SG Finserve Q2 results, acquisitions and GIFT City subsidiary plan
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Board approved Q2 and half year FY26 unaudited results (standalone and consolidated). Also approved acquisition of 24.5% in SG Enterprise Solutions from related party SG Green Buildings for Rs 1.22 lakh, and 15.5% in Succesship Technologies for Rs 4.65 crore. Plans USD 5 million (about Rs 48 crore) investment for a GIFT City finance subsidiary. Internal auditor Saurabh Mishra stepped down, replaced by Alok Bhushan. Limited review by S.P. Chopra and Co with clean report.
Expansion through acquisitions and GIFT City entry may support long-term growth. Related party deal value is small.