Sbfc Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on November 01, 2025.
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SBFC Finance's Board approved a new Employee Stock Option Policy (SBFC Stock Option Policy 2025-I) creating a pool of 1.21 crore (1,21,00,000) stock options, subject to shareholder approval via postal ballot. The options will be granted in tranches as decided by the Nomination and Remuneration Committee, with exercise pricing based on the 5-day average closing price preceding the grant date. Two senior exits were announced: Mr. Shanesh Jain, Head of Internal Audit (relocating to UAE) and Mr. Viney Vaid, Head of Credit (personal reasons, after ~8 years with SBFC), both effective close of business on November 1, 2025. To fill the credit leadership gap, Mr. Sreenivas Mylavarapu was appointed as Chief Credit Officer with immediate effect. Mr. Mylavarapu brings over 29 years of banking experience, most recently as General Manager & Business Head at Karnataka Bank, with prior senior roles at Aditya Birla Housing Finance, Kotak Mahindra Bank, IDBI Bank, and State Bank of Hyderabad.
The simultaneous exit of the Head of Internal Audit and Head of Credit on the same day could raise short-term governance and execution concerns, but the appointment of a seasoned banker (29+ years) as Chief Credit Officer signals continuity in credit underwriting. The 1.21 crore ESOP pool, if fully granted and exercised, could lead to equity dilution of roughly 1.5% (based on approximate share count) — a watch point for existing shareholders, though the policy still requires postal ballot approval.