SBFC Finance Limited announced the re-designation of Mr. Aseem Dhru (DIN: 01761455) as Executive Vice-Chairman for a term of five years, effective from April 1, 2026, to March 31, 2031. This decision was approved by the Board of Directors at their meeting held on February 3, 2026, based on the recommendation of the Nomination and Remuneration Committee. This re-designation is subject to shareholder approval, which will be sought through a postal ballot. Mr. Dhru will continue his active involvement in the company's affairs, aiming to establish SBFC as a market leader serving small businesses across India. He was previously slated to transition to a Non-Executive Non-Independent Director and Vice-Chairman role effective April 1, 2026, following his resignation as Managing Director & CEO, which is effective from the close of business hours on March 31, 2026. The company had fixed January 30, 2026, as the cut-off date for ascertaining the list of members to whom the Postal Ballot Notice will be sent and for reckoning voting rights. The Board meeting commenced at 8:15 AM IST and concluded at 8:35 AM IST on February 3, 2026. Mr. Dhru, who has been with the company since September 28, 2017, possesses over 27 years of experience in the banking industry and is not related to any other directors of the company. He is not debarred from holding the office of Director by any authority.
