SG Finserve Limited has received regulatory approval from the Reserve Bank of India (RBI) to commence its factoring business operations. The company made this disclosure through an official filing under Regulation 30 of SEBI Listing Regulations on December 17, 2025.

Official RBI Approval

The RBI approved SG Finserve's application for undertaking factoring business in accordance with the applicable provisions of the Factoring Regulation Act, 2011 and directions issued thereunder. The approval was granted on December 17, 2025, marking a significant milestone for the financial services company.

Conditional Approval Framework

The RBI has indicated that the approval is subject to certain additional conditions, which will be communicated to the company separately in due course. SG Finserve has committed to comply with all conditions as and when communicated by the RBI and will take necessary steps to operationalize the factoring business in accordance with the applicable regulatory framework.

Business Impact and Expansion

This approval enables SG Finserve to commence and carry on factoring business, subject to compliance with additional conditions that will be communicated by the RBI. The factoring business represents a strategic diversification of the company's service offerings beyond its existing financial services portfolio.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SG Finserve has indicated that further disclosures, if any, required under the SEBI Listing Regulations will be made as and when necessary.

This regulatory approval positions SG Finserve to tap into the growing demand for alternative financing solutions among small and medium enterprises and corporate clients seeking flexible working capital management options.

SG Finserv Limited, a prominent player in the financial services sector, has announced a significant addition to its leadership team. The company's Board of Directors has approved the appointment of Mr. Lalit Gupta as Chief Business Officer, effective November 10, 2025. This strategic move, categorized under Senior Management Personnel, was based on the recommendation of the Nomination and Remuneration Committee and formalized through a board resolution dated November 4, 2025.

A Wealth of Experience

Mr. Gupta brings to SG Finserve an impressive track record spanning over 27 years in the banking and financial services industry. His career trajectory includes key positions at some of India's most respected financial institutions, including Axis Bank, Barclays, HDFC Bank, and the State Bank of India (SBI).

Expertise and Achievements

Lalit Gupta's areas of expertise encompass:

• Corporate Banking
• Trade Finance
• Supply Chain Financing

His most recent notable role was at Axis Bank, where he served as Country Head-Sales, Trade SCF. Under his leadership, Axis Bank's Supply Chain Financing portfolio became one of the top two in India.

Career Highlights

Throughout his career, Mr. Gupta has demonstrated a consistent ability to drive transformational growth, build high-performing teams, and pioneer digital financing initiatives.

Appointment Details

The appointment of Mr. Lalit Gupta as Chief Business Officer was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SG Finserve Limited has confirmed that Mr. Gupta is not related to any Director of the company, ensuring adherence to corporate governance standards.

This strategic appointment underscores SG Finserve's commitment to strengthening its leadership team with experienced professionals. Mr. Gupta's extensive background in corporate banking and trade finance is expected to contribute significantly to the company's growth and strategic initiatives in the dynamic financial services landscape.