Finkurve Financial Services Promoter Releases Pledge on 59.25 Lakh Equity Shares
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.

*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































