SBI Funds Mgmt Board Approves Q1 Results, Auditor, AOA, ₹25 Cr Sub Investment

The Board of SBI Funds Management Ltd approved several key items at its meeting on August 3, 2026. These include the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also approved the appointment of M/s. N. L. Bhatia & Associates as Secretarial Auditor for five years. Significant corporate governance changes were approved, such as the adoption of amended Articles of Association to grant special rights to certain shareholders (State Bank of India and Amundi India Holding) and the formal grant of these special rights. Furthermore, the Board approved an investment of up to INR 25 Crores in its wholly-owned subsidiary, SBI Funds International (IFSC) Limited, via a Rights Issue. A Postal Ballot will be conducted to seek member approval for the ratification of the ESOP 2018 plan, extension of ESOP benefits to subsidiary employees, auditor appointment, amended AOA, and the grant of special rights.