Sbfc Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 14, 2025
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SBFC Finance Limited held its 18th Annual General Meeting on July 14, 2025, via video conferencing from 2:30 PM to 3:32 PM, chaired by Independent Director Mr. Neeraj Swaroop with all 10 directors in attendance (joining from India, Tanzania, Ireland, France, and Singapore). Shareholders were informed that the Statutory and Secretarial Auditors' Reports for FY ending March 31, 2025 contained no qualifications. Eight resolutions were tabled, including adoption of audited standalone and consolidated financial statements, re-appointment of Mr. John Mescall as director, appointment of M/s Parikh & Associates as Secretarial Auditors, appointment of Mr. Leroy James Langeveld as Non-Executive Nominee Director, amendments to two Stock Option Policies (2018 and 2021), and a special resolution authorizing the issuance of debt securities including Non-Convertible Debentures. Remote e-voting was conducted from July 10 to July 13, 2025, with combined voting results to be filed within two working days.
The AGM is largely procedural, but the passing of the special resolution to issue debt securities (including NCDs) gives the company flexibility to raise capital, which is significant for a finance company. Amendments to stock option policies may affect future ESOP grants and employee incentives.