Enclosed Monitoring Agency Report

August 13, 2026 To, To, Listing Department The Manager – Compliance Department 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: 508954 NSE Symbol: FINKURVE Subject: Monitoring Agency Report under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through the Preferential Issue of Equity Shares and Share Warrants on a private placement basis by the Company. The draft Monitoring Agency Report has been reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on August 13, 2026. The same may please be taken on record and suitably disseminated to all concerned. Thanking you For Finkurve Financial Services Limited Kajal Parmar Company Secretary & Compliance Officer Membership No: ACS65484 Encl: as above Monitoring Agency Report Finkurve Financial Services Limited for the quarter ended June 30, 2026 CRL/MAR/GDS18919/2026-27/1872 August 13, 2026 Finkurve Financial Services Limited 202/A, 02nd Floor, Trade World, D-Wing, Kamala Mills Compound, S. B. Marg, Lower Parel West Mumbai, Maharashtra, 400013 Dear Sir, Sub: Monitoring Agency Report for the quarter ended June 30, 2026 – in relation to the Preferential Issue of Finkurve Financial Services Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and Monitoring Agency Agreement dated February 04, 2025, entered with the Company, we enclose the Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Preferential Issue for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency (MA) Name of the issuer: Finkurve Financial Services Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Finkurve Financial Services Limited Names of the promoter: a. Mrs. Devkumari Manekchand Kothari b. Mrs. Kalawati Prithviraj Kothari c. Mr. Ketan B Kothari d. Mrs. Mohinidevi Bhanwarlal Kothari Industry/sector to which it belongs: Non-Banking Financial Company (NBFC) 2) Issue Details Issue Period: May 21 and May 27, 2025 Type of issue: Preferential Issue Type of specified securities: Equity Shares and warrants IPO Grading, if any: NA Issue size: Issue proceeds revised from Rs 157.11 crores (assuming conversion of all the Warrants into equivalent number of Equity Shares, and receipt of the money on such conversion) to Rs. 141.50* crores due to undersubscription (Refer note 1) *Crisil Ratings shall be monitoring the revised issue proceeds Note 1: The issue size comprises Rs. 101.50 crores from preferential issue of equity shares and Rs. 40.00 crores from preferential issue of warrants, convertible into equity shares. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of Comments certifications considered Particulars Reply the Monitoring of the Board by Monitoring Agency Agency of Directors for preparation of report Statutory Auditor’s Certificate^, No proceeds Management were utilised Whether all utilization is as per the No NA Undertaking, during the disclosures in the offer document? Comments Bank Statement, reported Notice to EGM dated quarter January 08, 2025 Whether shareholder approval has been obtained in case of material deviations# No NA No Comments from expenditures disclosed in the offer Comments Statutory Auditor’s document? Certificate^, Whether the means of Finance for the Management disclosed objects of the issue has No Undertaking, No Comments Comments changed? Source of information / Comments of Comments certifications considered Particulars Reply the Monitoring of the Board by Monitoring Agency Agency of Directors for preparation of report Is there any major deviation observed over the earlier monitoring agency No No Comments Comments reports? Whether all Government/statutory approvals related to the object(s) have NA No Comments Comments been obtained? Statutory Auditor’s Whether all arrangements pertaining to Certificate^, technical assistance/collaboration are in NA Management No Comments Comments operation? Undertaking, Are there any favourable events No NA No Comments improving the viability of these object(s)? Comments Are there any unfavourable events No No Refer note 2 affecting the viability of these object(s)? Comments Stock exchange Is there any other relevant information that may materially affect the decision No Refer note 2 Comments making of the investors? # Where material deviation may be defined to mean: - (a) Deviation in the objects or purposes for which the funds have been raised. (b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. NA represents Not Applicable ^ Certificate dated August 06, 2026, issued [Showing first 8,000 characters — download PDF for full document]