Finkurve Financial Services Records Release of Pledge on 90,75,000 Shares by Promoter
Finkurve Financial Services Limited reported the release of a pledge against shares held by promoter Mr. Ketan Kothari on April 08, 2026. The promoter confirmed the release of 90,75,000 Equity Shares.The disclosure confirms that these shares were previously pledged in favor of M/s. Muthoot Exim Private Limited.
In an annexure detailing the release of encumbrances, the following details were noted for Mr. Ketan B Kothari:
| Promoter Name | Promoter Holding in the Target Company | Promoter Holding Already Encumbered | Details of Events Pertaining to Encumbrance | Post Event Holding of Encumbered Shares |
|---|---|---|---|---|
| Ketan B Kothari | 25531337 | 90,75,000 | Release towards third Party Pledge | 5925000 |
The release event was recorded on April 08, 2026, with the type of encumbrance specified as Pledge. The release pertains to the shares pledged in favor of Muthoot Exim Private Limited.
The company also detailed the shareholding structure of other promoters as of the reporting date:
| Promoter Name | Promoter Holding in the Target Company (Shares) | Promoter Holding in the Target Company (% of Total Share Capital) |
|---|---|---|
| Devkumari Manekchand Kothari | 1483270 | 1.06 |
| Mohinidevi Bhanwarlal Kothari | 40502993 | 28.92 |
| Kalawati Prithviraj Kothari | 9044100 | 6.46 |
| Ketan B Kothari | 25531337 | 18.23 |
| Bhavna Ashwin Bafna | 402500 | 0.29 |
| Namita Ketan Kothari | 1806000 | 1.29 |
The company's registered office is located at Unit No. 1, Trade Garden, 1st Floor, Building No. A, Kamala Mills Compound, Lower Parel, Delisle Road, Mumbai - 400013, Maharashtra, India. The scrip code for the company is 508954.
FINKURVE Stock Price Movement
Today, Finkurve Financial Services Limited shares rallied, concluding the session having gained 1.76% to settle at ₹62.9. The stock saw considerable activity, processing a total traded volume of 541,498 shares today.Source:
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