SG Finserve Limited has informed the Exchange about Monitoring Agency Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SG Finserve Limited, a Non-Banking Financial Company (NBFC), has filed its quarterly monitoring agency report for the ₹450 crore preferential issue of warrants. CARE Ratings Limited, the appointed monitoring agency, confirmed no material deviations from the stated objects of the issue. The company received ₹428.81 crore against warrants and fully utilized this amount during Q4FY26. Of the ₹316.31 crore received in Q4FY26, over ₹200 crore was transferred to Apollo group companies for dealer financing where they act as anchors. The remaining ₹21.19 crore is yet to be received via warrant conversion. Funds are earmarked for working capital needs (₹440 crore) and general corporate purposes (₹10 crore, currently unused). No delays in implementation were reported.
The report shows proper utilization of funds with no deviations, which is positive for shareholders. However, the significant transfer of over ₹200 crore to Apollo group companies for dealer financing may raise related party transaction concerns for investors.