StockWatch
·
Asset Management Company
Board Meeting3 Aug 2026, 08:10 pm

SBI Funds Management Board Approves Amended Articles of Association

AI Summary

SBI Funds Management Limited's Board of Directors, in a meeting held on August 3, 2026, approved several key resolutions. These include the adoption of amended Articles of Association to grant special rights to certain shareholders, pursuant to a Waiver Cum Amendment Agreement dated March 19, 2026. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, and the appointment of M/s. N. L. Bhatia & Associates as Secretarial Auditor for five years. Additionally, the company plans further investment up to INR 25 Crores in its wholly-owned subsidiary, SBI Funds International (IFSC) Limited. The trading window for designated persons remains closed until August 5, 2026.

Key Highlights

  • Board approved amended Articles of Association for special shareholder rights.
  • Un-audited financial results for Q1 FY27 declared.
  • Secretarial Auditor appointed for five years.
  • Further investment planned in subsidiary SBI Funds International.
  • Trading window closed until August 5, 2026.