Finkurve Financial Services Limited Confirms Interest Payment for Non-Convertible Debentures

1 min read     Updated on 01 May 2026, 08:15 AM
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Finkurve Financial Services Limited has confirmed interest payments totaling Rs. 41,63,670.01 for two Non-Convertible Debentures (NCDs) with ISINs INE734I07040 and INE734I07057. Payments were made on April 29, 2026, ahead of the May 1, 2026 due date, under Regulation 57 of SEBI Listing Obligations Regulations. Both NCDs carry monthly interest payment frequency with issue sizes of Rs. 20,00,00,000 and Rs. 30,00,00,000 respectively.

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Finkurve Financial Services Limited has certified that interest payments for two Non-Convertible Debentures (NCD) issues have been duly made to all concerned NCD holders before the due date, in compliance with Regulation 57 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company submitted the intimation to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026, confirming that payments were made as per the terms mentioned in the Term Sheet.

Interest Payment Details

The company made interest payments for two NCD issues on April 29, 2026, ahead of the scheduled due date of May 1, 2026. The interest payment record date was April 16, 2026, while the last interest payment was made on March 31, 2026. Both NCD issues carry monthly interest payment frequency with no changes reported in the payment schedule.

Sr. No. Particulars ISIN INE734I07040 ISIN INE734I07057
1 Issue Size Rs. 20,00,00,000 Rs. 30,00,00,000
2 Interest Amount Paid Rs. 16,67,093.01 Rs. 24,96,577.00
3 Interest Payment Record Date April 16, 2026 April 16, 2026
4 Due Date for Interest Payment May 01, 2026 May 01, 2026
5 Actual Date of Interest Payment April 29, 2026 April 29, 2026
6 Frequency Monthly Monthly
7 Last Interest Payment Date March 31, 2026 March 31, 2026

Payment Certification

The total interest amount paid across both NCD issues stood at Rs. 41,63,670.01. The amounts mentioned are net after deduction of Tax Deducted at Source (TDS). The company confirmed that there were no delays in payment and no reasons for non-payment were applicable. Kajal Parmar, Company Secretary & Compliance Officer of Finkurve Financial Services Limited, signed the certification on April 30, 2026.

Redemption Status

The company stated that there were no redemptions applicable for the reporting period. All redemption-related parameters including type of redemption, quantity redeemed, redemption dates, and amounts redeemed were marked as Not Applicable in the submission to the stock exchanges.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.22%-0.87%+29.13%-37.42%-36.74%-36.74%

Will Finkurve Financial Services consider issuing additional NCD series to expand its debt financing given the successful servicing of current obligations?

How might the company's consistent early payment track record impact its credit rating and future borrowing costs?

What strategic investments or business expansion plans could Finkurve pursue with the capital raised from these Rs. 50 crore NCDs?

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Finkurve Financial Services Corrects Pledge Release Disclosure Data After Exchange Query

2 min read     Updated on 01 May 2026, 03:50 AM
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Finkurve Financial Services submitted revised pledge release disclosures correcting significant data errors in promoter shareholding information. The company corrected encumbered shares from 90.75 lakh to 1.5 crore shares and percentage from 6.48% to 10.71% following exchange queries on the original April 08, 2026 filing.

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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.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-2.22%-0.87%+29.13%-37.42%-36.74%-36.74%

Will the significant reduction in pledged shares from 10.71% to 4.23% improve Finkurve's credit rating or borrowing capacity?

What strategic initiatives might Ketan Kothari pursue with the 9.07 crore shares now freed from pledge restrictions?

How will stock exchanges enhance their disclosure monitoring systems to prevent similar data errors in future filings?

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1 Year Returns:-36.74%