Finkurve Financial Services has confirmed that the proceeds of its recent preferential issue of equity shares and share warrants, totaling Rs. 141.50 Cr, were used for their stated purposes.

There was no material deviation in the utilization of these funds from the original objects, which included onward lending, investments, and debt repayment.

Of the total, Rs. 111.50 Cr has been utilized.

This confirmation, ensuring proper deployment of capital, was reviewed by the Audit Committee, providing transparency to stakeholders regarding fund usage.