Ashish Kacholia exits, Madhusudan Kela trims stake in smallcap NBFC stock that's up over 50% in 2026

Ace investors Ashish Kacholia and Madhusudan Kela have trimmed or exited their positions in SG Finserve after the smallcap NBFC stock surged 52% year-to-date in 2026, sharply outperforming Nifty and Sensex which declined over 7% and 9% respectively. Kacholia's holding fell below the 1% disclosure threshold from 2.37%, while Kela marginally cut his stake to 1.44% from 1.46%. Despite the promoter exits, the company reported a strong Q1 FY27 loan book of around Rs 4,551 crore, up 82% year-on-year, with nil NPAs and RoA of 4.80%.