Finkurve Financial Services pays interest on NCDs before due date

Finkurve Financial Services has completed interest payments for two tranches of Non-Convertible Debentures (NCDs) ahead of the scheduled due date of June 1, 2026. The company, acting through its Company Secretary & Compliance Officer Kajal Parmar, certified that the payments were made to all concerned NCD holders in accordance with the terms specified in the term sheet. The aggregate issue size for the securities covered by this intimation is ₹50 crore.

The interest payments were processed on May 30, 2026, against a record date of May 17, 2026. The payments cover two specific ISINs, with interest amounts totaling ₹43,04,436.45. The certification was submitted to BSE Limited and the National Stock Exchange of India Limited under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table details the specific payments made for each NCD series:

Sr. No.	Particulars	Details (ISIN INE734I07040)	Details (ISIN INE734I07057)
1.	ISIN	INE734I07040	INE734I07057
2.	Issue Size	Rs. 20,00,00,000	Rs. 30,00,00,000
3.	Interest Amount to be paid on due date	Rs. 17,24,651.45	Rs. 25,79,785.00
4.	Frequency	Monthly	Monthly
5.	Interest payment record date	May 17, 2026	May 17, 2026
6.	Due date for interest payment	June 01, 2026	June 01, 2026
7.	Actual date for interest payment	May 30, 2026	May 30, 2026
8.	Amount of interest paid	Rs. 17,24,651.45	Rs. 25,79,785.00
9.	Date of last interest payment	April 29, 2026	April 29, 2026

The payments were made net of Tax Deducted at Source (TDS). There was no change in the frequency of payment for either tranche, and the company reported no delays or reasons for non-payment. The previous interest payment for both series was made on April 29, 2026. No redemptions were reported for the period covered by this filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.40%	-14.22%	-16.63%	-42.14%	-47.60%	-47.60%

Finkurve Financial Services Limited has reported a 149% year-on-year (YoY) growth in assets under management (AUM) to INR 1,096 crore for the quarter ended March 31, 2026. Profit after tax (PAT) surged by 105%, supported by a 71% rise in total quarterly income to INR 69 crore. The company achieved record low non-performing assets (NPAs) during the quarter, with gross NPA at 0.13% and net NPA at 0.09%, while maintaining a capital adequacy ratio (CRAR) of 30.96%.

Financial Performance and Asset Quality

The company's liquidity position remained robust with cash and cash equivalents of INR 102 crore as of the balance sheet date. The debt-to-equity ratio stood at 2.42x, providing ample room for future leverage. Management noted that the weighted average cost of borrowing for the previous financial year was 11.2%.

Operational Milestones and Strategic Updates

During the quarter, Finkurve crossed the INR 1,000 crore AUM milestone and expanded its branch network from 73 to 105, adding 32 branches in a year. The company transitioned into a middle-layer NBFC, aligning its systems and governance framework with regulatory requirements. It received credit rating upgrades from CARE Ratings and Infomerics, moving from BBB to BBB plus category. A co-lending partnership was initiated with Godrej, accumulating approximately INR 21 crore in AUM.

Future Guidance

Management provided a guidance of 40% to 50% YoY AUM growth for the current financial year. The company aims to achieve a return on equity (ROE) of 17% to 18% and a return on assets (ROA) of 3.5% to 4% over the next five years. It targets reaching an AUM of INR 5,000 crore by 2029.