Pursuant to Regulation 34(1) of Securities and Exchange Board of India (LODR), Regulations, 2015 the Company hereby enclose the copy of Annual Report and Notice for Financial Year 2024-25.
FINKURVE · price
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Finkurve Financial Services, a tech-enabled NBFC focused on gold loans (branded 'Arvog'), filed its Annual Report and Notice for the 41st AGM with BSE. The 41st AGM is scheduled for September 30, 2025 via video conferencing, with remote e-voting open from September 27 (9:00 AM) to September 29 (5:00 PM). Key business resolutions include approval of FY25 audited financials, re-appointment of promoter-director Ketan Kothari, appointment of new statutory auditor M/s. Ladha Singhal & Associates, and appointment of secretarial auditor M/s. Mayank Arora & Co. for 5 years. Major financial and capital resolutions seek shareholder approval to raise borrowing limits to ₹2,500 crore, increase Section 186 investment/loan threshold to ₹3,000 crore, approve material related party transactions with promoter-group entities (including Augmont), and enable NCD issuance on private placement basis. FY25 highlights: Total Income ₹141.06 cr (+56.3% YoY), PAT ₹17.41 cr (+8.3% YoY), Gold Loan AUM ₹389.8 cr, total disbursements ₹1,605.5 cr, 73 branches across Telangana, AP and Karnataka, with strong asset quality (GNPA 0.94%, NNPA 0.65%).
Routine annual report submission, but the AGM notice seeks approval for significantly expanded borrowing (₹2,500 cr) and investment (₹3,000 cr) limits — nearly 18x current equity capital — signaling aggressive growth plans, likely supported by ongoing scale-up in gold loan disbursements. Material related party transactions with promoter-linked entities (Augmont group) are also up for approval, which shareholders should review carefully for related-party governance. The AGM voting window is narrow (Sept 27–29), so shareholders must act promptly.