Finkurve Financial Services Limited has received credit rating reaffirmation and enhancement from Crisil Ratings Limited, strengthening its position in the non-banking financial company sector. The development was communicated to stock exchanges under Regulation 30 of SEBI listing requirements.

Credit Rating Details

Crisil Ratings has taken comprehensive rating actions across the company's debt instruments and banking facilities:

The rating agency assigned its 'Crisil BBB/Stable' rating to Rs.100 crore non convertible debentures while reaffirming the same rating on existing long-term bank facilities and non convertible debentures. This brings the total rated NCD amount to Rs.300 crore.

Company Profile and Operations

Finkurve Financial Services, operating under the Arvog brand, was established in 1984 as Sanjay Leasing Ltd and received its NBFC license from the Reserve Bank of India in 1998. The company was acquired by Mr. Ketan Kothari in 2010, who brings over two decades of experience in precious metals and finance industry.

The company's assets under management stood at Rs.671 crore as on September 30, 2025, with a diversified portfolio composition:

Finkurve operates through a network of 92 branches as on September 30, 2025, and maintains average ticket sizes of Rs.1,33,000 for gold loans and Rs.96,000 for retail loans.

Financial Performance and Capitalisation

The company demonstrates adequate capitalisation with networth of Rs.329 crore and gearing of 1.1 times as on September 30, 2025. This represents significant growth from Rs.206 crore networth as on March 31, 2025, following equity infusion of Rs.111.5 crore during the first quarter of fiscal 2026.

Rating Strengths and Considerations

Crisil Ratings highlighted several key strengths supporting the rating, including adequate capitalisation backed by comfortable earnings profile and strong promoter credentials. The promoter group held 56.3% stake as on September 30, 2025, with experienced management including Mr. Naveen Kottala as CEO and Mr. Aakash Jain as CFO.

However, the rating also considers challenges such as small scale of operations compared to industry size and limited seasoning of the portfolio. The company's outstanding borrowings of Rs.375 crore as on September 30, 2025 comprised NCDs (21%), term loans (41%), cash credit facilities (7%) and inter-corporate deposits (31%).

Market Position and Outlook

Finkurve is part of the Augmont group, India's premier bullion trading entity, which provides comprehensive gold ecosystem spanning importing, refining and distribution. The stable outlook reflects Crisil's belief that the company will continue benefiting from extensive promoter and management experience along with adequate capitalisation.

The rating agency expects the company to maintain steady state gearing below 3 times over the medium term, with capital position supported by strong promoter holding and steady accretion to reserves.

Finkurve Financial Services Limited has announced its maiden earnings call to discuss the financial results for the quarter and nine months ended December 31, 2025. The call is scheduled for Monday, February 09, 2026, marking a significant milestone for the company in its investor engagement initiatives.

Earnings Call Schedule and Access Details

The earnings call will be conducted from 12:00 noon to 01:00 PM IST on February 09, 2026. The company has made comprehensive arrangements to ensure broad accessibility for investors and analysts worldwide.

Participants can pre-register for the call to avoid waiting time and dial in directly without operator assistance. The company has emphasized that discussions will be based solely on publicly available information, with no presentation planned during the call.

Management Participation

The earnings call will feature key members of Finkurve Financial Services' senior management team who will engage with investors and analysts to discuss the company's performance.

Regulatory Compliance and Transparency

The announcement was made pursuant to Regulation 30 read with applicable provisions of Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that no unpublished price sensitive information will be shared during the interaction with analysts and institutional investors.

Finkurve Financial Services has noted that the schedule is subject to change due to exigencies on the part of analysts, investors, or the company. The information is also available on the company's website at www.arvog.com .

Contact Information

For additional details regarding the earnings call, investors can reach out to Mr. Aakash Jain at investorrelations@arvog.com . Media and PR inquiries can be directed to Adfactors PR representatives Smit Shah and Hanishi Shah at their respective contact details provided in the announcement.