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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
41 announcements match the current filters (relevance ≥ 5).
Finkurve Financial Services FY26 Net Profit Jumps 50% to ₹26.03 Crore
Finkurve Financial Services (Arvog) reported a strong financial performance for the fiscal year ended March 31, 2026, with annual net profit rising 50% to ₹2,603.41 Lakhs. Total income for the year grew significantly by 48.8% to ₹20,986.36 Lakhs, driven primarily by robust interest income. The fourth quarter was particularly impressive, with net profit more than doubling to ₹804.09 Lakhs compared to ₹391.38 Lakhs in the previous year's corresponding quarter. The company's equity base also saw substantial growth, with 'Other Equity' increasing to ₹33,089.57 Lakhs from ₹19,370.06 Lakhs.
Key Highlights
Annual Net Profit increased by 50.4% YoY to ₹2,603.41 Lakhs from ₹1,730.73 Lakhs.
Total Revenue from operations for FY26 grew to ₹20,721.83 Lakhs, up from ₹14,047.93 Lakhs in FY25.
Q4 FY26 Net Profit surged to ₹804.09 Lakhs, a 105% increase over Q4 FY25.
Interest income for the full year rose to ₹20,435.25 Lakhs, representing the core growth driver.
Basic Earnings Per Share (EPS) improved to ₹1.89 for FY26 compared to ₹1.37 in FY25.
👀 What to Watch
The company demonstrates strong growth momentum in its core lending operations and significantly improved profitability. Investors should monitor the deployment of the newly raised capital and the company's ability to maintain asset quality amidst this rapid scaling.
Finkurve Financial to Raise ₹75 Crores via NCDs at 11.33% Coupon Rate
Finkurve Financial Services has approved the issuance of Rated, Secured, Non-Convertible Debentures (NCDs) to raise up to ₹75 crores. The issue consists of a ₹50 crore base size and a ₹25 crore green shoe option, offered at a coupon rate of 11.33% per annum. The funds are being raised on a private placement basis with a tenure of 27 months. Interest will be paid quarterly, and the debentures are secured by a first-ranking charge on identified receivables.
Key Highlights
Total fundraise of ₹75 crores through 75,000 NCDs with a face value of ₹10,000 each.
Fixed coupon rate of 11.33% per annum with quarterly interest payment cycles.
Instrument tenure is 27 months, with maturity set for August 13, 2028.
NCDs are secured by hypothecation of identified receivables in favor of the Debenture Trustee.
Penalty of 2% per annum over the coupon rate is applicable in case of payment defaults.
👀 What to Watch
Investors should track the company's ability to deploy this high-cost capital into higher-yielding assets to maintain healthy Net Interest Margins. The successful fundraise indicates liquidity access, though the 11.33% rate reflects the risk premium associated with mid-sized NBFCs.
Finkurve Financial: Promoter Releases Pledge on 90.75 Lakh Equity Shares
Finkurve Financial Services has issued a revised disclosure regarding the release of pledged shares by its promoter, Mr. Ketan Bhawarlal Kothari. The filing confirms the release of 90,75,000 equity shares from pledge. The company also corrected a reporting error where the total encumbered shares were previously understated as 90,75,000 (6.48%) instead of the actual 1,50,00,000 (10.71%). This reduction in pledged shares is generally a positive signal regarding the promoter's financial position.
Key Highlights
Release of pledge on 90,75,000 equity shares held by promoter Ketan Bhawarlal Kothari.
Correction of previous disclosure error regarding total promoter encumbrance.
Revised total encumbered shares prior to this release stood at 1,50,00,000 (10.71%).
The revision follows a discrepancy notice from the stock exchange regarding the April 08, 2026 filing.
👀 What to Watch
Investors should view the release of pledged shares as a positive development that reduces risk. Monitor if further pledges are released in upcoming quarters to confirm a trend of improving promoter liquidity.
Finkurve Allots 93,500 ESOP Shares and Appoints Former CSB Bank CEO to Board
Finkurve Financial Services has approved the allotment of 93,500 equity shares under its 2018 ESOP plan at an exercise price of Rs. 27 per share. This allotment increases the company's total paid-up capital to Rs. 14.01 crore. Additionally, the board has appointed Mr. Rajendran Chinna Veerappan, a veteran with over 44 years of experience, as an Additional Director. Mr. Veerappan's background includes serving as the CEO of CSB Bank and Chairman of Andhra Bank, bringing significant institutional expertise to the company.
Key Highlights
Allotment of 93,500 equity shares of Re. 1 face value at an exercise price of Rs. 27 per share
Paid-up capital increased from Rs. 14,00,50,488 to Rs. 14,01,43,988
Appointment of Mr. Rajendran Chinna Veerappan as Additional Director effective April 25, 2026
New director previously served as CEO of CSB Bank, Chairman of Andhra Bank, and CEO of AMFI
👀 What to Watch
The addition of a high-profile banking veteran to the board is a positive signal for the company's governance and strategic depth. Investors should view this as a strengthening of the leadership team, which may benefit long-term institutional growth.
Finkurve Promoter Ketan Kothari Releases Pledge on 59.25 Lakh Shares (4.23% Stake)
Promoter Ketan Kothari has announced the release of a pledge on 59,25,000 equity shares of Finkurve Financial Services, representing 4.23% of the company's total share capital. These shares were previously encumbered in favor of Muthoot Exim Private Limited. Following this release, the promoter's pledged shareholding has been reduced to zero. This reduction in promoter leverage is a positive signal, as it removes the risk of forced liquidation due to margin calls.
Key Highlights
Release of pledge on 59,25,000 equity shares by promoter Ketan Kothari.
The released stake accounts for 4.23% of the total paid-up equity capital.
The pledge was released by Muthoot Exim Private Limited on April 13, 2026.
Post-transaction, Ketan Kothari's pledged shareholding stands at 0% of his 18.23% total stake.
👀 What to Watch
The elimination of the promoter's pledged shares is a positive development that reduces financial risk for the company. Investors should view this as a sign of improved promoter liquidity and financial stability.
Finkurve Promoter Ketan Kothari Releases Pledge on 90.75 Lakh Shares (6.48% Stake)
Promoter Ketan Bhawarlal Kothari has announced the release of a pledge on 90,75,000 equity shares of Finkurve Financial Services Limited, representing 6.48% of the company's total share capital. These shares were previously encumbered in favor of Muthoot Exim Private Limited. Following this release, the promoter's remaining pledged shares have decreased to 59,25,000, which accounts for 4.23% of the total share capital. This reduction in pledged shares is a positive indicator of the promoter's improved financial flexibility.
Key Highlights
Release of pledge on 90,75,000 equity shares, representing 6.48% of the total share capital.
The shares were released by promoter Ketan Bhawarlal Kothari from Muthoot Exim Private Limited.
Post-event, the promoter's encumbered holding has reduced to 59,25,000 shares (4.23% stake).
Ketan Kothari maintains a total shareholding of 2,55,31,337 shares or 18.23% in the company.
The disclosure was made under Regulation 31(1) and 31(2) of SEBI Takeover Regulations.
👀 What to Watch
The reduction in promoter pledge is a positive sign as it lowers the risk of forced selling and indicates better financial health of the promoter. Investors should continue to monitor the remaining 4.23% pledged stake for further releases.
Finkurve Financial (Arvog) Assigned CARE BBB+; Stable Rating for ₹450 Cr Facilities
CARE Ratings has assigned a 'CARE BBB+; Stable' rating to Finkurve Financial Services' ₹150 crore NCDs and ₹300 crore bank facilities. The rating highlights the company's adequate capitalization, supported by a Tangible Net Worth of ₹335 crore and a strong Capital Adequacy Ratio of 39.29% as of December 2025. The company's Assets Under Management (AUM) grew significantly to ₹833 crore in December 2025 from ₹440 crore in March 2025, driven primarily by gold loans. While the secured nature of the portfolio is a strength, the company faces risks from geographical concentration in South India and a relatively short operational track record.
Key Highlights
Assigned 'CARE BBB+; Stable' rating for ₹150 Cr NCDs and ₹300 Cr long-term bank facilities.
AUM surged to ₹833 Cr as of Dec 31, 2025, representing nearly 90% growth from March 2025 levels.
Maintains a robust Tier I capital adequacy ratio of 39.05% following a ₹111.5 Cr equity infusion in H1FY26.
Asset quality is healthy with Gross Stage 3 (GS3) assets improving to 0.71% as of Dec 2025.
Gold loans account for 93% of the total AUM, providing a highly secured lending base.
👀 What to Watch
The investment-grade rating is a positive milestone that should help the company lower its borrowing costs and scale operations. Investors should monitor the company's progress in diversifying its loan book geographically and maintaining its high return on total assets (ROTA) of 3.39%.
Finkurve Financial to Raise ₹25 Crore via NCDs at 11.16% Coupon Rate
Finkurve Financial Services has approved the issuance of secured Non-Convertible Debentures (NCDs) worth ₹25 crore on a private placement basis. These NCDs carry a coupon rate of 11.16% per annum with monthly interest payments and a tenure of approximately 21 months. The issue is secured by a 1.10x cover on identified receivables, with maturity set for December 26, 2027. Additionally, the company has relocated its registered office within the Kamala Mills compound in Mumbai.
Key Highlights
Fundraising of ₹25 crore through 25,000 NCDs with a face value of ₹10,000 each
Coupon rate fixed at 11.16% per annum with a monthly payment frequency
Instrument is secured by a first ranking charge over receivables with 1.10x security cover
Tenure of 21 months and 3 days with a maturity date of December 26, 2027
Registered office shifted to Trade Garden, Kamala Mills, Mumbai effective March 20, 2026
👀 What to Watch
Investors should monitor the company's deployment of these funds into high-yield assets to offset the 11.16% borrowing cost. The secured nature of the NCDs provides some comfort, but the relatively high coupon reflects the company's specific credit risk profile.
Finkurve Financial (Arvog) Crosses ₹1,035 Crore AUM Milestone, Up 10x Since FY23
Finkurve Financial Services (Arvog) has achieved a major milestone by crossing ₹1,035 crore in Assets Under Management (AUM). This represents a nearly 10-fold increase compared to FY23 levels, highlighting rapid scaling in the gold loan segment. The company now operates over 100 branches across four states with a customer base exceeding 50,000. The growth is supported by a tech-first phygital model and a strategic partnership with Augmont Goldtech.
Key Highlights
AUM crossed ₹1,035 crore, marking a 10x surge compared to FY23 figures
Physical footprint expanded to 100+ branches across four Indian states
Customer base reached a milestone of over 50,000+ in the secured retail lending segment
Maintains a tech-first approach with disciplined underwriting and prudent LTV norms
Strategic tie-up with Augmont Goldtech enhances its integrated gold platform offerings
👀 What to Watch
Investors should track the company's ability to maintain asset quality and Net Interest Margins (NIMs) during this phase of hyper-growth. The 10x AUM expansion suggests strong market capture, making it a key player to watch in the niche gold loan NBFC space.
Finkurve (Arvog) Partners with Godrej Finance for Gold Loan Co-Lending (80:20 Ratio)
Finkurve Financial Services (Arvog) has officially launched a co-lending partnership with Godrej Finance Limited to offer gold loans under the RBI framework. Under this arrangement, Godrej Finance will provide 80% of the loan capital, while Finkurve will retain a 20% share. This capital-efficient model allows Finkurve to scale its gold loan portfolio without a proportionate increase in its own balance sheet deployment. Arvog will lead the operational aspects, including loan sourcing, gold valuation, and collections, while sharing risks and rewards proportionately.
Key Highlights
Strategic 80:20 co-lending ratio established with Godrej Finance Limited.
Arvog to manage the entire customer lifecycle including sourcing, KYC, and gold valuation.
Enables AUM growth in a capital-efficient manner with improved liquidity management.
Partnership leverages Godrej Capital's financial strength and Arvog's tech-first sourcing model.
Aims to deliver sustainable returns while maintaining a conservative risk profile.
👀 What to Watch
Investors should monitor the impact of this partnership on Finkurve's AUM growth and return on equity (ROE) over the coming quarters. This capital-light expansion strategy is a positive indicator of the company's ability to scale its core gold loan business.
Finkurve Financial Services to Raise Rs 50 Crore via Secured NCDs at 12% Coupon
Finkurve Financial Services has approved the issuance of secured Non-Convertible Debentures (NCDs) worth Rs 50 crore on a private placement basis. The NCDs carry a coupon rate of 12% with a bullet payment structure upon maturity after 24 months. The issue is secured by a 1.10x cover on identified receivables, providing a safety margin for lenders. This capital infusion is likely intended to support the company's lending operations or liquidity management.
Key Highlights
Total fundraise of Rs 50 crore through 5,000 NCDs of face value Rs 1,00,000 each.
Fixed coupon rate of 12% per annum with a bullet repayment after a 24-month tenure.
Issue is secured by a first ranking charge over receivables with a minimum security cover of 1.10x.
NCDs will be listed on the BSE Limited, providing a path for secondary market liquidity.
Default in payment will attract an additional interest of 2% per annum over the coupon rate.
👀 What to Watch
Investors should monitor the company's asset-liability management to ensure they can service the 12% interest and bullet repayment in 2028. The fundraise is a positive signal for growth capacity in their financial services business.
Finkurve Financial Services Receives Credit Rating Upgrade to IVR BBB+ for Rs 100.20 Cr Debt
Infomerics Ratings Limited has upgraded the credit ratings for Finkurve Financial Services Limited's debt instruments totaling Rs 100.20 crore. The rating for Non-Convertible Debentures and Long-term Term Loans has improved from IVR BBB/Stable to IVR BBB+/Stable. Short-term facilities, including overdrafts, were also upgraded from IVR A3+ to IVR A2. This upgrade signifies an improved credit profile, which could lead to reduced borrowing costs for the company's financial operations.
Key Highlights
Infomerics Ratings upgraded NCDs worth Rs 7.50 crore from IVR BBB/Stable to IVR BBB+/Stable
Long-term term loans of Rs 12.22 crore were upgraded to IVR BBB+/Stable with a stable outlook
Short-term facilities of Rs 29.61 crore saw an upgrade from IVR A3+ to IVR A2
Total rated debt facilities across various instruments amount to Rs 100.20 crore
👀 What to Watch
This upgrade reflects improved financial stability and may lower the company's cost of capital. Investors should maintain a positive outlook while monitoring the company's ability to scale its loan book profitably.
Finkurve Q3 FY26: AUM Surges 118% YoY to ₹833 Crores; PAT Up 24%
Finkurve Financial Services reported a robust 118% year-on-year growth in Assets Under Management (AUM), reaching ₹833 crores in Q3 FY26. The company's Profit After Tax (PAT) increased by 24% YoY, supported by a 31% rise in total income. Asset quality remains strong with NPAs below 2%, significantly lower than the industry average of approximately 3%. Management highlighted an expansion in the branch network to 98 locations and expects future growth to stabilize between 40-50% as the base increases.
Key Highlights
AUM grew 118% YoY to ₹833 crores, including off-book gold loans with banks
PAT increased 24% YoY and 18% QoQ, while ROA stood between 3.5% and 4%
Branch network expanded to 98 branches from 72 in the previous year
Maintained superior asset quality with NPAs under 2% vs industry average of 3%
Leverage increased to 1.67x following a ₹111 crore equity infusion in May
👀 What to Watch
Investors should monitor the company's ability to maintain high NIMs and asset quality as it scales its branch network and increases leverage. The stock remains a growth play in the secured gold loan segment with strong promoter backing from the Augmont group.
Finkurve Board Approves ₹60 Crore NCD Issue and Grants 4.75 Lakh ESOPs
Finkurve Financial Services has approved raising up to ₹60 Crores through the private placement of secured Non-Convertible Debentures (NCDs). The NCDs carry a coupon rate of 11.16% per annum with a 21-month tenure and monthly interest payments. Additionally, the company has granted 4,75,572 stock options to employees under its 2018 ESOP plan at an exercise price of ₹1.87 per share. This capital raise is intended to support the company's financial services operations and growth.
Key Highlights
Fundraising of up to ₹60 Crores via NCDs, including a ₹10 Crore green shoe option
NCDs offer an 11.16% annual coupon rate with monthly interest payouts starting March 2026
Instrument tenure is 21 months with a maturity date of November 12, 2027
Grant of 4,75,572 ESOPs at an exercise price of ₹1.87 per share to employees
NCDs are secured by a first-ranking charge on identified receivables via hypothecation
👀 What to Watch
Investors should monitor the company's deployment of these funds to ensure they generate returns exceeding the 11.16% cost of debt. The ESOP grant is a positive sign for talent retention but will result in minor equity dilution upon exercise.
Finkurve (Arvog) Reports 119% YoY AUM Growth to ₹833 Cr in Q3 FY26
Finkurve Financial Services (Arvog) delivered strong performance in Q3 FY26, with Assets Under Management (AUM) surging 119% YoY to ₹833.15 crore. The company has successfully pivoted its business model, with gold loans now constituting 93% of the total loan book compared to 39% in FY23. Asset quality improved significantly as Net NPA dropped to 0.54% from 1.84% in the previous year. The company is aggressively expanding its footprint, reaching 98 branches primarily across South India, while maintaining a healthy NIM of 15.2%.
Key Highlights
AUM grew by 119% YoY to ₹833.15 crore, with gold holdings under management rising 57% to 970.57 kg.
Net NPA improved by 130 bps YoY to 0.54%, indicating robust collection efficiency and collateral management.
Strategic shift to retail gold loans is nearly complete, with the segment now representing 93% of the portfolio.
Net worth increased 66% YoY to ₹335.80 crore following successful capital raises and internal accruals.
Branch network expanded to 98 locations with a focus on high-growth Tier-2 and Tier-3 markets.
👀 What to Watch
Investors should note the company's successful transition into a specialized gold-loan NBFC with improving asset quality and strong parentage from the Augmont Group. Monitor the sustainability of the 15%+ NIMs as the company continues its rapid branch expansion.
Finkurve Q3 FY26: AUM Surges 118.6% YoY to ₹833 Cr, PAT Up 23.9%
Finkurve Financial Services reported a massive 118.6% YoY growth in Assets Under Management (AUM) to ₹833.15 crore for Q3 FY26. Net Profit (PAT) rose 23.9% YoY to ₹6.98 crore, while Total Income grew 31.19% to ₹52.47 crore. The company maintained strong asset quality with a Gross NPA of 0.71% and a healthy Capital Adequacy Ratio of 39.29%. Strategic expansion continued with the branch network reaching 98 locations, up from 72 a year ago, supported by a recent NSE listing.
Key Highlights
AUM grew by 118.6% YoY to ₹833.15 crore, including off-book AUM of ₹13.86 crore
Net Interest Income (NII) increased 74.6% YoY to ₹28.67 crore with a NIM of 15.24%
Asset quality remains robust with Gross NPA at 0.71% and Net NPA at 0.54%
Disbursements for the quarter stood at a significant ₹1,373.99 crore
Branch network expanded to 98 locations, with average gold loan per branch rising 81.2% YoY
👀 What to Watch
Investors should monitor the company's ability to maintain high NIMs and asset quality as it aggressively scales its AUM. The recent NSE listing and appointment of a new CEO are positive indicators of institutional growth and governance.
Finkurve Financial Q3 Net Profit Rises 24% YoY to ₹6.98 Cr; Revenue Up 30%
Finkurve Financial Services reported a strong performance for the quarter ended December 31, 2025, with total revenue from operations growing 30% YoY to ₹51.96 crore. Net profit for the quarter increased by 24% YoY to ₹6.98 crore, driven primarily by a significant jump in interest income which rose to ₹42.26 crore. For the nine-month period, the company recorded a profit of ₹17.99 crore compared to ₹13.49 crore in the previous year. The company also highlighted its expansion into gold loan co-lending, contributing ₹13.86 crore to off-book AUM.
Key Highlights
Total Revenue from operations grew 30.3% YoY to ₹5,196.20 Lakhs in Q3 FY26.
Net Profit for the quarter increased 23.9% YoY to ₹698.33 Lakhs from ₹563.81 Lakhs.
Interest income saw a sharp rise to ₹4,226.47 Lakhs from ₹2,075.53 Lakhs in the same quarter last year.
Maintained a healthy Capital Adequacy Ratio (CRAR) of 39.30% with Tier I at 39.05%.
Asset quality reported with Gross NPA at ₹582.72 Lakhs and Net NPA at ₹439.36 Lakhs as of Dec 31, 2025.
👀 What to Watch
The company demonstrates robust growth in its core lending business and maintains a very strong capital adequacy ratio. Investors should monitor the scaling of the new gold loan co-lending vertical and the impact of rising finance costs on future margins.
Finkurve Financial Q3 Net Profit Rises 24% YoY to ₹6.98 Crore; Revenue Up 30%
Finkurve Financial Services (Arvog) reported a strong Q3 FY26 with total revenue from operations growing 30.3% year-on-year to ₹51.96 crore. Net profit for the quarter increased by 23.8% to ₹6.98 crore compared to ₹5.64 crore in the previous year's corresponding quarter. The company's nine-month profit of ₹17.99 crore has already surpassed its total FY25 profit of ₹17.41 crore. While interest income surged to ₹42.26 crore, finance costs also rose significantly to ₹13.60 crore as the company scales its borrowing.
Key Highlights
Net Profit for Q3 FY26 stood at ₹6.98 crore, up from ₹5.64 crore in Q3 FY25.
Total Revenue from operations reached ₹51.96 crore, driven by a 103% YoY increase in interest income.
Capital Adequacy Ratio (CRAR) remains very healthy at 39.30%, providing significant room for growth.
Gross Non-Performing Assets (GNPA) reported at ₹5.83 crore with Net NPA at ₹4.39 crore.
Successfully initiated Gold Loan co-lending, reaching an off-book AUM of ₹13.86 crore as of Dec 2025.
👀 What to Watch
The company is showing robust growth in its core interest-earning book and diversifying through co-lending models. Investors should monitor the impact of rising finance costs on margins and the stability of asset quality as the loan book expands.
Finkurve (Arvog) Reaches Milestone with 100th Tech-Enabled Gold Loan Branch
Finkurve Financial Services, operating under the brand Arvog, has announced the commencement of its 100th tech-enabled gold loan branch. This marks a significant scale-up from just 4 branches in 2021 to 100 branches in 2026, representing a rapid 25x network growth in five years. The company's strategy focuses on a 'phygital' model, leveraging digital underwriting and centralized risk management to drive its retail secured lending business. Gold loans now constitute the majority of the company's Assets under Management (AUM).
Key Highlights
Expanded branch network from 4 units in 2021 to 100 units by January 2026.
Gold loan vertical now forms the majority of the company's total Assets under Management (AUM).
Implementation of a 'phygital' strategy combining physical branches with digital underwriting and risk frameworks.
Strategic partnership with Augmont Goldtech to provide integrated gold-related financial services.
Focus on retail secured lending to ensure sustainable value and robust risk management.
👀 What to Watch
Investors should track the upcoming quarterly earnings to see if this 25x branch expansion translates into proportional AUM and profit growth. The company's ability to scale a secured lending book using technology makes it a relevant player in the niche NBFC space.
Finkurve Financial to Raise ₹35 Crore via Secured NCDs at 11.16% Coupon
Finkurve Financial Services has approved the issuance of 35,000 secured Non-Convertible Debentures (NCDs) to raise ₹35 crore on a private placement basis. The NCDs carry a high coupon rate of 11.16% per annum with interest payable on a monthly basis. The tenure of the instrument is approximately 18 months, with a final maturity date set for July 7, 2027. This fundraise is secured by a first ranking charge on identified receivables, aimed at strengthening the company's capital base for its financial operations.
Key Highlights
Total fundraise of ₹35 crore through 35,000 NCDs with a face value of ₹10,000 each
Coupon rate fixed at 11.16% per annum with a monthly interest payment schedule
Tenure of 18 months and 7 days with maturity scheduled for July 7, 2027
NCDs are secured by a first ranking, exclusive, and continuous charge on identified receivables
Issuance to be conducted via the Electronic Bidding Platform (EBP) on a private placement basis
👀 What to Watch
Investors should monitor the company's deployment of these funds into high-yield assets to ensure the 11.16% cost of debt is comfortably covered by interest income. The successful raising of debt at this rate indicates the company's active pursuit of growth in its lending book.
