SBI Funds Management authorizes KMPs to determine event materiality
SBI Funds Management Limited has authorized its Key Managerial Personnel to determine the materiality of events and information for timely disclosures under Regulation 30 of the SEBI Listing Regulations. The Board of Directors approved this delegation in accordance with the company's policy on materiality. The authorized KMPs include the Managing Director, Executive Director, Joint CEO, CFO, and Chief Compliance Officer.
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SBI Funds Management Limited has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events and information to ensure timely disclosures under Regulation 30 of the SEBI Listing Regulations. This decision, taken by the Board of Directors, aligns with the company's Policy on Determination of Materiality and aims to streamline the reporting process to stock exchanges.
The authorization allows designated executives to assess the significance of specific events and make appropriate disclosures without waiting for Board approval for every instance. This mechanism is intended to facilitate compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The following KMPs have been vested with the authority to determine materiality:
| Name | Designation | Email ID |
|---|---|---|
| Mr. Debasish Mishra | Managing Director and Chief Executive Officer | Debasish.Mishra@SBIMF.COM |
| Mr. Denys Charles Jean Marie Fougereux De Campigneulles | Executive Director and Deputy Chief Executive Officer | denys.decampigneulles@sbimf.com |
| Mr. Devinder Pal Singh | Joint Chief Executive Officer | D.p.Singh@sbimf.com |
| Mr. Inderjeet Ghuliani | Chief Financial Officer | inderjeet.ghuliani@sbimf.com |
| Ms. Vinaya Datar | Chief Compliance Officer, Company Secretary and Head Legal | Vinaya.Datar@sbimf.com |
The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on July 21, 2026. SBI Mutual Fund Trustee Company Private Limited serves as the trustee for the entity.
How will this delegation of authority impact the speed and frequency of disclosures from SBI Funds Management?
What internal checks and balances are in place to prevent misuse of materiality determination powers by KMPs?
Could this move set a precedent for other asset management companies to adopt similar delegation frameworks?
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