SBFC Finance Limited announced the re-designation of Mr. Aseem Dhru as Executive Vice-Chairman for a term of five consecutive years, effective from April 1, 2026, to March 31, 2031. This appointment is subject to the approval of the company's shareholders. Mr. Dhru previously resigned as Managing Director & CEO, effective March 31, 2026, and was to be re-designated as Non-Executive Non-Independent Director and Vice-Chairman from April 1, 2026. However, the Board, based on the recommendation of the Nomination and Remuneration Committee, approved his re-designation as Executive Vice-Chairman to reflect his continued active involvement in the company's strategic direction and growth. The company will seek shareholder approval through a postal ballot, with January 30, 2026, set as the cut-off date for determining eligible members for the postal ballot notice and voting rights. The Board meeting where this outcome was decided commenced at 8:15 AM IST and concluded at 8:35 AM IST on February 3, 2026. In his accompanying letter, Mr. Dhru emphasized his commitment to building SBFC Finance into an institution rather than just a company, focusing on strong governance, processes, and a culture of fairness and excellence. He clarified that his role as Executive Vice-Chairman ensures his continued active contribution to the company's long-term vision and strategic development, even after stepping down from the CEO position.
