SG Finserve Limited’s Board of Directors met on February 16, 2026, to approve significant modifications to the terms of its existing Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) under ISIN INE618R07012. The primary updates include the addition of a new call option date on April 06, 2026, and an extension of the notice period for exercising such options from 15 to 21 days. These changes aim to provide the company with greater flexibility in managing its debt obligations while ensuring stakeholders have more time for financial planning.

The board’s decision involves expanding the notification scope for call options to include not just the debenture trustee, but also the debenture holders and stock exchanges. To implement these variations, the company is now seeking the required written consents from debenture holders and trustees, alongside necessary prior approvals from the BSE and NSE. These modifications follow a series of strategic moves by the company in early 2026, including the issuance of ₹30 crore in commercial papers to India Shelter Finance Corporation Limited in January.

SG Finserve Limited, formerly known as Moongipa Securities Limited, is a specialized Non-Banking Financial Company (NBFC) focusing on tech-driven supply chain financing solutions for Indian conglomerates. The company provides critical financing to various tiers of the supply chain, including vendors, dealers, distributors, and logistics providers. Recently, the firm achieved a major milestone by receiving RBI approval to operate a factoring business and is actively exploring expansion into Asset Reconstruction (ARC), Alternate Investment Funds (AIF), and insurance broking.

For the quarter ended December 31, 2025, SG Finserve reported a robust total income of ₹86.28 crore, reflecting a year-on-year (YoY) surge of 103% compared to ₹42.49 crore in the same quarter last year. The company’s net profit for the quarter stood at ₹32.47 crore, a 37% YoY increase from ₹23.69 crore. This growth is supported by a significant expansion in its Assets Under Management (AUM), which reached an all-time high of ₹3,210 crore as of December 2025. Notable investors in the company include veteran ace investor Ashish Kacholia, who holds a 1.14% stake as of the December 2025 quarter, and Madhusudan Kela, who holds 1.70%.