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.

SG Finserv Limited has announced comprehensive credit rating actions by ICRA covering debt instruments worth Rs 2,750 crore, as communicated to stock exchanges on March 06, 2026. The rating agency has assigned new ratings and reaffirmed existing ones across the company's diversified funding portfolio, strengthening its credit profile in the financial services sector.

Rating Actions Overview

ICRA has taken multiple rating actions covering various debt instruments of the company. The comprehensive rating exercise encompasses bank facilities, non-convertible debentures, term loans, and commercial paper programs.

Credit Enhancement Structure

The ratings carry Credit Enhancement (CE) designation, indicating they are backed by corporate guarantees from S Gupta Holding Private Limited. The CE ratings are specific to the rated issues and their structure, representing enhanced credit quality beyond the company's standalone profile. Without the credit enhancement, the underlying rating stands at [ICRA]A+, reflecting the company's intrinsic credit strength.

Banking Partner Distribution

The company maintains a diversified banking relationship across multiple financial institutions for its Rs 1,844.00 crore confirmed bank facilities. The distribution includes major private and public sector banks.

Term Loan and Commercial Paper Programs

The Rs 300.00 crore term loan facility has been upgraded from provisional to final rating status, distributed between Axis Bank Limited (Rs 200.00 crore) and Karnataka Bank Limited (Rs 100.00 crore). The commercial paper program of Rs 200.00 crore maintains its [ICRA]A1+ rating, indicating very strong degree of safety for timely payment of financial obligations.

Regulatory Compliance and Market Impact

The rating communication was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The comprehensive rating actions across multiple instrument categories demonstrate the company's robust funding structure and strong credit profile in the financial services sector. The stable outlook on long-term ratings indicates ICRA's expectation of sustained credit quality over the rating horizon.