Finkurve Financial Services Limited's Board of Directors has approved a significant fundraising initiative through Non-Convertible Debentures (NCDs) worth ₹35.00 crores. The board meeting held on December 30, 2025, which commenced at 11:00 a.m. and concluded at 11:35 a.m., approved the issuance under SEBI regulations for private placement via Electronic Bidding Platform.

NCD Issue Structure and Terms

The company will issue 35,000 Non-Convertible Debentures with specific financial parameters designed to attract investors seeking fixed-income securities.

Timeline and Maturity Details

The debentures follow a structured timeline with clear allotment and maturity schedules. The allotment date is set for December 31, 2025, with a tenure of 18 months and 7 days from the deemed date of allotment.

Security and Risk Features

The NCDs will be listed, rated, senior, secured, transferable, redeemable, and taxable instruments listed on BSE Limited. The debentures are secured by a first ranking, exclusive and continuous charge on identified receivables through hypothecation in favor of the Debenture Trustee.

Key security features include:

• First ranking charge on hypothecated assets
• Continuous security coverage throughout tenure
• Debenture Trustee protection for holders
• Default penalty of 2% per annum over coupon rate for delays exceeding three months

Regulatory Compliance and Platform

The fundraising initiative operates under Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The company has prepared and approved a Draft Letter of Offer for the private placement through Electronic Bidding Platform, ensuring compliance with SEBI circulars dated July 11, 2023, and July 13, 2023.

The board's decision reflects the company's strategic approach to raising capital through debt instruments while offering competitive returns to investors in the current market environment. The monthly interest payment structure provides regular income flow for debenture holders throughout the 18-month tenure.

Finkurve Financial Services Limited has successfully completed interest payments totaling ₹51.28 lakh on its Non-Convertible Debentures (NCDs) ahead of the scheduled due date. The company made the payment on December 29, 2025, three days before the January 1, 2026 due date, demonstrating its commitment to timely debt servicing.

Interest Payment Details

The company has made monthly interest payments on two separate NCD series with a combined issue size of ₹50 crores. The payment details are as follows:

Regulatory Compliance

The interest payment intimation was filed under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has certified that all interest payments have been duly made to concerned NCD holders before the due date as per the terms mentioned in the Term Sheet.

Payment Structure

Both NCD series follow a monthly interest payment frequency with no changes in the payment structure. The amounts paid represent net figures after deduction of Tax Deducted at Source (TDS). Company Secretary and Compliance Officer Kajal Parmar signed the regulatory filing confirming the completion of payments.

Upcoming Board Meeting

Separately, the company's Board of Directors is scheduled to meet on December 30, 2025, to consider additional fund raising through NCDs via private placement on Electronic Bidding Platform, with proposed face value and issue price of ₹10,000 per NCD.