SBFC Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on April 25, 2026.
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SBFC Finance Limited's board approved increasing borrowing limits from Rs. 10,000 crores to Rs. 16,000 crores, representing a 60% increase. The company also approved raising funds up to Rs. 4,000 crores through issuance of Non-Convertible Debentures (NCDs) on a private placement basis. Both proposals require shareholder approval at the 19th AGM scheduled for July 14, 2026. Additionally, Ms. Akruti Mashkaria was appointed as Head-Internal Audit, effective April 25, 2026, bringing 15 years of experience in risk and audit functions from NBFCs. Two directors, Mr. Aseem Dhru and Mr. Jonathan Tatur, are being recommended for re-appointment at the AGM.
The borrowing limit expansion signals SBFC's plans to scale up its lending operations significantly. The Rs. 4,000 crore NCD issuance will help fund future growth but may dilute returns if not deployed profitably. The appointment of an experienced internal audit head strengthens governance, which is positive for risk management.