Reply to Clarification- Financial results

January 19, 2026 The Manager – Compliance Department National Stock Exchange of India Limited ‘Exchange Plaza’ Bandra Kurla Complex, Bandra (East) Mumbai 400051 NSE Symbol: Equity: FINKURVE Subject: Clarification to NSE Query vide mail dated January 19, 2026, on Outcome of Financial Results dated November 13, 2025 Dear Sir/Madam, This is with reference to your query regarding the submission of the outcome of the Board Meeting pertaining to the financial results approved on November 13, 2025. In this regard, we hereby submit the following clarifications: 1. Machine Readable / Legible Copy of Financial Results The financial results were duly submitted; however, due to inadvertent technical issues arising from PDF merging and the use of different scanners, the uploaded document was not legible/machine readable. The same was unintentional. The Company has now herewith attached the financial results in a clear and legible format and shall ensure that such issues do not recur in future submissions. 2. Signing of Financial Results by Authorized Signatory With respect to the observation regarding the signing of the financial results, we wish to clarify that the same have been signed in compliance with Regulation 33(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which states that the financial results shall be signed by the Chairperson, Managing Director, Whole-time Director, or, in their absence, any other director authorized by the Board. Mr. Ketan Kothari, being Chairperson of the Company and duly authorized by the Board of Directors as per the Board Resolution passed at its meeting held on November 13, 2025, to sign the financial results. Accordingly, the submission is in full compliance with the applicable provisions of SEBI LODR Regulations. We trust the above clarifications adequately address your observations. Kindly take the same on record. Regards For Finkurve Financial Services Limited Kajal Parmar Company Secretary & Compliance Officer Membership No. A65484 November 13, 2025 To, To, Listing Department The Manager - Compliance Depa11ment BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, 'Exchange Plaza' Bandra Kurla Complex, Mumbai - 400 001 Bandra (East) Mumbai 400051 Scrip Code: NSE Symbol: Equity: 5089.54 Equity: FINKURVE Debt: 976279 & 977033 Subject: Outcome of Board Meeting held on November 13, 2025 Dear Sir/Madam, In terms of Regulations 30, 33, 52 and 54 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), as amended from time to time we would like to inform that the Board of Directors of the Company, at their meeting held today, i.e., November 13, 2025 have inter- alia considered and approved the following: 1. Unaudited Financial Results of the Company pursuant to Regulation 33 and 52 of LODR for the quarter and half year ended September 30, 2025. A copy of the said results along with the Limited Review Report thereon issued by the Statutory Auditors of the Company M/s Ladha Singha! & Associates, Chartered Accountants are enclosed herewith as "Annexure 1" and will be uploaded on the Company's website i.e. ,vvv\v.arvo2..cnm on conclusion of the aforesaid Board meeting; 2. A statement indicating utilization of issue proceeds and deviation or variation in use of issue proceeds of Preferential Issue of Equity Shares and Share Warrant on Private Placement Basis from the objects of the issue under Regulation 32 (1) and is enclosed herewith as "Annexure 2"; 3. Security Cover Ce1tificaie issued by M/s. Ladha Singha! & Associates, Chartered Accountants, Statutory Auditors, pursuant to Regulation 54 of LODR, read with SEBI Master Circular No. SEBI/HO/DDHS-PoD3/P/CJR/2024/46 dated May 16, 2024, as amended, for the quarter and half year ended September 30, 2025 and is enclosed herewith as "Annexure 3"; 4. Appointment of Mr. Naveen Kottala (PAN: BCPPK l 609F) as Chief Executive Officer of the Company and Key Managerial Personnel under the Companies Act, 2013, with date of joining from November 18, 2025. The details required in terms of Regulation 30 read with Schedule Ill -Para A (7B) of Part A of the Listing Regulations and SEBI Master Circular having reference SEBI/HO/CFD/PoD2/CIR/P/0 I 55 dated November 11, 2024, w.r.t. the change in CEO as mentioned in point 4 above is furnished herewith. Arvog Finkurve Financial Services limited Registered Office: 202~ A, 02nd Floor, Trade World, D-wing, Kamala Mills Compound, S.B Marg, Lower Porel (West), Mumbai-400013, Indio CIN: L65990MH 1984PLC032403 Tel, +91 224 2441200 I Email: mail@qrvog.com/ finkurvefinanciol@gmoil.com I Web: www.orvog.com 5. Reconstitution of Asset-Liability committee and Risk management committee of the Board of Directors, with effect from November 18, 2025. The composition of the reconstituted committees is provided in "Annexure 4" The meeting of Board of Directors commenced at 4:30 p.m. and concluded at 5:00 p.m. (1ST) Kindly take this information on record. Thanking you, For Finkurve Financial Services Limited Company Secretary & Compliance Officer Membership No: ACS65484 Encl. ala FINKURVE FINANCIAL SERVICES LIMITED CIN: L65990MH1984PLC032403 Regd. Office: 202/A, 2nd Floor, Trade World, D Wing, Kamala Mills Compound, Lower Parel West, Mumbai -400013 Tel No: 022-42441200; Email id: finkurvefinancial@gmail.com; Website: www.arvog.com Statement of Unaudited Financial Results for the quarter and six month ended 30th September, 2025 ~ in Lakhs Particulars Quarter ended Half year ended Year ended 30/Sep/25 30/Jun/25 30/Sep/24 30/Sep/25 30/Sep/24 31/Mar/25 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue From Operations -Interest income 3,402.50 2,659.83 1,876.07 6,062.33 3,632.94 8,016.70 -Fees and commission income 1,388.78 1,323.51 1,314.11 2,712.29 2,399.77 5,858.61 -Net gain on fair value changes 13.54 4.51 (0.00) 18.05 0.25 172.63 Total Revenue from operations 4,804.83 3,987.84 3,190.18 8,792.68 6,032.96 14,047.93 II Other Income 9.28 15.89 23.01 25.16 30.55 57.97 Ill Total Income {1+11) 4,814.11 4,003.73 3,213.20 8,817.84 6,063.51 14,105.90 IV EXPENSES Finance costs 835.76 707.92 390.37 1,543.68 639.65 1,635.54 Fees and commission expenses 1,645.83 1,272.64 1,291.25 2,918.48 2,514.68 5,731.85 Net loss on fair value changes - - - - - Impairment/ (Reversal of Impairment) on financial 526.57 478.30 431.29 1,004.88 937.79 1,795.89 instruments Employee benefits expense 446.35 396.45 326.75 842.80 425.19 1,146.41 Depreciation and amortization expense 74.52 75.04 15.90 149.56 24.07 105.25 Other expenses 545.86 390.07 291.80 935.92 466.63 1,329.07 Total expenses {IV) 4,074.89 3,320.42 2,747.36 7,395.31 S,008.00 11,744.00 V Profit before tax 739.22 683.31 465.84 1,422.53 1,055.51 2,361.90 VI Tax expense 147.33 174.20 118.95 321.53 269.98 621.18 VII Profit for the period 591.89 509.11 346.87 1,101.00 785.53 1,740.73 VIII Other Comprehensive Income A. (i) Items that will not be reclassified to Profit or Loss - - (22.89) Income/ (Expenses) -Remeasurement of the defined - - - - (ii) Income tax relating to Items that will not be reclassified - 5.76 to Profit or Loss - - - - Total other comprehensive income for the period {VIII} - - - - - (17.13) IX Total comprehensive income for the year 591.89 509.11 346.87 1,101.00 785.53 1,723.60 X Paid up equity share capital 1,400.19 1,400.19 1,268.58 1,400.19 1,268.58 1,269.09 XI Other Equity 19,370.06 XII share) Basic {INR) 0.42 0.38 0.27 0.81 0.62 1.37 Diluted {INR) 0.42 0.38 0.27 0.81 0.62 1.37 Notes: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meetings held on November 13, 2025, and the Statutory Auditors of the Company has carried out the Limited review of the same. 2. These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accou [Showing first 8,000 characters — download PDF for full document]