We enclose herewith the Monitoring Agency report for quarter and half year ended March 31, 2026 issued by Crisil Ratings Limited.
FINKURVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Finkurve Financial Services has filed its quarterly monitoring agency report for March 2026 with CRISIL Ratings. The company raised Rs. 141.50 crore through a preferential issue of equity shares (Rs. 101.50 crore) and warrants (Rs. 40 crore) in May 2025, down from the original plan of Rs. 157.11 crore due to undersubscription. Of the total proceeds, Rs. 111.50 crore has been utilized so far, leaving Rs. 30 crore still unused. Notably, no funds were deployed during this quarter. The unutilized Rs. 30 crore represents 75% of the warrant subscription amount still pending from warrant holders. The warrants carry a conversion price of Rs. 78 per share, while the current market price is Rs. 67.85 per share. The funds are intended for onward lending, investments, and repayment of borrowings in the ordinary course of business.
No utilization this quarter and a Rs. 30 crore balance yet to be received from warrant subscribers may concern investors about deployment pace. The current market price below the warrant issue price could also affect conversion decisions by warrant holders.