SBFC Finance Limited has informed the Exchange about approval of the 'SBFC Stock Option Policy 2025 I
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SBFC Finance's board, at its November 1, 2025 meeting, approved the SBFC Stock Option Policy 2025-I, creating a pool of 1,21,00,000 (1.21 crore) employee stock options, each convertible into one equity share of Rs 10 face value. The exercise price will be based on the average closing price of the five trading days before the grant date, and options must be exercised within six months of vesting. This policy is subject to shareholder approval via postal ballot. In the same meeting, two senior departures were accepted: Mr. Shanesh Jain (Head of Internal Audit), who is relocating to the UAE, and Mr. Viney Vaid (Head of Credit), who stepped down after nearly eight years, both citing personal reasons. To fill the credit leadership gap, the board appointed Mr. Sreenivas Mylavarapu as Chief Credit Officer effective the same day, bringing over 29 years of experience in retail, MSME, agriculture, and microfinance lending, with prior leadership stints at Karnataka Bank, Kotak Mahindra Bank, IDBI Bank, Aditya Birla Housing Finance, and State Bank of Hyderabad.
The 1.21 crore ESOP pool represents potential future dilution and will need shareholder nod, so investors should watch the postal ballot outcome. The simultaneous exit of the Internal Audit and Credit heads on the same day may raise short-term governance concerns, though the appointment of a seasoned banker as Chief Credit Officer helps cushion the impact on credit operations.