finkurve financial services will hold a board meeting on June 15, 2026, to consider raising funds aggregating up to Rs 100 crore through the issuance of Non-Convertible Debentures (NCDs). The proposed debentures will have a face value and issue price of Rs 10,000 each and will be issued via private placement using the Electronic Bidding Platform (EBP). The decision aims to bolster the company's capital structure through debt instruments.

Board Meeting Details

The meeting of the Board of Directors is scheduled pursuant to regulations 29(1)(d) and 50(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda item is the approval for raising the specified funds.

Proposed Fundraising Structure

The company plans to issue NCDs on a private placement basis. The key details of the instrument are outlined below:

Finkurve Financial Services Limited has dispatched its postal ballot notice to shareholders seeking approval for the regularization of Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director and to revise the loan limit from M/s. Aranath Real Estate Private Limited to ₹200 crore. The company aims to meet increased funding requirements and strengthen its liquidity position through this revision, which includes the principal loan and interest outstanding. The transaction will be unsecured and on an arm's length basis.

The Board of Directors approved the issuance of the notice on June 3, 2026. The online dispatch of the postal ballot notice was completed on June 5, 2026, via email to members registered as on the cut-off date of June 4, 2026. Mr. Mayank Arora, Partner of M/s. Mayank Arora & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to oversee the e-voting process provided by National Securities Depository Limited (NSDL). The company also published newspaper advertisements in the Financial Express and Dainik Nalanda Express on June 6, 2026, to inform members about the dispatch.

Mr. Rajendran Chinna Veerappan, who holds DIN 00460061, was appointed as an Additional Director effective April 24, 2026. He brings over 44 years of experience in the banking and financial services sector, having previously served as CEO of CSB Bank, Chairman and Managing Director of Andhra Bank, and CEO of the Association of Mutual Funds in India (AMFI). The company confirmed that he holds no relationship with other directors and has no shareholding in the company.

The approval for the related party transaction is sought pursuant to Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period is scheduled from June 7, 2026, to July 6, 2026. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period and will be uploaded on the company's website and the stock exchanges.

Key Details of Postal Ballot

Related Party Transaction Details