SG Finserve issues ₹30 crore commercial papers at 7.30%

0 min read Updated on 10 Jul 2026, 09:03 AM

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Shriram SScanX News Team

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SG Finserve Limited has raised ₹30 crore via commercial papers with a 7.30% coupon rate and a 53-day tenure maturing on August 31, 2026. The issuance, rated ICRA A1+, was made to India Shelter Finance Corporation Limited and will be listed on BSE Limited.

*this image is generated using AI for illustrative purposes only.

SG Finserve Limited has raised ₹30 crore through the issuance of commercial papers, offering a coupon rate of 7.30%. The securities were allotted on July 9, 2026, and will mature on August 31, 2026, carrying a tenure of 53 days. The issuance was made in favour of India Shelter Finance Corporation Limited and has been assigned an ICRA A1+ credit rating.

The commercial papers were issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The securities are set to be listed on BSE Limited. The allotment details were confirmed by Kush Mishra, Company Secretary and Compliance Officer at SG Finserve Limited.

Key Details of the Issuance

Description of the Security	Commercial Paper
Total Amount	₹30 Crore
Allotment Date	09/07/2026
Maturity Date	31/08/2026
Rate	7.30%
Tenure of the security (in days)	53 Days
Issued in favour of	India Shelter Finance Corporation Limited
Credit Ratings	ICRA A1+

Historical Stock Returns for SG Finserv

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.28%	-3.83%	+7.41%	+59.50%	+58.52%	+58.52%

How will this ₹30 crore infusion impact SG Finserve's liquidity position and short-term lending capabilities?

What does the 7.30% coupon rate indicate about the current cost of short-term capital for NBFCs with similar credit profiles?

Will SG Finserve look to raise additional funds through similar commercial paper issuances before the end of the fiscal year?

Read Next Article

SG Finserve adopts FY26 financial statements at 32nd AGM

1 min read Updated on 01 Jul 2026, 07:01 AM

Reviewed by

Naman SScanX News Team

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SG Finserve Limited conducted its 32nd AGM on June 30, 2026, adopting FY26 financial statements and re-appointing Mr. Rohan Gupta. Shareholders appointed Mr. Deepak Kumar as Non-Executive Non-Independent Director and approved related party transactions, despite some dissent on remuneration.

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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

Resolution Description	Votes In Favor	Votes Against	% In Favor
Adoption of Financial Statements FY26	39,090,701	5	99.9999
Re-appointment of Mr. Rohan Gupta	39,062,733	27,973	99.9284
Appointment of Mr. Deepak Kumar	39,090,701	5	99.9999
Remuneration for Mr. Deepak Kumar	38,129,178	961,528	97.5403
Related Party Transactions	6,638,479	5	86.2413

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.

Historical Stock Returns for SG Finserv