Finkurve Financial Services Board Meeting Scheduled on May 13, 2026 to Consider NCD Issuance via Private Placement

Finkurve Financial Services has notified the stock exchanges of an upcoming board meeting scheduled for Wednesday, May 13, 2026. The meeting has been convened, among other matters, to consider and approve the raising of funds through the issuance of Non-Convertible Debentures (NCDs) via private placement. The intimation was made pursuant to Regulations 29(1)(d) and 50(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting to Consider NCD Issuance

The proposed NCDs are structured with both a face value and an issue price of INR 10,000 per debenture. The issuance is planned to be conducted through private placement via the Electronic Bidding Platform (EBP). The key details of the proposed NCD issuance are outlined below:

Parameter:	Details
Board Meeting Date:	Wednesday, May 13, 2026
Instrument Type:	Non-Convertible Debentures (NCDs)
Face Value per Debenture:	INR 10,000
Issue Price per Debenture:	INR 10,000
Mode of Issuance:	Private Placement via Electronic Bidding Platform (EBP)
Regulatory Basis:	SEBI LODR Regulations 29(1)(d) and 50(1)(d)

Regulatory Filing Details

The intimation was dated May 08, 2026, and was addressed to the Listing Department of BSE Limited and the Compliance Department of the National Stock Exchange of India Limited. The filing was signed and submitted by Kajal Parmar, Company Secretary and Compliance Officer of Finkurve Financial Services, holding Membership No. A65484.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.87%	-3.99%	+12.09%	-35.32%	-39.27%	-39.27%

Finkurve Financial Services has submitted a revised disclosure to stock exchanges regarding the release of pledge against shares held by promoter Ketan Bhawarlal Kothari. The correction addresses significant data errors identified by the exchanges in the company's original April 08, 2026 filing under SEBI takeover regulations.

Disclosure Correction Details

The company acknowledged substantial errors in its initial submission, where critical shareholding data was incorrectly reported. Company Secretary Kajal Kunal Parmar informed both BSE Limited and National Stock Exchange that the number of shares in the "Promoter holding already encumbered" column was inadvertently mentioned as 90,75,000 instead of 1,50,00,000. Consequently, the percentage in the said column was mentioned as 6.48% instead of 10.71%.

Parameter:	Incorrect Data	Correct Data
Encumbered Shares:	90,75,000	1,50,00,000
Percentage:	6.48%	10.71%

Pledge Release Transaction

The revised disclosure confirms that promoter Ketan B Kothari released 90,75,000 equity shares from pledge with Muthoot Exim Private Limited on April 08, 2026. This transaction was described as "Release towards third Party Pledge" in the regulatory filing submitted on April 30, 2026.

Shareholding Details:	Before Release	After Release
Total Holding:	25,531,337 shares (18.23%)	25,531,337 shares (18.23%)
Encumbered Shares:	15,000,000 shares (10.71%)	5,925,000 shares (4.23%)
Released Shares:	-	9,075,000 shares (6.48%)

Promoter Group Holdings

The disclosure provides comprehensive details of all promoter holdings in Finkurve Financial Services. The promoter group includes several family members with varying shareholdings as of the reporting date:

Promoter Name:	Shareholding	Percentage
Mohinidevi Bhanwarlal Kothari:	40,502,993 shares	28.92%
Ketan B Kothari:	25,531,337 shares	18.23%
Kalawati Prithviraj Kothari:	9,044,100 shares	6.46%
Namita Ketan Kothari:	1,806,000 shares	1.29%
Devkumari Manekchand Kothari:	1,483,270 shares	1.06%
Bhavna Ashwin Bafna:	402,500 shares	0.29%

Regulatory Compliance

The revised submission was made pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Both the company and the promoter submitted separate but coordinated disclosures on April 30, 2026, to ensure complete regulatory compliance. The correction followed queries from stock exchanges regarding discrepancies in the original filing, demonstrating the exchanges' active monitoring of disclosure accuracy.