SG Finserve Limited has informed the Exchange regarding allotment of 5447222 securities pursuant to Preferential Issue at its meeting held on March 27, 2026
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SG Finserve Limited has allotted 54,47,222 equity shares (face value ₹10 each) following the conversion of an equal number of fully convertible warrants that were originally issued on October 25, 2024. The company received the balance 75% of the issue price, i.e., ₹337.5 per warrant, on a total issue price of ₹450 per warrant, aggregating roughly ₹18.38 crores. Allottees include promoter Rohan Gupta (28.25 lakh shares) and non-promoters such as RBA Finance and Investment Company, AGDG Enterprises LLP, Anubhav Gupta Enterprises LLP, and notably marquee investor Ashish Kacholia (11.11 lakh shares each). Post this allotment, the company's paid-up equity capital has risen to about ₹65.27 crores, comprising 6,52,67,222 shares.
Existing shareholders will see a modest equity dilution due to the new shares, while the company strengthens its capital base. The participation of well-known investor Ashish Kacholia along with promoter contribution signals confidence in the company's prospects.