SBFC Finance Limited has successfully completed its postal ballot process, with shareholders approving key executive re-designations through remote e-voting. The company announced the results on March 9, 2026, following the conclusion of voting on March 8, 2026.

Postal Ballot Overview

The postal ballot process was conducted for two special resolutions concerning executive leadership changes. The voting was exclusively conducted through remote e-voting, with no physical polling or traditional postal ballot options available.

Resolution Results

Both special resolutions were passed with substantial majority support from shareholders across all categories.

Resolution 1: Re-designation of Executive Vice-Chairman

The first resolution for re-designating Mr. Aseem Dhru (DIN: 01761455) as Executive Vice-Chairman received overwhelming support.

Resolution 2: Re-designation of Managing Director & CEO

The second resolution for re-designating Mr. Mahesh Dayani (DIN: 06561389) as Managing Director & CEO achieved even higher approval rates.

Scrutinizer's Findings

Jigyasa N. Ved of Parikh & Associates, serving as the appointed scrutinizer, confirmed the validity of the postal ballot process. The scrutinizer's report highlighted that all voting was conducted through KFin Technologies Limited's e-voting platform, with no invalid votes recorded for either resolution.

Key findings from the scrutinizer's report include:

Regulatory Compliance

The postal ballot was conducted in compliance with Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The results and scrutinizer's report are available on the company's website at www.sbfc.com/investors and the e-voting platform at evoting.kfintech.com.

The successful completion of this postal ballot process ensures continuity in SBFC Finance's executive leadership structure, with both key positions receiving strong shareholder endorsement for the proposed re-designations.

SBFC Finance Limited has announced the affirmation of credit ratings for pass-through certificates (PTCs) issued by Prime Trust LAP Dec 22', backed by loan against property receivables originated by the company. The disclosure was made on 19th February, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

India Ratings and Research Pvt Ltd has affirmed credit ratings for both tranches of the pass-through certificates. The rating action demonstrates the credit quality assessment of the underlying loan against property portfolio.

Regulatory Compliance and Timeline

The company received the press release from India Ratings and Research Pvt Ltd on 18th February, 2026 at 3.29 PM (IST). The disclosure was made pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders.

Securitization Structure

The pass-through certificates are backed by loan against property receivables originated by SBFC Finance Limited. The structured product features two distinct tranches:

• Senior Tranche PTCs: Carrying the higher credit rating of IND AA(SO)/Stable
• Equity Tranche PTCs: Rated at IND BBB-(SO)/Stable

The rating affirmation indicates stable credit quality expectations for both tranches of the securitized portfolio. The company has also uploaded this information on its official website at www.sbfcl.com/investors for investor access and transparency.