SG Finserve Limited held its 32nd Annual General Meeting (AGM) on June 30, 2026, through video conferencing, where shareholders approved the audited financial statements for the financial year ended March 31, 2026. The meeting, chaired by Mr. Deepak Kumar, saw the adoption of the Board of Directors' and Auditors' reports with 99.9999% of votes in favour. Remote e-voting was conducted from June 27 to June 29, 2026, alongside e-voting during the meeting.

Director Appointments

Shareholders approved the re-appointment of Mr. Rohan Gupta (DIN: 08598622), who retired by rotation, with 99.9284% of votes in favour. Additionally, Mr. Deepak Kumar (DIN: 03056481) was appointed as a Non-Executive Non-Independent Director, receiving near-unanimous approval. A special resolution to approve remuneration for Mr. Deepak Kumar passed with 97.5403% support, though public institutions cast 68.7598% of their votes against it.

Related Party Transactions

The AGM approved material related party transactions concerning factoring arrangements and first loss default guarantee under the channel finance programme. This resolution received 86.2413% votes in favour. Notably, 1,059,077 votes cast by Promoter Shri Rahul Gupta were rendered invalid as he voted on a resolution in which the promoter group was interested.

Summary of Voting Results

The scrutinizer's report, presented by Shri Jatin Gupta of M/s Jatin Gupta & Associates, confirmed that all resolutions were passed as proposed. Key attendees included Mr. Vinay Gupta, Chief Executive Officer, and Mr. Sanjay Rajput, Chief Financial Officer.

SG Finserve Limited appointed Mr. Deepak Kumar as Director (Non-Executive Non-Independent) at its meeting held on June 30, 2026. This appointment follows a change in designation from Additional Director, based on the recommendations of the Board of Directors and the Nomination and Remuneration Committee. The company confirmed that Mr. Kumar is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India (SEBI) or other authority.

Profile and Experience

Mr. Deepak Kumar is a distinguished member of the Institute of Chartered Accountants of India (ICAI) with over two decades of professional experience. He possesses extensive expertise in finance, corporate strategy, and operations management. Currently, he serves as Director (Operations) and Group Chief Financial Officer at APL Apollo Tubes Limited, overseeing financial planning, treasury, taxation, compliances, and overall business operations.

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