Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/09/2025 ,inter alia, to consider and approve Finkurve Financial ....
FINKURVE · price
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Finkurve Financial Services has called a Board meeting on September 5, 2025, to approve the Annual Report and Director's Report for FY2024-25, fix the date of its 41st Annual General Meeting, and set the e-voting cut-off date. The Board will also appoint M/s. Mayank Arora & Co. as Scrutinizer and Secretarial Auditors for five years (FY2025-26 to FY2029-30), and M/s. Ladha Singhal & Associates as Statutory Auditor. In a significant move, the Board will seek approval to raise its borrowing limit under Section 180(1)(c) to ₹2,500 crore and increase its threshold for loans, guarantees, securities, and investments under Section 186 to ₹3,000 crore. It will also approve the issue of Non-Convertible Debentures on a private placement basis and material related party transactions involving loans to and from related parties, including service fee transactions with Augmont Goldtech Private Limited, valid until the 42nd AGM in 2026.
The proposed ₹2,500 crore borrowing cap and ₹3,000 crore investment/loan threshold represent a very large expansion of the company's financial firepower, suggesting aggressive growth or expansion plans. The NCD issuance and recurring related-party transactions with Augmont Goldtech signal continued heavy inter-company dealings, which shareholders should monitor for governance and conflict-of-interest concerns.