Finkurve Financial Services Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
FINKURVE · price
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Finkurve Financial Services Limited has submitted a compliance declaration confirming that proceeds from its Preferential Issue of Equity Shares and Share Warrants were used as stated in the offer document. The company raised Rs. 141.50 crore through private placement on May 21 and May 27, 2025. As of March 31, 2026, Rs. 111.50 crore has been utilized for onward lending, investments, and repayment of borrowings. Rs. 30 crore remains pending as 75% of share warrants subscription amount is yet to be received. The Audit Committee reviewed and noted this statement on May 20, 2026, with no material deviation reported.
Positive signal for shareholders as the company confirms proper utilization of funds raised with no deviation from stated objects. The pending receipt of Rs. 30 crore from share warrants is normal and expected.