The Company hereby declare that the proceeds of the issue of Preferential issue of Equity Shares & share warrants on private placement basis issued by the Company during quarter ended 30.06.2025 ....
FINKURVE · price
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Finkurve Financial Services has filed a regulatory declaration confirming that the Rs. 141.50 crore raised through a preferential issue of equity shares and share warrants on a private placement basis in May 2025 was used for the stated purpose. The funds were raised on May 21 and May 27, 2025, and earmarked for onward lending, investment, and repayment of borrowings. Out of the total Rs. 141.50 crore, Rs. 111.50 crore has been utilised so far, with the balance pending because 75% of the share warrant subscription money is yet to be received from allottees. CRISIL Ratings is the monitoring agency, and the Audit Committee reviewed and noted the statement at its meeting on August 13, 2025. There has been no deviation or variation in the use of proceeds from the original objects.
This is a routine compliance filing confirming that the company has used the preferential issue funds as promised, with no deviation. For shareholders, the pending receipt of the remaining 25% warrant subscription money could bring in additional capital later, while the early deployment supports the company's lending and borrowing activities.