Finkurve Financial Services Limited has informed the Exchange regarding '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'.
FINKURVE · price
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Finkurve Financial Services Limited announced that promoter Mr. Ketan B Kothari has released a pledge on 90,75,000 equity shares (about 6.48% of the company's total share capital). The pledged shares were held with Muthoot Exim Private Limited as a third-party pledge and have now been released as of April 8, 2026. After this release, Mr. Kothari's encumbered shares stand reduced to 59,25,000 shares (4.23% of total share capital) out of his total holding of 2,55,31,337 shares (18.23%). The disclosure has been made under SEBI Takeover Regulations, 2011.
The release of pledged shares is a positive signal for shareholders as it reduces the promoter's encumbered holdings and lowers the risk of forced selling in the market. Investors may view this as improved financial standing of the promoter, though it does not change the promoter's actual ownership stake in the company.