NSE Symbol

FINKURVE

Key Decisions Approved

1. Fundraising Through Non-Convertible Debentures (NCDs)

The Board approved raising funds through the issuance of Non-Convertible Debentures (NCDs) for an amount up to ₹50,00,00,000 (Rupees Fifty Crores only) on a private placement basis via Electronic Bidding Platform under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The Draft Letter of Offer was approved for the same.

Detailed NCD Terms (Annexure A):

  • Type of Security: Rated, Listed, Senior, Secured, Redeemable, Transferable Non-Convertible Debentures
  • Issuance Type: Private Placement through EBP Platform
  • Number of NCDs: 5,000 (Five Thousand)
  • Face Value: ₹1,00,000 each
  • Issue Price: ₹1,00,000 each
  • Total Issue Size: ₹50,00,00,000 (Indian Rupees Fifty Crores only)
  • Listing Exchange: BSE Limited
  • Tenure: 33 Months and 19 days from the Deemed Date of Allotment
  • Allotment Date: June 29, 2026
  • Maturity Date: April 17, 2029
  • Coupon Rate: 11.55% per annum
  • Interest Payment Frequency: Quarterly, commencing from September 28, 2026
  • Final Payment: Last interest installment and principal repayment on April 17, 2029
  • Security: Debentures shall be secured by a first ranking, exclusive and continuous charge on the identified receivables by way of hypothecation in favour of the Debenture Trustee
  • Default Interest: 2% per annum over and above the Coupon Rate for delays in payment of interest/principal beyond three months

2. Appointment of Senior Management Personnel

Based on the recommendation of the Nomination & Remuneration Committee, the Board approved the following appointments:

Mr. Raju Bipinkumar Shah (PAN: ALRPS0502M)

  • Designation: Chief Risk Officer (CRO)
  • Date of Appointment: June 25, 2026
  • Profile: Seasoned financial services professional with over 21 years of experience across credit administration, risk management, policy formulation, and portfolio management. Previously held leadership roles at ICICI Bank, Citi financial, HDB Financial Services, Lendingkart, and Capri Global Capital. Most recently served as Head of Risk & Policy at Capri Global Capital, overseeing risk governance for Gold Loan, MSME, and Digital Lending portfolios exceeding ₹20,000 Crore. Expertise includes credit underwriting, risk frameworks, NPA management, scorecard development, co-lending partnerships, and regulatory compliance.
  • Relationships: None disclosed

Mr. Husain Mohammed Pittalwala (PAN: CWPPP6582D)

  • Designation: Compliance Head
  • Date of Appointment: June 29, 2026
  • Profile: Qualified Company Secretary and law graduate with approximately five years of experience in regulatory compliance, Corporate Governance, Company Secretarial functions. Previously associated with Hiranandani Financial Services Private Limited (Middle Layer NBFC) as Senior Manager – Compliance, Svamaan Financial Services Group, Catalyst Trusteeship Limited, Zee Entertainment Enterprises Limited, and IDBI Capital Markets & Securities Limited. Holds a Bachelor of Laws (LL.B.) and Bachelor of Commerce.
  • Relationships: None disclosed

Meeting Details

  • Meeting Date: June 25, 2026
  • Commencement Time: 11:30 a.m.
  • Conclusion Time: 12:05 p.m.

Additional Information

The information has been made available on the company website at www.arvog.com.

Kajal Parmar, Company Secretary & Compliance Officer (Membership No: ACS65484)