Finkurve Financial Services Limited has informed the Exchange regarding Board meeting held on November 24, 2025, wherein the Board approved raising of funds through issuance of NCD on private placement basis via EBP portal for an amount not exceeding Rs. 50,00,00,000/- (Rupees Fifty Crore Only).
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The Board of Finkurve Financial Services Limited, at its meeting held on November 24, 2025, approved raising of funds up to Rs. 50 Crore through the issuance of Non-Convertible Debentures (NCDs). The NCDs will be issued on a private placement basis through the EBP (Electronic Book Platform) portal. No specific details on coupon rate, tenure, or use of proceeds were mentioned in this disclosure. The fund raise is within the borrowing limits approved by the Board.
This is a Rs. 50 Crore debt raise via privately placed NCDs, which will increase the company's borrowings and interest obligations. For a financial services firm, this signals ongoing capital build-up to support lending or business growth, though it also adds to leverage and repayment burden.