Finkurve seeks ₹5,000 crore borrowing limit at 42nd AGM
- Finkurve Financial Services held its 42nd AGM on September 30, 2026, via video conferencing
- Shareholders were asked to approve borrowing powers up to ₹5,000 crore
- Proposal includes issuing Non-Convertible Debentures on a private placement basis
- Approval sought for material related party transactions with Augmont Goldtech Private Limited
- Directorship of Himadri Bhattacharya proposed for continuation beyond age 75
*this image is generated using AI for illustrative purposes only.
Finkurve Financial Services Limited held its 42nd Annual General Meeting on September 30, 2026, seeking shareholder approval to borrow funds up to ₹5,000 crore. The company also proposed the issue of non-convertible debentures on a private placement basis.
The meeting was conducted via Video Conferencing/Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI directions. Chairman Ketan Kothari presided over the session, which commenced at 3:00 pm and concluded at 3:50 pm after allowing 30 minutes for e-voting completion. Statutory auditors M/s Ladha Singhal & Associates and secretarial auditors M/s Mayank Arora & Co attended remotely.
Key resolutions tabled
Shareholders considered several ordinary and special business items, including the adoption of audited financial statements for FY26 and the appointment of Ketan Kothari as a director liable to retire by rotation. Significant special resolutions focused on expanding the company's financial flexibility and governance continuity.
| Resolution | Type | Particulars |
|---|---|---|
| 6 | Special | Power to borrow funds up to ₹5,000 crore under Section 180(1)(c) of the Companies Act, 2013 |
| 7 | Special | Increase in threshold of loans, guarantees, securities, and investments under Section 186 |
| 8 | Special | Issue of Non-Convertible Debentures (NCDs) on private placement basis |
| 9 | Special | Continuation of directorship of Himadri Bhattacharya post attaining age 75 |
Related party transactions approved
The board sought approval for material related party transactions spanning from the conclusion of this AGM until the next annual general meeting in 2027. These transactions involve:
- Granting loans to related parties.
- Accepting loans from related parties.
- Making or receiving payments towards service fees, commission, and other charges to/from M/s Augmont Goldtech Private Limited.
Governance and audit updates
The independent auditor's report and the secretarial auditor's report contained no qualifications or adverse remarks. Consequently, members agreed to take both reports as read. The company secretary, Kajal Parmar, detailed the legal formalities and explained the remote e-voting facility provided through NSDL, which remained active for 30 minutes post-meeting.
Results of the voting are expected to be announced within two working days and will be communicated to stock exchanges and uploaded to the company website.
Historical Stock Returns for Finkurve Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.09% | -3.51% | -10.11% | +21.55% | -40.46% | -40.46% |
What specific expansion strategies or asset acquisitions will Finkurve fund with the newly approved ₹5,000 crore borrowing capacity?
How might the proposed private placement of Non-Convertible Debentures impact Finkurve's cost of capital and existing debt structure?
What are the potential regulatory implications of the expanded related party transactions with Augmont Goldtech Private Limited for future compliance?
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