SBFC Finance Limited has successfully completed the allotment of 381,418 equity shares to employees under its various Employee Stock Option Policy (ESOP) schemes on January 29, 2026. The allotment was executed pursuant to the approval of the Stakeholders Relationship Committee and in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Allotment Details

The share allotment was conducted across four distinct ESOP schemes, generating substantial exercise money for the company:

The exercise prices varied significantly across the schemes, ranging from Rs. 40 per share for the 2021 policies to Rs. 87.33 per share for the 2023 III policy, reflecting different grant periods and market conditions.

Impact on Share Capital

The allotment has resulted in a notable increase in the company's issued and paid-up equity share capital:

Regulatory Compliance and Share Characteristics

All equity shares allotted under the various ESOP schemes carry the ISIN number INE423Y01016 and will rank pari-passu with the existing equity shares of the company in all respects. The shares have been issued in dematerialized form with no lock-in restrictions applicable.

The company has filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where SBFC Finance's shares are listed. The filing numbers for the various schemes range from submissions made in September 2023 to April 2024, demonstrating the systematic implementation of the employee benefit programs.

Employee Benefit Initiative

This substantial ESOP allotment represents SBFC Finance's commitment to employee participation in the company's growth. The exercise of stock options across multiple schemes indicates strong employee confidence in the company's prospects and provides them with an opportunity to participate in the organization's value creation.

SBFC Finance Limited has announced a major leadership transition following its Board meeting held on January 24, 2026, marking a significant milestone in the company's organizational restructuring.

Leadership Transition at Top Management

The Board of Directors approved the resignation of Aseem Dhru from his position as Managing Director & CEO, effective from the close of business hours on March 31, 2026. In recognition of his contributions, the Board has approved his re-designation as Non-Executive Non-Independent Director designated as Vice-Chairman, effective April 1, 2026, subject to required approvals.

The Board placed on record its appreciation for Dhru's contributions in steering the company to create significant value during his tenure.

New Managing Director & CEO Appointment

Mahesh Dayani, currently serving as Executive Director, has been re-designated as Managing Director & CEO for a term of five consecutive years from April 1, 2026 to March 31, 2031. This appointment is subject to shareholder approval and he will be liable to retire by rotation.

Dayani brings over 26 years of experience across wholesale, commercial, transaction and retail banking. He holds a Bachelor's degree in Commerce from the University of Calcutta and a Post Graduate Diploma in Business Administration from ICFAI Business School, Hyderabad. He has been associated with the company since November 1, 2017, initially as Chief Business Officer before his appointment as Executive Director effective February 28, 2025.

Chief Collections Officer Resignation

Sai Prashant Menon, Chief Collections Officer, has tendered his resignation effective January 31, 2026, to pursue new professional opportunities. In his resignation letter dated January 24, 2026, Menon expressed gratitude for his 5.8 years with the company and committed to ensuring a smooth transition of responsibilities.

Shareholder Approval Process

The company will seek shareholder approval for Dayani's appointment through postal ballot in accordance with Sections 110 and other applicable provisions of the Companies Act, 2013. The Board has fixed January 30, 2026 as the cut-off date for ascertaining the list of members eligible to receive the postal ballot notice and for reckoning voting rights.

Board Meeting Details

The Board meeting commenced at 1:30 PM IST and concluded at 3:15 PM IST on January 24, 2026. All decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required disclosures and resignation letters have been submitted to the stock exchanges and uploaded on the company's website.