SG Mart News

SG Mart Issues Postal Ballot Notice for ESOP Amendments

SG Mart Limited announces postal ballot dated March 25, 2026 for special resolutions to amend Employee Stock Option Scheme-2023 and extend benefits to subsidiary employees through remote e-voting.

SG Mart Q3 Net Profit Drops 60% to ₹110 Million

SG Mart reported consolidated net profit of ₹110 million in Q3, marking a significant 60% decline from ₹276 million in the same quarter of the previous year.

Sameer Gupta to Acquire 35.08% Stake in SG Mart Limited Through Family Gift Transfer

Sameer Gupta will acquire 4.42 crore equity shares of SG Mart Limited, representing 35.08% of the company's total shareholding, through gift transfers from immediate family members. The acquisition involves receiving 3.28 crore shares from his son Dhruv Gupta and 1.14 crore shares from his wife Meenakshi Gupta on or after November 11, 2025. The transaction is structured as an inter-family transfer by way of gift with no monetary consideration involved. Following completion of this transaction, Sameer Gupta will be classified as a Promoter of the company. The transfer is exempt from open offer requirements under SEBI regulations as it constitutes an inter-se transfer between immediate relatives. Post-transaction, Dhruv Gupta's shareholding will reduce from 27.22% to 1.19%, while Meenakshi Gupta's stake will decrease from 9.05% to 0%.

SG Mart Revises FY26 EBITDA Target, Cites Weak Q2 Performance

SG Mart management announced that the company will not achieve its FY26 EBITDA target of ₹200 crore due to lower-than-expected Q2 performance. The company expects Q3 FY26 performance to be similar to Q2 levels, with recovery projected to begin in Q4 FY26.