Finkurve Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on April 24, 2026.
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Finkurve Financial Services Limited's board meeting on April 24, 2026 approved two key items. First, the allotment of 93,500 equity shares under the Finkurve ESOP Plan – 2018 at an exercise price of Rs. 27 per share, distributed to Mr. Aakash Nemichand Jain (CFO) with 60,000 shares and Mrs. Sugandhi Ravi Kumar (Senior Manager-Accounts) with 33,500 shares. This increased the company's paid-up capital from Rs. 14,00,50,488 to Rs. 14,01,43,988. Second, the board appointed Mr. Rajendran Chinna Veerappan as an Additional Director (Non-Executive Non-Independent) effective April 25, 2026, subject to shareholder approval at the next general meeting. Mr. Veerappan brings 44 years of experience in banking and financial services, having served as CEO of CSB Bank, Chairman and Managing Director of Andhra Bank, and CEO of AMFI.
The share dilution from ESOP allotment is minimal at less than 0.1% and is routine for employee stock option plans. The appointment of a highly experienced banking professional as director signals strong governance and industry expertise being brought to the board.