Board Meeting Details
The Board of Directors meeting was held on Tuesday, July 14, 2026, commencing at 11:35 AM and concluding at 1:45 PM.
Key Decisions and Approvals
1. Financial Results Approval
- Approved unaudited financial results for quarter ended June 30, 2026 (Q1 FY27)
- Financial results reviewed by statutory auditors M/s S. P. Chopra & Co., Chartered Accountants
- Limited review report issued by auditors with unmodified conclusion
2. Chief Risk Officer Tenure
- Approved fixation of tenure for Mr. Abhishek Mahajan as Chief Risk Officer
- Five-year tenure effective from July 14, 2026
- Compliance with RBI (Non-Banking Financial Companies - Governance) Directions, 2025
3. Strategic Acquisitions and Expansion
- Granted in-principle approval for evaluating acquisition of 51% stake in Succesship Technologies Private Limited
- Maximum investment cap of ₹20 Crores
- Subject to completion of financial, legal, tax, secretarial, compliance and technology due diligence
- Subject to independent valuation
- Final proposal to be placed before Board for approval
- Granted in-principle approval for exploring establishment of Finance Company in GIFT City
- Proposed as wholly owned subsidiary
- Subject to evaluation of regulatory framework, financial implications, and commercial viability
- Final incorporation proposal to be placed before Board for approval
4. Management Changes
- Noted resignation of Mr. Kush Mishra from position of Company Secretary & Compliance Officer
- Effective from close of business hours on July 18, 2026
- Resignation due to personal reasons
- Approved appointment of Mr. Ankit Sharma as Company Secretary and Key Managerial Personnel (KMP)
- Effective from July 19, 2026
- Also appointed as Compliance Officer and Senior Management Personnel
- ICSI Membership No.: A-47854
- Profile: Experienced Company Secretary with LLB degree, 10+ years experience in listed companies
- Expertise in Companies Act, SEBI Regulations, equity issues, fund raising, ESOP compliances, legal matters
5. Authorization for Materiality Determination
- Authorized Key Managerial Personnel for determining materiality and making disclosures to Stock Exchanges:
- Chief Executive Officer: Jointly authorized to determine material events, severally authorized to file disclosures in absence of Company Secretary
- Chief Financial Officer: Jointly authorized to determine material events, severally authorized to file disclosures in absence of Company Secretary
- Company Secretary & Compliance Officer: Authorized to file disclosure of material events
Financial Results Highlights (Q1 FY27)
Income Statement (Amounts in ₹ Lakhs)
- Revenue from operations: ₹13,610.83
- Interest income: ₹12,885.98
- Fees and Commission income: ₹663.43
- Net gain on fair value changes: ₹61.42
- Other income: ₹1.68
- Total income: ₹13,612.51
- Finance costs: ₹5,406.07
- Impairment on financial instruments: ₹87.42
- Employee benefits expense: ₹622.68
- Depreciation and amortization: ₹20.48
- Other expenses: ₹316.27
- Total expenses: ₹6,452.92
- Profit before tax: ₹7,150.59
- Tax expense: ₹1,791.83
- Current tax: ₹1,811.86
- Deferred tax credit: ₹(20.03)
- Profit for the period: ₹5,367.76
- Total comprehensive income: ₹5,367.76
Comparative Performance
- Profit for Q1 FY27: ₹5,367.76 lakhs vs Q1 FY26: ₹2,451.60 lakhs (119% increase YoY)
- Profit for Q1 FY27: ₹5,367.76 lakhs vs Q4 FY26: ₹4,226.91 lakhs (27% increase QoQ)
- Revenue from operations Q1 FY27: ₹13,610.83 lakhs vs Q1 FY26: ₹6,749.57 lakhs (102% increase YoY)
Capital Structure
- Paid-up equity share capital (Face value ₹10 each): ₹6,589.50 lakhs
- Other equity: ₹147,269.48 lakhs
- Earnings per share (Basic): ₹8.21
- Earnings per share (Diluted): ₹8.05
Key Ratios
- Debt-Equity ratio: 2.18
- Debt service coverage ratio: Not provided
- Interest service coverage ratio: Not provided
- Current ratio: 0.68
- Net profit margin: 39.44%
- CRAR (Tier I + II): Not provided
- Gross NPA: Not provided
- Net NPA: Not provided
Regulatory and Compliance Matters
RBI Compliance
- Company registered as NBFC-ND with RBI (Certificate no. N-14.03632 dated October 03, 2024)
- Registered for factoring business under Factoring Regulation Act, 2011 (Certificate no. N-14.03675 dated January 06, 2026)
- Classified as NBFC-Middle Layer under RBI Scale Based Regulation Directions, 2025
- Transferred ₹183.39 lakhs to Impairment Reserve during quarter as per RBI Directions
- Impairment Reserve balance: ₹862.89 lakhs as at June 30, 2026
NCD Redemption
- Fully repaid Secured Redeemable Non-Convertible Debentures amounting to ₹5,000 lakhs on April 6, 2026
- Issued Commercial Papers of ₹3,000 lakhs on July 03, 2026
- No deviation or variation in utilization of NCD proceeds
- NCDs fully redeemed and extinguished with no outstanding obligations
Share Capital Changes
- Allotted 6,27,778 equity shares of ₹10 each during quarter
- Shares allotted on private placement basis pursuant to conversion of Share Warrants
- Previous quarter (Q4 FY26): Allotted 93,72,222 equity shares
Subsidiary Update
- Incorporated wholly owned subsidiary SG Insurance Brokers Limited during quarter
- No share capital subscribed and no business operations commenced
- No impact on current financial results
Project Finance Disclosure
- Projects under implementation accounts: ₹44,301.37 lakhs
- No accounts in resolution process, resolution plans implemented, or failed resolution plans
- No cost overrun funding or SBCF arrangements
Auditor Information
- Statutory Auditors: M/s S. P. Chopra & Co., Chartered Accountants (Firm Regn. No. 000346N)
- Review partner: Prateek Gupta (M. No. 566023)
- Previous quarter figures reviewed by predecessor auditor with unmodified conclusion
Documents Submitted
- Unaudited financial results with limited review report
- Disclosure of utilization of issue proceeds and deviation/variation statement
- Regulatory disclosures pursuant to SEBI Listing Regulations
- All documents available on company website