Finkurve Financial Services Limited has declared that the proceeds from its Preferential Issue of Equity Shares and Share Warrants, raised on private placement basis during the nine months ended December 31, 2025, were utilized as stated in the offer document. The company reported no material deviation in the use of these proceeds. The statement, prepared for the quarter ended December 31, 2025, was reviewed and noted by the Audit Committee during its meeting on February 06, 2026. The funds raised, amounting to ₹141.50 Crore, were primarily intended for onward lending, investment, and repayment of borrowings. As of December 31, 2025, ₹111.50 Crore had been utilized for these purposes, with ₹30 Crore representing 75% of the share warrants subscription amount yet to be received. The company has confirmed that there is no deviation or variation in the use of funds raised through the preferential issue, which took place on May 21, 2025, and May 27, 2025. CRISIL Rating Limited is the monitoring agency for these funds.
