Finkurve Financial Services Limited Reports Utilization of Non-Convertible Debenture Proceeds
Finkurve Financial Services Limited provided a statement detailing the use of funds raised through non-convertible debentures (NCDs) for the quarter ending June 30, 2026. The report covers the fund raising activities and notes that there is no deviation or variation regarding the utilization of these proceeds.The company undertook fundraising through NCDs across three tranches in May, June, and June 2026. Each allotment totaled Rs. 199 crore. These debentures were allotted on May 14, 2026, June 16, 2026, and June 29, 2026.
The statement addressed the objects for which funds were raised. The original object was focused on the lending business of the Company. While the initial allocation for the lending business was Rs. 135 crore, the total funds utilized stood at Rs. 199 crore.
A summary of the fund-raising details and utilization is provided below:
| Fund Raising Detail | Details |
|---|---|
| Mode of Fundraising | Non-Convertible Debentures |
| Total Amount Raised (per tranche) | Rs. 199 Crore |
| Allotment Dates | May 14, 2026; June 16, 2026; and June 29, 2026 |
| Report Filed For Quarter | June 2026 |
| Original Object | Lending business of the Company |
| Original Allocation (Lending Business) | Rs. 135 Crore |
| Funds Utilized (Total) | Rs. 199 Crore |
The company confirmed that there is no deviation or variation in the use of the funds raised, despite the total amount utilized exceeding the initial allocation for the lending business.
FINKURVE Stock Price Movement
Today, shares of Finkurve Financial Services Limited edged higher to close at ₹64.12 after gaining 4.45%. The stock saw a traded volume of 153,336 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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