Finkurve Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on December 30, 2025.
FINKURVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Finkurve Financial Services' board, at its meeting on December 30, 2025, approved raising up to Rs. 35 Crore through the issuance of listed, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs) on a private placement basis via the Electronic Bidding Platform. The issue comprises 35,000 NCDs with a face value of Rs. 10,000 each, carrying a coupon rate of 11.16% payable monthly. The NCDs have a tenure of 18 months and 7 days, with allotment on December 31, 2025 and maturity on July 7, 2027. The instruments are secured by a first-ranking exclusive charge on identified receivables and will be listed on BSE.
This is a debt raise rather than equity, so existing shareholders face no dilution. However, the 11.16% coupon is a relatively expensive borrowing cost, increasing the company's interest burden by roughly Rs. 3.9 Crore annually and adding to its overall leverage.