SGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SG Finserve Limited, an NBFC promoted by Rahul Gupta and Rohan Gupta, has filed a Monitoring Agency Report from CARE Ratings for the quarter ended March 31, 2025. The report covers a preferential issue of warrants worth Rs. 450 crore, with Rs. 440 crore earmarked for working capital and Rs. 10 crore for general corporate purposes. So far, the company has received only 25% of the proceeds (Rs. 112.50 crore), all of which has been deployed towards working capital. The remaining Rs. 337.50 crore is yet to be received as warrant holders have not yet converted. No deviations from the stated objects or from earlier monitoring reports were flagged. The company's share price stood at Rs. 385 at end of trading, which is noted as lower than the issue price.
No negative deviation findings, which is reassuring for shareholders. However, Rs. 337.50 crore of warrants remain pending conversion, and since the current market price is below the issue price, warrant holders would need to pay above market price to convert — this could delay or reduce the remaining inflow and carries future dilution risk.