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SBFC Finance informs about outcome of board meeting

03 Feb 2026 Evaluate
SBFC Finance has informed that this is with refer to earlier intimation dated 24th January, 2026, regarding the resignation of Aseem Dhru (DIN: 01761455) from position of Managing Director & CEO with effect from close of business hours of 31st March, 2026 and his re-designation as Non-Executive Non-Independent Director, designated as ViceChairman of the Company effective 1st April, 2026. The Board of Directors has since noted that Dhru will continue to be actively involved in the affairs of the Company on its path to becoming a market leader serving the small business segment in small towns across India. Accordingly, to appropriately reflect the nature and continuity of his involvement, the Board of Directors of the Company at its meeting held today i.e. 3rd February, 2026, based on the recommendation of the Nomination and Remuneration Committee, has considered and approved the re-designation of Aseem Dhru (DIN: 01761455) as Executive Vice-Chairman for a term of five consecutive years effective from 1st April, 2026 to 31st March, 2031, liable to retire by rotation, subject to approval of shareholders of the Company.

The above information is a part of company’s filings submitted to BSE.

SBFC Finance Share Price

97.28 -0.83 (-0.85%)
17-Apr-2026 16:59 View Price Chart
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