SBFC Finance Limited has informed the Exchange regarding Resignation of Mr Pankaj Poddar, Chief Risk Officer of the company w.e.f. April 30, 2025.
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SBFC Finance Limited has informed the stock exchange that Mr. Pankaj Poddar has resigned from his position as Chief Risk Officer of the company, effective April 30, 2025. The Chief Risk Officer is classified as a Key Managerial Personnel (KMP) under the Companies Act, 2013. The company has not disclosed the reason for his resignation in the filing. Under SEBI and Companies Act regulations, the company will need to appoint a new CRO within a stipulated timeframe to ensure compliance. Investors should monitor for further announcements regarding the appointment of a successor.
This is a senior-level KMP exit that could create a temporary leadership gap in the risk management function. Retail investors should watch for any successor announcement and assess whether this is part of routine attrition or signals deeper concerns.