SBFC Finance

SBFC Finance Limited announced that Rajesh Mannalal Agrawal (DIN: 00302467) completed his 5-year term as Independent Director on November 11, 2025, and will cease to be a Director effective November 12, 2025. The company acknowledged his significant contributions during his tenure. The cessation follows the completion of his appointed term as per the terms of appointment.

SBFC Finance Limited reported quarterly results with profit after tax of Rs 109 crore, marking 30% year-on-year growth and 8% quarter-on-quarter growth. The company's assets under management reached Rs 9,938 crore as of September 2025, with 29% YOY and 6% QOQ growth, crossing the Rs 10,000 crore milestone during the quarter. Return on average tangible equity improved to 14.09% from 13.53% in the previous quarter. The company maintained yield at 18.01% while reducing cost of borrowing to 8.96%, resulting in spread improvement to 9.05%. Gross NPA remained range-bound at 2.77% with provision coverage ratio at 46.17%. Credit costs increased to 1.29% for the quarter. SBFC operates through 220 branches with 100% secured lending backed by properties and gold. The company tightened underwriting standards, stopped lending below Rs 7 lakhs, and raised minimum CIBIL score requirements to 700. Management guided for 5-7% quarter-on-quarter AUM growth going forward, with credit costs potentially increasing another 10-15 basis points before stabilizing. The company noted stress in Karnataka portfolio due to regulatory issues and maintained cautious outlook on smaller ticket segments.

SBFC Finance Limited allotted 26,51,417 equity shares to employees under seven different employee stock option schemes. The allotment includes shares from SBFC Stock Option Policy 2021-II (48,624 shares at Rs. 40), SBFC Stock Option Policy 2021-III-Special Grant (23,065 shares at Rs. 40), SBFC Stock Option Policy 2021-IV (11,48,437 shares at Rs. 21.45), SBFC Stock Option Policy 2021-V (4,40,625 shares at Rs. 40), SBFC Stock Option Policy 2023-I (53,823 shares at Rs. 55), SBFC Stock Option Policy 2023-II (5,00,000 shares at Rs. 55), and SBFC Stock Option Policy 2023-III (4,36,843 shares at Rs. 87.33). Following this allotment, the company's issued and paid-up equity share capital increased from 1,09,31,97,401 equity shares aggregating to Rs. 10,93,19,74,010 to 1,09,58,48,818 equity shares aggregating to Rs. 10,95,84,88,180. All newly allotted shares have a face value of Rs. 10 each and will rank pari-passu with existing equity shares.