Key Quantitative Figures & Details

Resolution 1: Appointment of Director

  • Proposed Director: Mr. Rajendran Chinna Veerappan (DIN: 00460061)
  • Role: Non-Executive, Non-Independent Director
  • Initial Appointment Date: April 24, 2026 (as an Additional Director)
  • Date of Birth: April 8, 1955 (Age 71)
  • Qualifications: M.COM, CAIIB
  • Experience: 44 years in banking and financial services, including former CEO of CSB Bank, former CMD of Andhra Bank, and former CEO of AMFI.
  • Current Directorships: NCML Finance Private Limited, Share India Securities Limited, Hella Infra Market Limited, National Commodities Management Services Limited.
  • Board Meetings Attended (FY25-26): 3 meetings since his appointment on April 24, 2026.
  • Remuneration: As per the company's Nomination and Remuneration Policy. No specific figure is disclosed.

Resolution 2: Modification of Material Related Party Transaction

The resolution seeks to revise the limit for accepting loans from the related party M/s. Aranath Real Estate Private Limited.

  • Existing Approved Limit: ₹100.00 Crore (principal + interest outstanding)
  • Proposed Revised Limit: ₹200.00 Crore (principal + interest outstanding)
  • Relationship: A Private Company in which a relative of a Director (Mr. Ketan Kothari) is a Director.
  • Duration of Approval: Until the conclusion of the 42nd Annual General Meeting.
  • Other Approved RPT Limits (Remain Unchanged):
  • Augmont Goldtech Private Limited: ₹50 Crore
  • Augmont Enterprises Limited: ₹200 Crore
  • HR Commercials Private Limited: ₹25 Crore
  • Ideal Fiscal Services Limited: ₹50 Crore

Financial Details of Aranath Real Estate Private Limited (Related Party)

  • FY25 Audited Financials (₹ Crore):
  • Turnover: 30.92
  • Profit After Tax: 7.24
  • Net Worth: 373.49
  • Historical Transactions with Finkurve (₹ Crore):
  • FY25: Grant of loan: 107.62; Acceptance of loan: 134.13
  • FY26 (Apr-May 2026, Unaudited): Grant of loan: 15.00; Acceptance of loan: 21.49
  • Proposed Transaction Value as % of Co.'s Loan Book: 18.68%
  • Terms of Proposed Loan: Unsecured, interest rate and repayment terms to be mutually agreed upon based on market rates. Purpose is for business operations, lending activities, working capital, and general corporate purposes.

Parties Involved

  • Listed Entity: Finkurve Financial Services Limited
  • Related Party Counterparty: Aranath Real Estate Private Limited
  • Scrutinizer: Mr. Mayank Arora, Partner of M/s. Mayank Arora & Co. (Practicing Company Secretaries, Mumbai)
  • RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Interested Parties: Mr. Ketan Kothari (Promoter and Non-Executive Director) is deemed to have an indirect interest in Resolution 2.

Dates and Timelines

  • Cut-off Date for determining shareholders eligible to vote: Thursday, June 04, 2026
  • E-Voting Commencement: 9:00 a.m. IST on Monday, June 08, 2026
  • E-Voting Conclusion: 5:00 p.m. IST on Tuesday, July 07, 2026
  • Result Declaration: Not later than two working days after the conclusion of e-voting (i.e., on or before July 09, 2026).
  • Resolution Effective Date: If approved, the resolution shall be deemed passed on the last date of e-voting, i.e., July 07, 2026.

Financial & Operational Impact

  • The approval for Resolution 2 will provide the company with enhanced liquidity and funding capacity by doubling its borrowing limit from a specific related party.
  • The company states the transaction is in the ordinary course of its NBFC business and will be conducted on an arm's length basis.
  • The appointment in Resolution 1 adds experienced leadership to the board.
  • The financial impact of the increased borrowing capacity is not quantified beyond the revised limit itself.

Governance & Compliance

  • The Board of Directors meeting dated June 03, 2026, recommended the resolutions.
  • The Audit Committee reviewed and approved the revision of the Related Party Transaction limit on June 03, 2026.
  • The Nomination and Remuneration Committee recommended the director appointment.
  • A notice under Section 160 of the Companies Act has been received from a member proposing Mr. Veerappan's candidature.
  • Related parties are restricted from voting on Resolution 2 as per Regulation 23 of the SEBI Listing Regulations.

Availability of Documents

The notice and explanatory statement are available for inspection electronically until July 07, 2026, upon request to finkurvefinancial@gmail.com. They are also available on the company's website (www.arvog.com), the stock exchange websites (BSE, NSE), and the NSDL e-voting website.