Board Meeting25 Apr 2026, 05:00 pm
SBFC Finance to Raise Funds via NCDs, Borrowing Limit to ₹16,000 Cr
AI Summary
SBFC Finance Ltd's board approved raising funds through the issuance of Non-Convertible Debentures (NCDs) up to ₹4,000 crores via private placement, within an increased overall borrowing limit of ₹16,000 crores (subject to shareholder approval). The borrowing limit was increased from ₹10,000 crores. The board also approved convening the 19th Annual General Meeting on July 14, 2026, and the appointment of Ms. Akruti Mashkaria as Head-Internal Audit, effective April 25, 2026.
Key Highlights
- SBFC Finance will raise up to ₹4,000 Cr via NCDs on a private placement basis.
- Borrowing limits increased from ₹10,000 Cr to ₹16,000 Cr, pending shareholder approval.
- 19th Annual General Meeting scheduled for July 14, 2026.
- Akruti Mashkaria appointed as Head-Internal Audit, effective April 25, 2026.
Price Impact
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