SG Finserve Limited has received the Certificate of Registration 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 January 07, 2026.

Certificate of Registration Granted

Following the initial RBI approval received on December 17, 2025, the RBI has now issued the Certificate of Registration to SG Finserve on January 07, 2026, for undertaking factoring business in accordance with the provisions of the Factoring Regulation Act, 2011 and directions issued thereunder. This represents the completion of the regulatory approval process that began in December.

Specific Conditions and Timeline

The Certificate of Registration has been granted subject to two specific conditions that the company must fulfill. The first condition requires SG Finserve to commence the factoring business within 6 months from the date of grant of Certificate of Registration. The second condition mandates that the company amend the main clauses of its Memorandum of Association to include specific clauses related to factoring business within 3 months of issuance of the Certificate of Registration and prior to starting the factoring business.

Regulatory Compliance Framework

SG Finserve has committed to comply with the aforementioned conditions and take necessary steps to operationalize the factoring business in accordance with the applicable regulatory framework. The company has made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

RBI Disclaimer and Risk Disclosure

As mandated by RBI regulations, the company has included a specific disclaimer stating that while SG Finserve holds a valid Certificate of Registration dated January 07, 2026, issued by the Reserve Bank of India under Section 3 of the Factoring Regulation Act, 2011, the RBI does not accept responsibility or guarantee regarding the company's financial soundness or for repayment of deposits or discharge of liabilities.

This regulatory milestone positions SG Finserve to enter the factoring business segment, representing a strategic expansion of the company's financial services portfolio beyond its existing operations.

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.