Finkurve Financial Services Limited has initiated a postal ballot process to seek shareholder approval for revising the loan limit for M/s. Aranath Real Estate Private Limited to ₹200 crore and regularizing the appointment of director Rajendran Chinna Veerappan. The e-voting period runs from June 7, 2026, to July 6, 2026, with Mr. Mayank Arora appointed as the Scrutinizer.
Finkurve Financial Services Limited has dispatched its postal ballot notice to shareholders seeking approval for the regularization of Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director and to revise the loan limit from M/s. Aranath Real Estate Private Limited to ₹200 crore. The company aims to meet increased funding requirements and strengthen its liquidity position through this revision, which includes the principal loan and interest outstanding. The transaction will be unsecured and on an arm's length basis.
The Board of Directors approved the issuance of the notice on June 3, 2026. The online dispatch of the postal ballot notice was completed on June 5, 2026, via email to members registered as on the cut-off date of June 4, 2026. Mr. Mayank Arora, Partner of M/s. Mayank Arora & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to oversee the e-voting process provided by National Securities Depository Limited (NSDL). The company also published newspaper advertisements in the Financial Express and Dainik Nalanda Express on June 6, 2026, to inform members about the dispatch.
Mr. Rajendran Chinna Veerappan, who holds DIN 00460061, was appointed as an Additional Director effective April 24, 2026. He brings over 44 years of experience in the banking and financial services sector, having previously served as CEO of CSB Bank, Chairman and Managing Director of Andhra Bank, and CEO of the Association of Mutual Funds in India (AMFI). The company confirmed that he holds no relationship with other directors and has no shareholding in the company.
The approval for the related party transaction is sought pursuant to Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period is scheduled from June 7, 2026, to July 6, 2026. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period and will be uploaded on the company's website and the stock exchanges.
Key Details of Postal Ballot
Particulars Details Commencement of e-voting 9:00 a.m. IST on June 7, 2026 Conclusion of e-voting 5:00 p.m. IST on July 6, 2026 Cut-off Date June 4, 2026 Scrutinizer Mr. Mayank Arora
Related Party Transaction Details
Related Party Existing Limit (₹ in Crore) Revised Limit (₹ in Crore) Remarks M/s. Aranath Real Estate Private Limited 100 200 Revised M/s. Augmont Goldtech Private Limited 50 50 Unchanged M/s. Augmont Enterprises Limited 200 200 Unchanged M/s. HR Commercials Private Limited 25 25 Unchanged M/s. Ideal Fiscal Services Limited 50 50 Unchanged
Finkurve Financial Services has paid interest totaling ₹1.63 crore on two Non-Convertible Debenture (NCD) tranches ahead of the scheduled due date of June 07, 2026. The payments, certified under Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were processed on June 06, 2026, ensuring timely disbursement to all holders.
The company settled interest for two separate ISINs. The first tranche, identified by ISIN INE734I07065, carried an issue size of ₹35 crore and required a monthly interest payment. The second tranche, ISIN INE734I07024, had an issue size of ₹49 crore with a quarterly payment frequency. Both payments adhered to the record date of May 23, 2026.
Interest Payment Details
The following table outlines the specific payment details for both NCD tranches:
Particulars ISIN INE734I07065 ISIN INE734I07024 Issue Size ₹35,00,00,000 ₹49,00,00,000 Frequency Monthly Quarterly Record Date May 23, 2026 May 23, 2026 Due Date June 07, 2026 June 07, 2026 Actual Payment Date June 06, 2026 June 06, 2026 Interest Paid ₹30,30,303 ₹1,33,41,159 Last Interest Date May 06, 2026 March 05, 2026
The intimation, signed by Kajal Parmar, Company Secretary & Compliance Officer, confirmed that there were no delays or reasons for non-payment. The company certified that the payments were made in accordance with the terms specified in the respective term sheets.
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