Finkurve Financial Services Limited has informed the exchange about the Corrigendum to the Notice of EGM dated December 16, 2024 for EGM held on January 8, 2025
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Finkurve Financial Services has issued a corrigendum to its EGM notice dated December 16, 2024 (EGM held January 8, 2025). Two proposed allottees — Jenisha Jayesh Mehta and Foraum Savla — have been removed because they sold company shares before the relevant date, disqualifying them under SEBI ICDR Regulation 159. The total preferential issue size has been revised down to 1,50,14,000 equity shares at a price not exceeding Rs. 78 per share (including Rs. 77 premium), aggregating to up to Rs. 117.11 crore. Additional disclosures have been added on the ultimate beneficial owners of PRK Trust (promoter group), which is being allotted convertible warrants. A full revised list of 100 non-promoter allottees and an updated pre/post-issue shareholding pattern have been provided. A fresh e-voting window has been reopened from May 11 to May 12, 2025 for shareholders who haven't yet voted.
This is largely a procedural correction to comply with SEBI rules and BSE queries, trimming ineligible allottees and clarifying promoter-group disclosures. Slightly reduces dilution from the preferential issue. Shareholders get a second chance to vote on the revised terms; net impact on the stock should be minor since the EGM resolutions were already passed.