SG Finserv Announces Major Leadership Overhaul and Director Re-appointments
SG Finserv Limited has approved re-appointment of two Independent Directors, H.S.U. Kamath and Dukhabandhu Rath, for second five-year terms. Key management changes include Vinay Gupta as new CEO, Sanjay Rajput as CFO, Kush Mishra as Company Secretary, and Saurabh Mishra as Head of Internal Audit. Board authorized application for appointing Deepak Kumar as Non-Executive Non-Independent Director, approved Q2 financial results, and deferred Non-Convertible Debentures issuance. Q2 financials show Net Worth of ₹107,117.71 lakhs, Net Profit After Tax of ₹2,839.96 lakhs, and EPS of ₹5.08.
*this image is generated using AI for illustrative purposes only.
SG Finserv Limited, a prominent player in the financial services sector, has unveiled a series of significant leadership changes and director re-appointments, signaling a new chapter in the company's corporate governance and management structure.
Board Approves Re-appointment of Independent Directors
The Board of Directors has given its nod to the re-appointment of two Independent Directors for their second five-year terms, subject to shareholder approval:
- Mr. H.S.U. Kamath (DIN: 02648119): Re-appointed effective February 13, 2026
- Mr. Dukhabandhu Rath (DIN: 08965826): Re-appointed effective January 25, 2026
Both directors bring extensive experience in the banking sector, with Mr. Kamath having served as CMD of Vijaya Bank and MD & CEO of Tamilnad Mercantile Bank, while Mr. Rath boasts nearly four decades of service in the Indian Banking Industry, primarily with State Bank of India.
Key Management Changes
SG Finserv has announced several pivotal changes in its top management:
| Position | Outgoing | Incoming | Effective Date |
|---|---|---|---|
| Chief Executive Officer | Sorabh Dhawan | Vinay Gupta | November 24, 2025 |
| Chief Financial Officer | Sahil Sikka | Sanjay Rajput | January 1, 2026 |
| Company Secretary | - | Kush Mishra | October 13, 2025 |
| Head of Internal Audit | Prince Kumar Shukla | Saurabh Mishra | November 10, 2025 |
Vinay Gupta, the incoming CEO, brings over two decades of experience in banking, with expertise in Supply Chain Finance and Trade Finance. Sanjay Rajput, elevated to CFO, is a seasoned Chartered Accountant with 17+ years of experience across various finance functions.
Additional Board Decisions
The Board has also:
- Authorized an application to the Reserve Bank of India for appointing Deepak Kumar as a Non-Executive Non-Independent Director.
- Approved the unaudited financial results for the quarter and half-year ended September 30, 2025.
- Deferred the proposed issuance of Non-Convertible Debentures.
Financial Highlights
For the quarter ended September 30, 2025, SG Finserv reported:
- Net Worth: ₹107,117.71 lakhs
- Net Profit After Tax: ₹2,839.96 lakhs
- Earnings Per Share (Basic): ₹5.08
- Net Profit Margin: 37.87%
The company's debt-to-equity ratio stood at 1.77, indicating a moderate level of leverage.
These changes reflect SG Finserv's commitment to strengthening its leadership team and corporate governance structure. As the company navigates through these transitions, stakeholders will be keenly watching how these moves impact its strategic direction and financial performance in the coming quarters.
