SG Finserve Limited has completed the allotment of 39,25,000 equity shares through warrant conversion, raising ₹1,32,46,87,500 in the process. The Allotment Committee of the Board of Directors approved this conversion at its meeting held on March 19, 2026.

Warrant Conversion Details

The allotment involved the conversion of 39,25,000 warrants at ₹450 per warrant, with allottees paying the balance 75% amount of ₹337.50 per warrant. The warrants were originally part of a 1,00,00,000 fully convertible warrant issue allotted on October 25, 2024, on a preferential basis.

Allottee Breakdown

The warrant conversion involved two key allottees from different categories:

Impact on Share Capital

Following this allotment, SG Finserve Limited's capital structure has been significantly enhanced. The company's issued and paid-up capital now stands at ₹59,82,00,000, comprising 5,98,20,000 equity shares of ₹10 each. The newly allotted equity shares will rank pari passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

Meeting Details

The Allotment Committee Meeting was conducted efficiently, commencing at 01:45 p.m. and concluding at 02:15 p.m. on March 19, 2026. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this corporate action as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SG Finserve Limited has successfully concluded its postal ballot process on March 12, 2026, with shareholders approving all six proposed resolutions with overwhelming support. The company informed stock exchanges that members accorded their approval with requisite majority through the postal ballot mechanism and remote e-voting for resolutions mentioned in the Notice dated February 10, 2026.

Postal Ballot Overview

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant rules. Mr. Jatin Gupta, Practicing Company Secretary (Membership Number: 5651), served as the scrutinizer for the process. The record date was set as February 6, 2026, with 29660 total shareholders eligible to participate.

Resolution Results Summary

All six resolutions were passed successfully, with the first two resolutions receiving the highest approval rates of 99.9996% each. The voting results demonstrate strong shareholder confidence across various corporate initiatives.

Key Resolutions Approved

Corporate Financial Enhancements: The first two resolutions focused on enhancing the company's financial flexibility through increased borrowing limits under different sections of the Companies Act, 2013. Both resolutions received unanimous support from promoters and strong backing from public shareholders.

Related Party Transaction: Resolution 3 addressed the enhancement of corporate guarantee from S Gupta Holding Private Limited, classified as a material related party transaction. Notably, promoter and promoter group abstained from voting on this resolution due to their interest in the agenda, while public shareholders approved it with 99.9729% support.

Employee Stock Option Initiatives: Resolutions 4 and 5 pertained to the implementation of SG Finserve Employee Stock Option Scheme 2026 and its extension to subsidiary and associate company employees. These resolutions received strong approval rates of 97.4253% and 97.4284% respectively, indicating shareholder support for employee incentive programs.

Voting Participation Details

The postal ballot process utilized remote e-voting facility provided by Central Depository Services (India) Limited (CDSL). The e-voting window remained open for 30 days, from 10:00 A.M. on February 11, 2026, to 5:00 P.M. on March 12, 2026.

*Note: Promoters abstained from voting on Resolution 3 due to interest in the agenda.

Regulatory Compliance

The company has fulfilled its obligations under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both the voting results and scrutinizer's report are available on the company's website at www.sgfinserve.com . Company Secretary Kush Mishra signed the regulatory filings, ensuring compliance with all applicable regulations and maintaining transparency in the corporate governance process.