SG Finserve Limited has incorporated a wholly owned subsidiary, SG Insurance Brokers Limited, to expand its operations into the insurance broking sector. The subsidiary was incorporated on June 19, 2026, with the Certificate of Incorporation received on June 20, 2026. This strategic move allows the company to undertake direct insurance broking in both general and life insurance segments, subject to regulatory approvals.

The incorporation was approved by the Registrar of Companies, and the entity is fully owned by SG Finserve Limited. The authorized capital of SG Insurance Brokers Limited stands at Rs. 1,00,00,000, divided into 10,00,000 equity shares of Rs. 10 each. The entire paid-up share capital is held by the parent company as of the incorporation date.

Commencement of insurance broking operations is contingent upon receiving necessary approvals and registration from the Insurance Regulatory and Development Authority of India (IRDAI). The company has stated that it will inform the stock exchanges upon receipt of such approval. All activities will comply with applicable laws and regulatory requirements.

The details of the incorporation were disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially proposed the incorporation of this subsidiary in a disclosure dated January 23, 2026.

Key Details of SG Insurance Brokers Limited

SG Finserve Limited has confirmed the completion of the dispatch of the Notice of its 32nd Annual General Meeting (AGM) and the Annual Report for the financial year ended March 31, 2026. The company published newspaper advertisements in the Financial Express (All India Edition) and Jansatta (Delhi Edition) on June 07, 2026, informing equity shareholders about the dispatch. The AGM is scheduled for Tuesday, June 30, 2026, at 11:00 A.M. IST, to be held through Video Conferencing (VC) and Other Audio Visual Means (OAVM), without the physical presence of members at a common venue. The deemed venue of the meeting shall be the registered office of the company.

The process of sending the AGM Notice and Annual Report, along with login details for joining the meeting through VC/OAVM facility including e-voting, was completed on Friday, June 05, 2026, via email to all members whose email addresses were registered with the company, its Registrar and Share Transfer Agent (RTA), or their respective Depository Participants (DPs). The documents are also available on the company's website at www.sgfinserve.com , as well as on the websites of BSE, NSE, and Central Depository Services Limited (CDSL) at www.evotingindia.com . Physical copies of the Notice and Annual Report shall be made available to members upon request.

AGM Agenda

The 32nd AGM will transact several key items of business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Rohan Gupta, who retires by rotation. Shareholders will also vote on the appointment of Mr. Deepak Kumar as a Non-Executive Non-Independent Director and the approval of remuneration for FY 2026-27, which includes entitlements to Employee Stock Options and sitting fees.

E-Voting Details

SG Finserve has provided a remote e-voting facility to all eligible members through CDSL. Members holding shares in physical or dematerialised form as of the cut-off date of Tuesday, June 23, 2026, are eligible to participate. The voting rights of members shall be in proportion to the equity shares held by them in the paid-up equity share capital of the company as on the cut-off date. The result of voting will be declared within 2 working days from the conclusion of the AGM, i.e., on or before July 02, 2026, and the results along with the consolidated Scrutinizer's Report will be placed on the company's website.

Shri Jatin Gupta, Practicing Company Secretary (Membership No.: FCS 5651; COP No. 5236), has been appointed as Scrutinizer to oversee the entire e-voting process in a fair and transparent manner. Members who have cast their vote by remote e-voting prior to the AGM may also attend the meeting but shall not be entitled to cast their vote again.

Related Party Transactions

Shareholders will consider an ordinary resolution to approve material related party transactions for factoring arrangements and first loss default guarantee (FLDG) under a channel finance programme. The approval is sought for transactions with APL Apollo Tubes Limited, Apollo Metalex Limited, and APL Apollo Building Products Limited. The aggregate annualised amount of these transactions shall not exceed the prescribed limits.

The filing was submitted by Kush Mishra, Company Secretary and Compliance Officer (M. No. A62001), on June 08, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE618R01015/f0c76e706df24bb1.pdf