed to be listed on BSE Limited, providing an exit route for investors.

Key Details of the Fundraising Proposal

Parameter Details
Instrument Non-Convertible Debentures (NCDs)
Aggregate Amount ₹50 crore
Face Value ₹1,00,000 per NCD
Issue Price ₹1,00,000 per NCD
Coupon Rate 11.55% per annum
Tenor 33 months and 19 days
Maturity Date April 17, 2029
Mode of Issue Private Placement via Electronic Bidding Platform (EBP)

In addition to the capital raising initiative, the board appointed two senior management personnel based on the recommendations of the Nomination & Remuneration Committee. Mr. Raju Bipinkumar Shah was appointed as the Chief Risk Officer (CRO) effective June 25, 2026, bringing over 21 years of experience in risk management and credit administration. Mr. Husain Mohammed Pittalwala was appointed as the Compliance Head, effective June 29, 2026, with expertise in regulatory compliance and corporate governance.

The regulatory filing was signed by Kajal Parmar, Company Secretary & Compliance Officer of Finkurve Financial Services Limited. The meeting was conducted in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE734I01027/a9860f8b74484c65.pdf

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.33%-8.12%-2.03%-37.83%-43.42%-43.42%

How will the newly raised ₹50 crore be allocated across Finkurve's business segments?

What impact will the new CRO and Compliance Head appointments have on the company's risk governance framework?

Will the high coupon rate of 11.55% affect Finkurve's cost of capital and future borrowing strategies?

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