Description

BSE announces the listing of two new debt securities issued by Finkurve Financial Services Limited on private placement basis with face value of Rs. 1,00,000 each and interest rates of 11.15% and 11.25% p.a.

Summary

BSE has listed two new debt securities issued by Finkurve Financial Services Limited on private placement basis, effective November 26, 2025. The securities comprise 2,000 debentures with 11.15% p.a. interest rate maturing in 2027, and 3,000 debentures with 11.25% p.a. interest rate maturing in 2028. Both securities have a face value of Rs. 1,00,000 each and are rated CRISIL BBB/Stable.

Key Points

  • Two new debt securities listed on BSE Debt segment effective November 26, 2025
  • Security 1: 2,000 debentures (ISIN: INE734I07040, Scrip Code: 977315) with 11.15% p.a. interest, maturing November 25, 2027
  • Security 2: 3,000 debentures (ISIN: INE734I07057, Scrip Code: 977317) with 11.25% p.a. interest, maturing November 28, 2028
  • Face value and issue price: Rs. 1,00,000 per debenture for both securities
  • Credit rating: CRISIL BBB/Stable for both securities
  • Market lot size: 1 unit for both securities
  • Interest payment frequency: Monthly for both securities
  • Allotment date: November 25, 2025
  • Securities will trade only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes. This is a standard listing notification for new debt securities issued on private placement basis.

Compliance Requirements

  • Trading members must ensure that these securities are traded only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications should be directed to BSE debt department at contact numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 25, 2025
  • Listing Date: November 26, 2025
  • First Interest Payment (Security 1): January 1, 2026
  • First Interest Payment (Security 2): January 1, 2026
  • Redemption Date (Security 1): November 25, 2027
  • Redemption Date (Security 2): November 28, 2028
  • Interest Payment Period (Security 1): Monthly from January 1, 2026 to November 25, 2027
  • Interest Payment Period (Security 2): Monthly from January 1, 2026 to November 28, 2028

Impact Assessment

This listing has minimal market-wide impact as it involves private placement debt securities of a specific financial services company. The impact is primarily limited to:

  • Debt market participants and institutional investors who may trade these securities
  • Existing investors in Finkurve Financial Services Limited
  • Trading members of BSE who need to be aware of the new listings for client servicing

The securities carry a CRISIL BBB/Stable rating, indicating moderate credit quality with adequate capacity for timely payment of financial commitments. The relatively high interest rates (11.15% and 11.25% p.a.) reflect the credit risk profile. With no put/call options, these are straightforward debt instruments. The monthly interest payment structure provides regular income to investors.

Impact Justification

Routine debt securities listing notice with limited market-wide impact, relevant primarily to debt market participants and investors in Finkurve Financial Services securities