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.

SG Finserv , a financial services company, has announced the issuance of commercial papers (CPs) worth Rs 50 crore. This move highlights the company's strategy to raise short-term funds, potentially to meet working capital requirements or other immediate financial needs.

Key Details of the Commercial Paper Issue

Significance of the Issue

The commercial paper issuance by SG Finserv carries several noteworthy aspects:

1. Credit Rating: The [ICRA] A1+ rating assigned to the commercial papers indicates the highest level of safety regarding timely servicing of financial obligations. This rating suggests a strong credit profile for SG Finserv, which may help in attracting investors.

2. Investor Confidence: The subscription by Quant Mutual Fund for their Liquid Plan demonstrates institutional investor interest in SG Finserv's short-term debt instruments.

3. Market Listing: The company plans to list these commercial papers on the BSE Limited, which may provide liquidity to the investors.

4. Interest Rate: The 7.50% interest rate for a 91-day period reflects the current short-term borrowing costs for companies with strong credit ratings in the Indian financial market.

SG Finserv (CIN: L64990DL1994PLC057941) is headquartered in Delhi, with its corporate office in Ghaziabad, Uttar Pradesh. The company's move to issue commercial papers aligns with common practices in the financial services sector for managing short-term funding needs efficiently.

As per the regulatory filing, this issuance complies with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency in the company's financial activities.

Investors and market participants may monitor how SG Finserv utilizes these funds and its impact on the company's short-term financial position. The placement of these commercial papers may also indicate the company's ability to access short-term funding at competitive rates, which is crucial for financial services firms in managing their liquidity and cash flow requirements.