SBI Funds Management Limited appointed Giridhar Sanjeevi as an additional independent director for a three-year term, effective September 29, 2026. The appointment is subject to shareholder approval and follows the completion of the second term of outgoing director Moiz Miyajiwala.

Board composition changes

The board approved Sanjeevi’s appointment via circular resolution on September 28, 2026. He brings over three decades of experience in finance and management. Sanjeevi holds a post graduate diploma in management from Indian Institute of Management, Ahmedabad and is a qualified Chartered Accountant. He currently serves as chairperson and independent director on the board of Amagi Media Labs Limited and previously served as executive vice president and chief financial officer at Indian Hotels Company Limited.

Moiz Miyajiwala ceased to be an independent director, chairperson, and member of the Audit, Risk Management, Nomination and Remuneration, and Stakeholders Relationship Committees upon completing his second term on September 28, 2026. The company acknowledged his valuable contributions during his tenure.

Director profile details

Sanjeevi has no relationships with other directors and is not debarred from holding office by SEBI or any other authority. The disclosure complies with Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations.

SBI Funds Management Limited has appointed M/s. Gokhale & Sathe LLP, Chartered Accountants, as its statutory auditor for the financial year 2026-27. The appointment was made by the Comptroller and Auditor General of India (C&AG) via a letter dated September 7, 2026.

The firm conveyed its acceptance of the appointment on September 22, 2026. This development was disclosed to stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor profile and expertise

M/s. Gokhale & Sathe LLP brings over 40 years of experience in professional services. The firm comprises 15 partners and a team of more than 200 professionals delivering assurance, tax, and advisory services.

Key aspects of the new auditor's practice include:

• BFSI specialization: Extensive experience in statutory audits of banks, housing finance companies, NBFCs, and other financial institutions.
• Regulatory compliance: Strong focus on financial reporting, regulatory requirements, and corporate governance.
• Advisory services: End-to-end direct tax and GST services, including litigation support and tax planning.
• Internal controls: Risk-based internal audits and internal financial control reviews to strengthen governance.

Regulatory compliance details

The appointment falls under the mandate for government companies or entities where the C&AG is responsible for auditor selection. The company confirmed that the details required under the SEBI Master Circular dated January 30, 2026, were enclosed with the filing.

The intimation is available on the company's website at sbifunds.com in compliance with Regulation 46 of the SEBI Listing Regulations.