The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 30, 2026 for Ketan B Kothari
FINKURVE · price
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Promoter Ketan Bhawarlal Kothari has filed a revised disclosure regarding the release of pledge on 90,75,000 equity shares of Finkurve Financial Services Ltd. The filing corrects an error from the April 8, 2026 submission where the 'already encumbered' shares were incorrectly stated as 90,75,000 instead of 1,50,00,000. The corresponding percentage was also corrected from 6.48% to 10.71%. This is a technical revision to accurately reflect the promoter shareholding encumbrance status.
The release of pledge on 90.75 lakh shares reduces the risk of forced selling by lenders if margin calls occur, which is positive for minority shareholders. The corrected disclosure ensures accurate public record of promoter share encumbrances.