SG Finserve Limited has informed the Exchange regarding allotment of 3925000 securities pursuant to Preferential Issue at its meeting held on March 19, 2026
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SG Finserve Limited has allotted 39,25,000 equity shares (face value ₹10 each) on March 19, 2026, following the conversion of an equal number of fully convertible warrants. These warrants were originally issued on October 25, 2024, and the company has now received the balance 75% amount of ₹337.5 per warrant (against the issue price of ₹450 per warrant), aggregating to about ₹132.47 crore. The allottees are Kitara PIIN 1103 (Non-Promoter) with 20,00,000 shares and Rohan Gupta (Promoter) with 19,25,000 shares. Post this allotment, the company's paid-up equity capital rises to ₹59.82 crore, comprising 5.98 crore equity shares.
Existing shareholders will see a dilution of roughly 6.6% in their holding due to the issuance of 39.25 lakh new shares. On the positive side, the company is bringing in around ₹132 crore of fresh capital, and promoter participation (Rohan Gupta converting warrants) signals insider confidence in the business.