SG Finserve Ltd — Updates, 08-05-2025: Company Update

SG Finserve Limited has announced a monitoring agency report on the utilization of proceeds from its Rs. 450 crore preferential issue of warrants. As of the quarter end, the company has received Rs. 112.50 crore (25%) with the balance Rs. 337.50 crore pending conversion. The entire amount received was deployed towards working capital needs, with no funds used for general corporate purposes. No deviations or delays were observed in fund utilization, and no major risks affect the viability of the issue objects. The company’s current share price is Rs. 385, below the issue price, indicating pending warrants conversions will occur at a higher price.