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The Board of Directors of SBFC Finance Limited has made several key decisions at its recent meeting. Mr. Leroy James Langeveld has been appointed as an Additional and Nominee Director, pending shareholder approval at the upcoming AGM. In addition, the Board has recommended the appointment of M/s. Parikh & Associates as Secretarial Auditors for a five-year term starting FY 2025-26.
Amendments have been approved for the SBFC Stock Option Policies to refine employee eligibility and other terms. The Board also plans to raise funds through Non-Convertible Debentures, with an approval limit of up to ₹3,000 Crore via private placement, subject to shareholder consent at the AGM.
Changes have been noted in senior management with the designation of Mr. Pragnesh Soneji, Mr. Ashish Singh, and Mr. Ish Chawla as Senior Management Personnel. Contact details for key management personnel authorized to determine the materiality of events have been updated. Finally, the Board acknowledged the fine levied by BSE for non-compliance, and a request to withdraw the penalty is pending.