Board Meeting25 Apr 2026, 05:01 pm
SBFC Finance to Increase Borrowing Limit to ₹16,000 Cr
AI Summary
SBFC Finance Ltd's board approved increasing the company's borrowing limits from ₹10,000 crores to ₹16,000 crores, including fund raising via NCDs. They also approved raising up to ₹4,000 crores through debt instruments on a private placement basis. The 19th Annual General Meeting will be held on July 14, 2026. Akruti Mashkaria has been appointed as Head-Internal Audit, effective April 25, 2026.
Key Highlights
- Borrowing limits increased from ₹10,000 Cr to ₹16,000 Cr, subject to shareholder approval.
- ₹4,000 Cr fund raise via debt instruments approved, subject to shareholder approval.
- 19th AGM to be held on July 14, 2026, for financial statement adoption and director appointments.
- Akruti Mashkaria appointed as Head-Internal Audit, effective April 25, 2026.
- Board meeting approved increase in borrowing limits and NCD issuance.