Finkurve Financial Services pays NCD interest before Aug 1 due date

2 min read     Updated on 01 Aug 2026, 09:47 AM
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Finkurve Financial Services Limited paid interest on two NCD series totaling ₹43.10 lakh on July 31, 2026, ahead of the August 1 deadline. The payments covered a ₹30 crore issue and a ₹20 crore issue, with no redemption activity reported.

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Finkurve Financial Services has made interest payments on two series of Non-Convertible Debentures (NCDs) ahead of their due date, ensuring timely returns for bondholders. The Mumbai-based financial services firm disbursed the payments on July 31, 2026, one day before the August 1, 2026 deadline, reflecting strict adherence to its debt obligations.

The payments were made pursuant to Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the master circular for listing obligations dated July 11, 2025. The company confirmed that the interest was paid to all concerned NCD holders as per the terms outlined in the respective term sheets.

Interest Payment Details

The company issued two distinct series of monthly-interest-bearing NCDs. The first series, identified by ISIN INE734I07057, has an issue size of ₹30,00,00,000 (Rupees Thirty Crores). The second series, identified by ISIN INE734I07040, carries an issue size of ₹20,00,00,000 (Rupees Twenty Crores). Both issues require monthly interest payments, with no changes to the frequency.

Particulars Series 1 (ISIN: INE734I07057) Series 2 (ISIN: INE734I07040)
Issue Size ₹30,00,00,000 ₹20,00,00,000
Interest Paid ₹25,79,783.00 ₹17,30,238.67
Payment Frequency Monthly Monthly
Record Date July 17, 2026 July 17, 2026
Due Date August 01, 2026 August 01, 2026
Actual Payment Date July 31, 2026 July 31, 2026
Last Payment Date June 30, 2026 June 30, 2026

The interest amounts cited above are net figures after the deduction of Tax Deducted at Source (TDS). For the ₹30 crore issue, the net payment was ₹25,79,783.00. For the ₹20 crore issue, the net payment was ₹17,30,238.67. The record date for both payments was July 17, 2026, and the last interest payment was made on June 30, 2026.

No Redemption Activity

The filing also addressed redemption details, confirming that no redemption events occurred during this period. All fields related to redemption, including type, quantity, and outstanding amounts, were marked as "Not Applicable." This indicates that the principal amounts of both NCD series remain outstanding and active.

Compliance and Governance

Kajal Parmar, Company Secretary and Compliance Officer at Finkurve Financial Services Limited, certified the disclosure. The intimation was submitted to both the BSE Limited and the National Stock Exchange of India Limited on July 31, 2026. The company reported no reasons for non-payment or delay, affirming full compliance with its debt covenants.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%-0.16%-3.88%-23.45%-45.01%-45.01%

How might Finkurve Financial Services' consistent early payment history influence its future credit rating and cost of capital?

Given the total outstanding NCD liability of ₹50 crores, what is the company's current debt-to-equity ratio and liquidity position?

Are there any upcoming maturity dates for these NCD series, and has the company outlined a strategy for refinancing or repayment?

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Finkurve appoints Sugandhi Ravi Kumar as internal auditor for FY 26-27

1 min read     Updated on 28 Jul 2026, 09:25 AM
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AI Summary

Finkurve Financial Services Limited has appointed Mrs. Sugandhi Ravi Kumar as its Internal Auditor for the financial year 26-27. The Board of Directors approved the appointment on July 27, 2026, citing her extensive experience as a Chartered Accountant in accounting, auditing, and regulatory compliance.

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The Board of Directors of Finkurve Financial Services has appointed Mrs. Sugandhi Ravi Kumar as the company’s Internal Auditor for the financial year 26-27. This appointment, approved during a board meeting on July 27, 2026, strengthens the firm’s internal control framework by placing a seasoned Chartered Accountant with extensive regulatory compliance experience in charge of auditing processes. The move ensures continuity and expertise in monitoring financial reporting standards ahead of the new fiscal cycle.

The disclosure was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company complied with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the disclosure of information related to the appointment. The board meeting commenced at 4:30 p.m. and concluded at 5:25 p.m.

Auditor Profile and Qualifications

Mrs. Sugandhi Ravi Kumar holds PAN CFCPS5232K and is a qualified Chartered Accountant with Membership No. 174537 from the Institute of Chartered Accountants of India (ICAI). She brings more than 10 years of professional experience to the role, specializing in accounting, auditing, taxation, financial reporting, and regulatory compliance. Her career includes providing strategic financial and advisory services to businesses across diverse sectors, demonstrating strong technical expertise and analytical skills.

Parameter Details
Name Mrs. Sugandhi Ravi Kumar
Designation Internal Auditor
Qualification Chartered Accountant (Membership No. 174537)
PAN CFCPS5232K
Experience Over 10 years in accounting, auditing, and compliance
Term Start Date July 27, 2026
Term Duration Financial Year 26-27

The appointment does not involve any change due to resignation, removal, or death of a predecessor; it is a fresh appointment for the specified term. There are no disclosed relationships between Mrs. Kumar and the directors of the company that would constitute a conflict of interest.

What the Numbers Show

While this filing is procedural rather than financial, the appointment signals Finkurve Financial Services’ focus on maintaining robust internal governance structures. The selection of an auditor with specific expertise in regulatory compliance and financial reporting suggests an emphasis on aligning internal audits with evolving SEBI norms. With over a decade of experience across diverse sectors, Mrs. Kumar’s background may enhance the precision of financial disclosures and risk management protocols within the firm for FY 26-27.

Historical Stock Returns for Finkurve Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%-0.16%-3.88%-23.45%-45.01%-45.01%

How might Mrs. Kumar's specific expertise in regulatory compliance influence Finkurve's approach to upcoming SEBI norm changes in FY 26-27?

Will this appointment signal a broader strategic shift towards stricter internal governance across the Indian financial services sector?

What potential impact could enhanced internal audit precision have on Finkurve's cost structure or operational efficiency in the coming fiscal year?

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1 Year Returns:-45.01%