Finkurve Financial Services Promoter Releases Pledge on 59.25 Lakh Equity Shares

2 min read     Updated on 14 Apr 2026, 01:31 PM
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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.

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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
-0.24%+5.11%+28.87%-37.93%-36.87%-36.87%

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?

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Finkurve Financial Services Submits Q4FY26 Depository Compliance Certificate to Stock Exchanges

1 min read     Updated on 07 Apr 2026, 11:27 AM
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Finkurve Financial Services Limited submitted its mandatory Q4FY26 compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to BSE and NSE on April 07, 2026. The certificate from registrar MUFG Intime India Private Limited confirms proper handling of dematerialized securities during the quarter ended March 31, 2026, including timely processing, verification procedures, and updating of member registers as per regulatory requirements.

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Finkurve Financial Services Limited has filed its quarterly compliance certificate with BSE and NSE for the quarter and financial year ended March 31, 2026. The submission fulfills the mandatory requirement under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The certificate was submitted on April 07, 2026, by Company Secretary and Compliance Officer Kajal Parmar (Membership No. ACS 65484). The filing includes documentation from the company's registrar and share transfer agent confirming proper handling of dematerialized securities during the reporting period.

Filing Details: Information
Reporting Period: Quarter and Financial Year ended March 31, 2026
Filing Date: April 07, 2026
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Filed By: Kajal Parmar, Company Secretary & Compliance Officer

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) issued the compliance certificate on April 3, 2026. The registrar confirmed that securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories.

Key Confirmations by Registrar:

  • Securities received for dematerialization were confirmed (accepted/rejected) to depositories within prescribed timelines
  • Security certificates comprised in dematerialization requests have been listed on stock exchanges where earlier issued securities are listed
  • Security certificates received were mutilated and cancelled after due verification by depository participants
  • Names of depositories have been substituted in the register of members as registered owners

Stock Exchange Communication

The compliance certificate was submitted to both major Indian stock exchanges where Finkurve Financial Services shares are listed. The company requested both exchanges to take note of the submission in their records.

Exchange Details: Information
BSE Scrip Code: 508954
NSE Symbol: FINKURVE
Registrar: MUFG Intime India Private Limited
Certificate Issued: April 3, 2026

The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, confirming the registrar's compliance with depository regulations during the quarter ended March 31, 2026.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.24%+5.11%+28.87%-37.93%-36.87%-36.87%

Will Finkurve Financial Services maintain its dual listing status on both BSE and NSE given the ongoing compliance requirements?

How might the transition from Link Intime to MUFG Intime India as registrar impact Finkurve's future share transfer operations?

What strategic initiatives is Finkurve planning for FY2027 following the completion of their FY2026 regulatory filings?

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1 Year Returns:-36.87%