SBFC Finance Limited — Others, 26-04-2025: Change in Auditors

SBFC Finance Limited's Board has approved several significant initiatives during its recent meeting. Mr. Leroy James Langeveld has been appointed as a Non-Executive Nominee Director, pending shareholder approval at the upcoming AGM. Additionally, M/s. Parikh & Associates will serve as Secretarial Auditor for five years, subject to AGM approval. The Board also proposed to amend its Stock Option Policies and is seeking shareholder consent to raise up to ₹3,000 Crore through Non-Convertible Debentures. Overall, these moves aim to enhance governance and support growth, potentially bolstering investor confidence while introducing some risks related to funding and governance changes.