SG Finserve Limited has received ₹316.31 crore against warrants during the quarter ended March 31, 2026, according to the latest monitoring agency report submitted by CARE Ratings Limited. The non-banking financial company utilized the entire amount received during the same quarter, with a significant portion directed toward dealer financing operations.

Warrant Conversion and Fund Utilization

The monitoring report reveals that SG Finserve's preferential issue of warrants worth ₹450.00 crore has progressed substantially. The company received ₹316.31 crore in Q4 FY26, adding to the initial ₹112.50 crore received at the beginning of the quarter.

Apollo Group Partnership

CARE Ratings Limited noted that over ₹200 crore from the received funds was transferred to Apollo group companies for dealer financing activities, where these companies act as anchors. This deployment aligns with the company's stated objective of meeting working capital needs as outlined in the offer document.

Regulatory Compliance and Monitoring

The monitoring agency report, prepared pursuant to Regulation 32(6) of SEBI LODR Regulations 2015, confirms complete compliance with regulatory requirements. CARE Ratings reported no material deviations from the objects stated in the offer document and no major deviations from previous monitoring agency reports.

Issue Structure and Timeline

The preferential issue consists of warrants convertible into equity shares with an 18-month conversion period from the date of allotment. The funds are designated for working capital needs (₹440.00 crore) and general corporate purposes (₹10.00 crore). The completion timeline extends until April 30, 2027, with no delays reported so far.

Board Approval and Documentation

The monitoring agency report was reviewed and approved by the Audit Committee and Board of Directors in their meeting held on April 16, 2026. Company Secretary Kush Mishra submitted the report to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing obligations. The report is also available on the company's website at www.sgfinserve.com .

SG Finserv Limited announced its audited financial results for Q4FY26 and the year ended March 31, 2026, delivering exceptional performance across all key metrics. The company achieved a significant milestone with its loan book reaching an all-time high of ₹3,936 crores as of March 31, 2026, registering strong quarter-on-quarter growth of 23% and year-on-year growth of 75%. The Board of Directors approved the results at their meeting held on April 16, 2026, which commenced at 11:00 A.M. and concluded at 12:25 P.M.

Outstanding Q4FY26 Performance

The company achieved remarkable quarterly growth with operating income reaching ₹105.65 crores in Q4FY26, representing a substantial 95% year-on-year increase from ₹54.10 crores in Q4FY25. Net Interest Income demonstrated strong sequential momentum, growing 27% quarter-on-quarter from ₹49.44 crores in Q3FY26 to ₹62.73 crores in Q4FY26, while also achieving 77% year-on-year growth from ₹35.50 crores in Q4FY25.

Exceptional Annual Performance FY26

For the full year ended March 31, 2026, SG Finserv reported operating income of ₹333.66 crores compared to ₹170.26 crores in FY25, marking a 96% increase. Annual net profit reached ₹127.66 crores, up from ₹80.99 crores, representing a 58% growth. The company's loan book achievement of ₹3,936 crores represents a cornerstone milestone in its growth trajectory.

Record Disbursements and Business Milestones

SG Finserv crossed significant operational milestones during FY26, with gross disbursements exceeding ₹25,000 crores, registering a robust 40% year-on-year growth. The company also financed over 1.65 lakh invoices with 25% growth, demonstrating strong operational scale and market penetration. SG Finserv maintained its disciplined approach with a cost-to-income ratio below 15% and zero NPAs, while achieving a Return on Assets of 4.80% and Return on Equity of 12%.

Capital Strengthening and Corporate Governance

During the quarter, the company successfully raised fresh equity of ₹316 crores through conversion of share warrants, strengthening its capital structure for future growth prospects. The Board approved the appointment of Mr. Deepak Kumar as Additional Director in the category of Non-Executive - Non-Independent Director-Chairperson, effective April 16, 2026. Mr. Kumar is a distinguished Chartered Accountant with over two decades of professional experience and currently serves as Whole Time Director and Group Chief Financial Officer at APL Apollo Tubes Limited.

Investor Engagement and Transparency

Following the announcement of Q4FY26 results, SG Finserv conducted a conference call with investors and analysts on April 16, 2026 at 2:30 PM IST to discuss the audited financial results. In compliance with SEBI Listing Obligations and Disclosure Requirements Regulations 2015, the company has made the audio recording of this conference call available to stakeholders through its official website at https://sgfinserve.com/schedule-analyst .

Strategic Focus and Future Outlook

Supply Chain Financing continues to remain the company's core business strength, which has been further strengthened through commercialization of factoring business in March 2026. The company operates as a Non-Deposit taking Non-Banking Financial Company registered with the Reserve Bank of India and is classified as NBFC-Middle Layer under RBI's revised regulatory framework. SG Finserv is also registered to carry out factoring business under the Factoring Regulation Act, 2011, expanding its service offerings in the supply chain finance ecosystem.

Source: Company/INE618R01015/4ed36978-e953-4ee3-8ead-fa8830409e97.pdf