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
Earnings
M
Moneycontrol23-01-2026, 14:29

SG Finserve Board Approves ₹400 Crore Investment for New Subsidiaries, Reports Strong Q3 Profit

  • SG Finserve's board approved a ₹400 crore investment plan to establish new subsidiaries, with ₹300 crore earmarked for an Asset Reconstruction Company (ARC).
  • The proposed subsidiaries will engage in diverse activities including ARC, Investment Management for Category III AIF, Insurance Broking (life and non-life), and IT services.
  • The company reported an unaudited profit of ₹3,247.23 lakhs for the quarter ended December 31, 2025, showing a 37.09% YoY increase.
  • Lakshay Dudeja was appointed Chief Compliance Officer, and Vivekanand Tiwari became Chief Information Security Officer and Chief Operating Officer.
  • The board also approved the SG Finserve Employees Stock Option Scheme 2026, subject to shareholder approval.

Why It Matters: SG Finserve is expanding its business with a ₹400 crore investment in new subsidiaries and reported strong Q3 FY26 profits.

More like this

Loading more articles...