Finkurve Financial Services Corrects Pledge Release Disclosure Data After Exchange Query

Finkurve Financial Services has submitted a revised disclosure to stock exchanges regarding the release of pledge against shares held by promoter Ketan Bhawarlal Kothari. The correction addresses significant data errors identified by the exchanges in the company's original April 08, 2026 filing under SEBI takeover regulations.

Disclosure Correction Details

The company acknowledged substantial errors in its initial submission, where critical shareholding data was incorrectly reported. Company Secretary Kajal Kunal Parmar informed both BSE Limited and National Stock Exchange that the number of shares in the "Promoter holding already encumbered" column was inadvertently mentioned as 90,75,000 instead of 1,50,00,000. Consequently, the percentage in the said column was mentioned as 6.48% instead of 10.71%.

Parameter: Incorrect Data Correct Data Encumbered Shares: 90,75,000 1,50,00,000 Percentage: 6.48% 10.71%

Pledge Release Transaction

The revised disclosure confirms that promoter Ketan B Kothari released 90,75,000 equity shares from pledge with Muthoot Exim Private Limited on April 08, 2026. This transaction was described as "Release towards third Party Pledge" in the regulatory filing submitted on April 30, 2026.

Shareholding Details: Before Release After Release Total Holding: 25,531,337 shares (18.23%) 25,531,337 shares (18.23%) Encumbered Shares: 15,000,000 shares (10.71%) 5,925,000 shares (4.23%) Released Shares: - 9,075,000 shares (6.48%)

Promoter Group Holdings

The disclosure provides comprehensive details of all promoter holdings in Finkurve Financial Services. The promoter group includes several family members with varying shareholdings as of the reporting date:

Promoter Name: Shareholding Percentage Mohinidevi Bhanwarlal Kothari: 40,502,993 shares 28.92% Ketan B Kothari: 25,531,337 shares 18.23% Kalawati Prithviraj Kothari: 9,044,100 shares 6.46% Namita Ketan Kothari: 1,806,000 shares 1.29% Devkumari Manekchand Kothari: 1,483,270 shares 1.06% Bhavna Ashwin Bafna: 402,500 shares 0.29%

Regulatory Compliance

The revised submission was made pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Both the company and the promoter submitted separate but coordinated disclosures on April 30, 2026, to ensure complete regulatory compliance. The correction followed queries from stock exchanges regarding discrepancies in the original filing, demonstrating the exchanges' active monitoring of disclosure accuracy.

Finkurve Financial Services Limited has certified that interest payments for two Non-Convertible Debentures (NCD) issues have been duly made to all concerned NCD holders before the due date, in compliance with Regulation 57 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company submitted the intimation to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026, confirming that payments were made as per the terms mentioned in the Term Sheet.

Interest Payment Details

The company made interest payments for two NCD issues on April 29, 2026, ahead of the scheduled due date of May 1, 2026. The interest payment record date was April 16, 2026, while the last interest payment was made on March 31, 2026. Both NCD issues carry monthly interest payment frequency with no changes reported in the payment schedule.

Sr. No. Particulars ISIN INE734I07040 ISIN INE734I07057 1 Issue Size Rs. 20,00,00,000 Rs. 30,00,00,000 2 Interest Amount Paid Rs. 16,67,093.01 Rs. 24,96,577.00 3 Interest Payment Record Date April 16, 2026 April 16, 2026 4 Due Date for Interest Payment May 01, 2026 May 01, 2026 5 Actual Date of Interest Payment April 29, 2026 April 29, 2026 6 Frequency Monthly Monthly 7 Last Interest Payment Date March 31, 2026 March 31, 2026

Payment Certification

The total interest amount paid across both NCD issues stood at Rs. 41,63,670.01. The amounts mentioned are net after deduction of Tax Deducted at Source (TDS). The company confirmed that there were no delays in payment and no reasons for non-payment were applicable. Kajal Parmar, Company Secretary & Compliance Officer of Finkurve Financial Services Limited, signed the certification on April 30, 2026.

Redemption Status

The company stated that there were no redemptions applicable for the reporting period. All redemption-related parameters including type of redemption, quantity redeemed, redemption dates, and amounts redeemed were marked as Not Applicable in the submission to the stock exchanges.

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