Finkurve Financial Services Limited has informed the Exchange regarding 'Revised Disclosure regarding Release of Pledge against Shares held by Promoter under Regulation 31(1) & Regulation 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011'.
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Finkurve Financial Services has submitted a revised disclosure regarding the release of a pledge on 90,75,000 equity shares held by promoter Mr. Ketan Bhawarlal Kothari, filed under SEBI's Takeover Regulations. The revision was prompted by a discrepancy flagged by the stock exchanges in the original April 8, 2026 submission. The number of shares already encumbered under promoter holding was corrected from 90,75,000 (6.48%) to 1,50,00,000 (10.71%) of the company's paid-up capital. No new pledge action is being reported in this filing — it is purely a correction to prior data.
The release of pledged shares is a positive signal for shareholders, as it reduces the promoter's encumbered holdings and lowers forced-sale risk. The revision simply fixes a data error in an earlier filing and does not change the underlying economic event.