Resignation of Mr. Sunny Parekh as the Company Secretary & Compliance Officer of the Company with effect from May 31, 2025
FINKURVE · price
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Finkurve Financial Services' board, at its May 29, 2025 meeting, approved audited FY25 results showing total income of ₹14,105.90 lakhs (up ~56% YoY from ₹9,026.69 lakhs) and net profit of ₹1,740.73 lakhs (up ~8% YoY from ₹1,607.13 lakhs), with EPS at ₹1.37 vs ₹1.27. Q4 FY25 net profit stood at ₹391.38 lakhs (down from ₹489.24 lakhs in Q4 FY24). Statutory auditors P.D. Saraf & Co. issued an unmodified opinion. The board accepted the resignation of Company Secretary Mr. Sunny Parekh effective May 31, 2025, and appointed Mrs. Kajal Parmar as his replacement from June 1, 2025. It also granted 3,06,223 stock options to employees under the ESOP 2018 scheme, appointed M/s. Aadesh Shah & Associates as internal auditor for FY26, and reconstituted the Audit Committee with Mr. Nishant Ranka as independent chairman. The company raised ₹27.70 crore via NCDs in January-February 2025, fully utilised for lending business with no deviation, and maintains 110% asset cover on secured NCDs of ₹4,900 lakhs.
Strong FY25 revenue and profit growth along with healthy 44.94% CRAR and 110% NCD security cover signal financial stability for shareholders. Routine KMP change at CS level is not material, but the ESOP grant of 3.06 lakh shares (potential dilution ~0.24% of equity) and growth in borrowings (debt-equity at 1.15) are worth monitoring.