Finkurve Financial Services Limited held a Board Meeting on April 24, 2026, to approve the allotment of 93,500 equity shares under its 2018 ESOP Plan. Additionally, based on the recommendation of the Nomination & Remuneration Committee, the Board approved the appointment of Mr. Rajendran Chinna Veerappan as an Additional Director (Non-Executive Non-Independent) effective April 25, 2026.

The ESOP allotment included 60,000 shares to the Chief Financial Officer, Mr. Aakash Nemichand Jain, and 33,500 shares to the Senior Manager of Accounts, Mrs. Sugandhi Ravi Kumar. These shares were issued at an exercise price of Rs. 27 per share, increasing the company’s paid-up capital to Rs. 14,01,43,988. Mr. Rajendran Chinna Veerappan, the newly appointed director, brings over 44 years of experience, having previously served as the CEO of CSB Bank and Chairman of Andhra Bank.

Finkurve Financial Services Limited, operating under the brand “Arvog,” is an RBI-registered non-banking financial company (NBFC) specializing in gold loans and digital personal loans. In early 2026, the company announced a strategic co-lending partnership with Godrej Finance Limited to offer gold loan products, with Godrej holding an 80% participation and Arvog retaining 20%. The company has also been active in the debt market, recently approving various fundraises through Non-Convertible Debentures (NCDs) totaling over Rs. 1,000 million across late 2025 and early 2026 to support its calibrated growth.

For the quarter ended December 31, 2025, the company reported a standalone net profit of Rs. 6.98 Crores, representing a 23.76% increase compared to the previous year’s corresponding quarter. Sales for the same period reached Rs. 51.96 Crores, marking a 30.32% year-on-year growth. The company’s shareholding pattern as of late 2025 includes notable institutional and individual investors, such as Thomas John Muthoot, who holds approximately 13.15% of the shares. Throughout 2025, the company focused on expanding its digital lending footprint and maintaining a robust asset quality with its AI-first approach.