Board approves Q1 FY27 results, subsidiary investment, auditor appointment
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SBI Funds Management board approved Q1 FY27 results. Standalone net profit rose to Rs 8,728 million on income of Rs 13,849 million, up from Rs 8,450 million on Rs 13,248 million a year ago. Consolidated net profit was Rs 8,803 million. Board approved Rs 25 crore investment in subsidiary SBI Funds International IFSC, appointed N.L. Bhatia as secretarial auditor for five years, and amended Articles granting special rights to SBI and Amundi. Member approvals via postal ballot.
Steady profit growth in first post-IPO quarter. Subsidiary investment supports GIFT City plans. Governance changes formalize promoter rights.