SG Finserve Limited has informed the Exchange about Receipt of Certificate of Registration for Factoring Business
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SG Finserve Limited has received a Certificate of Registration from the Reserve Bank of India on January 7, 2026, allowing it to undertake factoring business under the Factoring Regulation Act, 2011. This follows RBI's earlier approval communicated on December 17, 2025. The company must commence factoring operations within 6 months and amend its Memorandum of Association within 3 months to include factoring as a permitted business activity. This regulatory clearance opens a new line of business for the company beyond its existing NBFC operations.
This is a positive development as it enables SG Finserve to enter the factoring business, potentially diversifying revenue streams and expanding its financial services portfolio. Shareholders should watch for the company's progress in operationalizing this business within the stipulated 6-month timeframe, which could be a future growth driver.