SBFC Finance appoints Sanket Agrawal as CFO effective July 16

SBFC Finance has accepted the resignation of Narayan Barasia as Chief Financial Officer, effective from the close of business hours on July 15, 2026. Barasia resigned to pursue an entrepreneurial career in the manufacturing business. The board has appointed Sanket Agrawal as the new Chief Financial Officer and Key Managerial Personnel, effective July 16, 2026.

The appointment of Agrawal follows recommendations from the Nomination and Remuneration Committee and the Audit Committee. Agrawal brings over 13 years of experience, including his previous role as Chief Strategy Officer & IR at SBFC Finance. His background includes leadership roles at Deloitte and expertise in corporate strategy, fundraising, and regulatory compliance.

Key Management Changes

The transition in the finance leadership was approved during a board meeting held on July 15, 2026. The meeting commenced at 4.30 P.M. IST and concluded at 4.45 P.M. IST. The company has updated its list of authorized officials responsible for determining materiality of events and making disclosures to stock exchanges, effective July 16, 2026.

Name	Designation
Mr. Aseem Dhru	Executive Vice-Chairman
Mr. Mahesh Dayani	Managing Director & CEO
Mr. Sanket Agrawal	Chief Financial Officer
Ms. Namrata Sajnani	Company Secretary & Chief Compliance Officer

Profile of New CFO

Sanket Agrawal is a Chartered Accountant and holds a Bachelor of Commerce degree. He is an alumnus of Harvard Business School. Prior to his elevation to CFO, he partnered with the CEO to formulate the organization's strategic roadmap and led investor relations initiatives. He also established the internal audit function and implemented risk-based audit frameworks at SBFC Finance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.16%	+3.36%	+0.80%	-12.07%	-20.29%	+2.05%

SBFC Finance held its 19th Annual General Meeting on July 14, 2026, through video conferencing to approve its audited financial statements and authorize key corporate actions. Shareholders approved the financial results for the year ended March 31, 2026, which were unqualified by the statutory and secretarial auditors. The meeting, chaired by Mr. Neeraj Swaroop, Independent Director & Chairman of the Board, commenced at 3:00 p.m. IST and concluded at 4:08 p.m. IST.

The Board of Directors and other key personnel attended the meeting from various locations. Mr. Aseem Dhru, Executive Vice-Chairman, and Mr. Mahesh Dayani, Managing Director & CEO, attended from the company's Registered Office. Independent Directors Ms. Surekha Marandi, Mr. Ravi Venkatraman, and Mr. Koni Uttam Nayak joined from Navi Mumbai, Mumbai, and Florida, USA, respectively. Nominee Directors Mr. John Mescall, Mr. Jonathan Tatur, and Mr. Leroy James Langeveld participated from Dubai and France.

Resolutions Passed

Shareholders voted on six resolutions, including ordinary business items and special business proposals. The ordinary resolutions included the adoption of audited financial statements and the re-appointment of Mr. Aseem Dhru and Mr. Jonathan Tatur as Directors. The special resolutions focused on expanding the company's financial flexibility.

Sr No	Particulars	Type of Resolution
1	Adopt Audited Financial Statements for the year ended March 31, 2026	Ordinary Resolution
2	Re-appointment of Mr. Aseem Dhru, Executive Vice-Chairman	Ordinary Resolution
3	Re-appointment of Mr. Jonathan Tatur, Nominee Director	Ordinary Resolution
4	Increase in the borrowing limits of the Company	Special Resolution
5	Increase in the limit of creation of charges on the assets of the Company	Special Resolution
6	Issuance of debt securities including Non-Convertible Debentures	Special Resolution

Voting Results

The combined voting results of remote e-voting and e-voting conducted during the AGM were disclosed on July 15, 2026. Ms. Jigyasa Ved of M/s. Parikh & Associates, Practicing Company Secretaries, issued the Scrutinizer’s Report. All resolutions were passed with the requisite majority.

For the adoption of financial statements, 93,67,85,686 votes were cast in favour and 1,307 against. The re-appointment of Mr. Aseem Dhru received 88,78,65,930 votes in favour and 1,57,96,233 against. The re-appointment of Mr. Jonathan Tatur secured 93,26,89,505 votes in favour and 40,97,492 against.

The special resolutions regarding borrowing limits, creation of charges, and issuance of debt securities were also approved. The borrowing limit resolution received 93,67,85,678 votes in favour and 1,319 against. The creation of charges resolution received 93,67,85,430 votes in favour and 1,567 against. The debt securities issuance resolution received 93,67,85,385 votes in favour and 1,612 against.

Procedural Compliance

Ms. Namrata Sajnani, Company Secretary & Chief Compliance Officer, confirmed compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was facilitated by KFin Technologies Limited from July 10, 2026, to July 13, 2026. The combined results of remote e-voting and e-voting during the AGM were disclosed on the company's website and stock exchanges within two working days.