Finkurve Financial Services Promoter Releases Pledge on 90.75 Lakh Equity Shares
Finkurve Financial Services disclosed the release of pledge on 90,75,000 equity shares by promoter Ketan Kothari on April 08, 2026. The shares were previously pledged to Muthoot Exim Private Limited for third-party obligations. Post-release, Ketan Kothari maintains 18.23% shareholding with 4.23% remaining encumbered shares, while other promoters hold unencumbered stakes.

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Finkurve Financial Services Limited has disclosed the release of pledge on 90,75,000 equity shares held by promoter Ketan Kothari on April 08, 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, 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: | 90,75,000 equity shares |
| Release Date: | April 08, 2026 |
| Previously Pledged To: | Muthoot Exim Private Limited |
| Reason for Release: | Third Party Pledge Release |
| 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% | 5925000 | 4.23% |
| 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.
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.
Historical Stock Returns for Finkurve Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +11.32% | -2.47% | -47.01% | -45.01% | -45.01% |
What strategic initiatives might Finkurve Financial Services pursue with the improved financial flexibility from reduced pledge obligations?
How will the remaining 4.23% encumbered shares of Ketan Kothari impact the company's future fundraising capabilities?
Could this pledge release signal potential changes in the promoter group's long-term ownership strategy or succession planning?


































