Sbfc Finance Limited has informed the Exchange regarding Outcome of the Board meeting held on Jun 06, 2025.
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SBFC Finance's Board, which met on June 6, 2025, approved the appointment of Mr. Rajiv Pravin Thakker as the new Chief Risk Officer for a five-year term. Mr. Thakker brings over 25 years of experience, including 14 years as a credit head at banks like Kotak Mahindra, Barclays, and ICICI Bank, with deep expertise in retail, SME, and commercial lending risk. The Board also scheduled the 18th Annual General Meeting for July 14, 2025, via video conferencing. At the AGM, shareholders will vote on adopting FY25 audited financial results, re-appointing director Mr. John Mescall, appointing M/s Parikh & Associates as Secretarial Auditors, and inducting Mr. Leroy James Langeveld as a Non-Executive Nominee Director. Additionally, amendments to two existing stock option policies (2018 and 2021) and approval for raising funds through debt securities such as non-convertible debentures were cleared.
This is a routine governance update with no negative signals; the CRO appointment strengthens the risk function, while the proposed debt issuance could support future growth in lending. Shareholders should watch the July 14 AGM for the FY25 results and the stock option policy changes, which could affect employee compensation dilution.