Finkurve Financial Services Limited has intimated the stock exchanges of the timely payment of interest on its Non-Convertible Debentures (NCDs), in compliance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. The company confirmed that the interest payment was duly made to all concerned NCD holders before the due date, as per the terms mentioned in the Term Sheet. The disclosure was signed by Kajal Parmar, Company Secretary & Compliance Officer, on May 09, 2026.

Interest Payment Details

The interest was paid on a monthly frequency against NCDs with an issue size of Rs. 60,00,00,000 (Rupees Sixty Crores). The actual payment was made on May 08, 2026, four days ahead of the due date of May 12, 2026. The following table summarises the key details of the interest payment:

The net interest amount of Rs. 50,18,193.37 (Rupees Fifty Lakhs Eighteen Thousand One Hundred and Ninety-Three and Thirty-Seven paise) reflects the amount after deduction of applicable TDS. No change in the frequency of payment was reported, and no redemption activity was associated with this disclosure.

Redemption Status

The company confirmed that no redemption — whether full, partial, or otherwise — was applicable in connection with this intimation. All redemption-related parameters, including redemption date, quantity redeemed, and outstanding amount, were reported as Not Applicable.

Regulatory Compliance

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited, fulfilling the company's disclosure obligations under the applicable SEBI regulations. Finkurve Financial Services, with its registered office at Unit No. 1, Trade Garden, 1st Floor, Building No. A, Kamala Mills Compound, Lower Parel, Mumbai – 400013, Maharashtra, India, carries the CIN L65990MH1984PLC032403.

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%.

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.

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:

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.