SBFC Finance has re-designated Mr. Aseem Dhru as Executive Vice-Chairman, effective April 1, 2026, for a term of five years until March 31, 2031. This decision, approved by the Board based on the Nomination and Remuneration Committee’s recommendation, acknowledges Mr. Dhru’s continued active role in guiding the company towards becoming a market leader in the small business segment.
Leadership Transition
Mr. Aseem Dhru, previously set to resign as Managing Director & CEO and transition to a Non-Executive role, will now serve as Executive Vice-Chairman, effective April 1, 2026. His term extends for five consecutive years, concluding on March 31, 2031. This appointment is subject to shareholder approval and maintains his liability to retire by rotation.
Strategic Rationale
The re-designation reflects the Board’s recognition of Mr. Dhru’s ongoing involvement in shaping SBFC Finance’s strategy and growth, specifically within the small business segment across India. The company aims to appropriately reflect the nature and continuity of his contributions.
Shareholder Approval
SBFC Finance will seek shareholder approval for Mr. Dhru’s re-designation via Postal Ballot, adhering to applicable provisions of the Companies Act. The cut-off date for determining eligible members for the Postal Ballot Notice was January 30, 2026.
Dhru’s Vision
In a letter included with the announcement, Mr. Dhru emphasized his commitment to building SBFC Finance into an institution that delivers societal value with profits. He expressed his desire to focus on long-term strategic initiatives and cultural development within the company.
Source: BSE
