SG Finserve Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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SG Finserve Limited announced the results of its postal ballot held via remote e-voting from February 11 to March 12, 2026, with 65.24% voting participation. All 6 resolutions were passed with strong majority. The enhancement of borrowing limits under Section 180(1)(c) and 180(1)(a) of the Companies Act was approved with 99.9996% votes in favor. A related party transaction involving a corporate guarantee from S Gupta Holding Private Limited (promoter group entity) was cleared with 99.97% support. The SG Finserve Employee Stock Option Scheme 2026 and its extension to subsidiary/associate company employees were approved with around 97.43% in favor, with some public dissent (~2.57%). The alteration of the Object Clause of the Memorandum of Association also passed with 99.99% in favor. Scrutinizer Jatin Gupta confirmed the voting process was conducted fairly.
Shareholders have greenlit higher borrowing capacity (potential leverage increase), a new ESOP scheme that may lead to future equity dilution, a related-party guarantee from promoters, and expanded business objectives. The modest dissent on the ESOP resolutions (~2.57%) is a minor concern for some public shareholders, but overall shareholder confidence is high.