SG Finserve Board Approves ₹400 Crore Investment Plan

Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer

At previous close, the Sensex was down -324.17 points (-0.39 percent) at 83,246.18, and the Nifty was down -108.85 points (-0.42 percent) at 25,585.5

The board of directors at SG Finserve Limited has approved an investment plan of up to ₹400 crore for setting up subsidiaries. The decision was made during the board meeting held on January 23, 2026.

In the same meeting, the board approved the unaudited financial results for the quarter ended December 31, 2025. The company reported a profit of ₹3,247.23 lakhs for the period.

The proposed subsidiaries, subject to applicable regulatory and statutory approvals, shall engage in the following activities:

1. Asset Reconstruction Company (ARC)
2. Investment Manager and/or Sponsor for setting up of a Category III Alternate Investment Fund
3. Insurance Broking (life and non-life)
4. Information Technology services, including LOS, LMS, and a digital marketplace

Out of the total approved investment, the regulatory minimum capital requirement for setting up an ARC is expected to be ₹300 crore, to be infused in accordance with applicable regulations.

The Board has delegated authority to the Finance Committee to take all necessary actions in this regard.

In other board decisions, Mr. Lakshay Dudeja has been appointed as Chief Compliance Officer, designated as Senior Management Personnel of the Company, as per the requirements of RBI Circular No. Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 dated April 11, 2022.

Mr. Vivekanand Tiwari has been appointed as Chief Information Security Officer and Chief Operating Officer, designated as Senior Management Personnel of the Company, as per the requirements of RBI Circular No. DoS.CO.CSITEG/SEC.7/31.01.015/2023-24 dated November 07, 2023.

Mr. Vivekanand Tiwari will be transitioning from his current role as Chief Compliance Officer and shall step down from this position w.e.f. January 23, 2026, to assume the responsibilities of Chief Information Security Officer and Chief Operating Officer.

The board has also approved the institution of SG Finserve Employees Stock Option Scheme 2026 (“Scheme”), for grant of options to eligible employees of the Company and its subsidiary/Associate Companies (if any in future), pursuant to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the Companies Act 2013 read with rules under the Companies (Share Capital and Debentures) Rules 2014 and other provisions as may be applicable including the applicable amendments from time to time, subject to approval of the shareholders.

The above information will also be made available on the website of the Company and can be accessed at www.sgfinserve.com