SG Finserve Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
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SG Finserve Limited held its 31st Annual General Meeting on September 23, 2025, via video conferencing (CDSL platform), with Chairman Upendra Kamath H S presiding. The meeting concluded in just 23 minutes (11:00 AM to 11:23 AM), indicating a smooth session. Nine resolutions were tabled, including adoption of the audited financial statements for FY ending March 31, 2025, re-appointment of Director Rohan Gupta (retiring by rotation), and appointment of M/s. S. P. Chopra & Co. as Statutory Auditors for three years (till FY2028). A key highlight is the proposed 'SG Finserve Employee Stock Option Plan 2025' (ESOP) to be implemented through a trust route, including provisions for funding the trust, secondary share acquisition, and extending the plan to subsidiary/associate company employees. Re-appointment of Independent Director Asha Anil Agarwal for a second 5-year term was also proposed. Voting was conducted via remote e-voting (September 20–22) and during the AGM, with results to be shared separately.
The proposed ESOP scheme and trust funding may result in moderate equity dilution for existing shareholders over time, but is a standard employee retention tool. The brief, well-attended meeting (with all key directors and KMPs present) signals stable corporate governance, while auditor and director re-appointments are routine and likely neutral for the stock.