SGFINNSESG Finserve LimitedMediumNeutral
Announced Thu, 16 Apr · 12:52 IST

SG Finserve Limited has informed the Exchange regarding Appointment of Mr Deepak Kumar as Non- Executive Director of the company w.e.f. April 16, 2026.

Management Changes View source PDF

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AI summary

SG Finserve Limited, an NBFC registered with RBI, announced the appointment of Mr Deepak Kumar as Additional Director in the category of Non-Executive Non-Independent Director and Chairperson of the Company, effective April 16, 2026, subject to member approval. Mr Deepak Kumar is a Chartered Accountant with over 20 years of experience, currently serving as Whole Time Director and Group CFO at APL Apollo Tubes Limited. Concurrently, the company reported strong audited financial results for FY 2026 with total income nearly doubling to Rs 33,365.92 lakhs from Rs 17,025.60 lakhs in the previous year. Profit after tax grew 57% to Rs 12,765.72 lakhs, with basic EPS at Rs 22.75 (vs Rs 14.54). Net worth stood at Rs 146,022.18 lakhs, CRAR at 36.67%, and both gross and net NPAs remained at NIL.

Likely market impact

The appointment brings experienced financial leadership from a large listed company to the board. The company's financials show robust growth with income and profitability nearly doubling year-on-year, indicating strong operational performance as an NBFC.