Finkurve Financial Services sets July record dates for NCD interest

1 min read     Updated on 01 Jul 2026, 03:53 AM
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Finkurve Financial Services has fixed record dates in July 2026 for interest payments on various NCD series. The schedule includes monthly and quarterly payments, with due dates extending to August 14, 2026.

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Finkurve Financial Services has announced record dates in July 2026 for the payment of interest on its Non-Convertible Debentures (NCDs). The company fixed these dates pursuant to Regulation 60 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record dates vary between July 11 and July 30, 2026, with corresponding interest due dates scheduled from July 26 to August 14, 2026.

The disclosure covers six specific ISINs, with payment frequencies ranging from monthly to quarterly. The company confirmed that interest will be disbursed to holders whose names appear in the Statement of Beneficiary Position provided by depositories as of the respective record dates. Kajal Parmar, Company Secretary & Compliance Officer, filed the intimation with the exchanges.

Record Date and Payment Schedule

ISIN Scrip Code Frequency Record Date Due Date
INE734I07073 977547 Monthly July 28, 2026 August 12, 2026
INE734I07040 977315 Monthly July 17, 2026 August 01, 2026
INE734I07057 977317 Monthly July 17, 2026 August 01, 2026
INE734I07065 977427 Monthly July 23, 2026 August 07, 2026
INE734I07099 977665 Monthly July 11, 2026 July 26, 2026
INE734I07107 977788 Quarterly July 30, 2026 August 14, 2026

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.83%-6.00%-10.74%-27.52%-45.71%-45.71%

How will the scheduled interest payments impact Finkurve's cash flow and liquidity position in the third quarter of 2026?

What are the current yield spreads for these NCDs compared to similar debt instruments in the market?

Does the company have sufficient capital reserves to meet these obligations without raising additional debt?

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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
-0.83%-6.00%-10.74%-27.52%-45.71%-45.71%

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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1 Year Returns:-45.71%