Incorporation Details
- Subsidiary Name: SG Insurance Brokers Limited
- Date of Incorporation: June 19, 2026
- Country of Incorporation: India
- Certificate of Incorporation Received: June 20, 2026
Corporate Structure
- SG Insurance Brokers Limited is incorporated as a wholly owned subsidiary of SG Finserve Limited
- 100% shareholding is held by SG Finserve Limited
Business Operations
- Industry: Insurance Broking
- Business Activity: Direct Insurance Broking in General and Life Insurance
Regulatory Requirements
- Commencement of insurance broking operations is subject to receipt of requisite approval/registration from IRDAI
- The company must comply with all applicable laws and regulatory requirements
- SG Finserve will intimate the Stock Exchanges upon receipt of IRDAI approval/registration
Capital Structure
- Authorized Capital: ₹1,00,00,000 (One Crore Rupees)
- Share Structure: Divided into 10,00,000 equity shares of ₹10 each
- Entire paid-up share capital is held by SG Finserve Limited as of the incorporation date
Consideration Details
- Nature of Consideration: Cash
Additional Information
- The information will be available on the company's website: www.sgfinserve.com
- Signed by Kush Mishra, Company Secretary and Compliance Officer (M. No. A62001) on June 20, 2026
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