SBFC Finance Limited has announced a major strategic expansion, including an increase in borrowing limits to Rs. 16,000 crore and a Rs. 4,000 crore fund-raising plan via debt instruments. Additionally, the company has appointed Ms. Akruti Mashkaria as the new Head of Internal Audit. These developments follow the Board of Directors’ meeting held on April 25, 2026, as the company prepares for its 19th Annual General Meeting scheduled for July 14, 2026.
Strategic Financial Expansion
To support its growing operations, the Board of Directors has approved a substantial increase in the company’s borrowing capacity from Rs. 10,000 crore to Rs. 16,000 crore. This initiative, subject to shareholder approval, includes the authority to raise up to Rs. 4,000 crore through the private placement of non-convertible debentures and other debt securities. These measures are designed to provide the necessary liquidity to maintain the company’s growth trajectory in the financial services sector.
Leadership Appointment
The company has strengthened its senior management team with the appointment of Ms. Akruti Mashkaria as the Head-Internal Audit, effective April 25, 2026. With nearly 15 years of experience in risk management and internal controls across major financial institutions, Ms. Mashkaria will play a pivotal role in refining governance frameworks and driving risk-based audit practices.
Annual General Meeting Schedule
SBFC Finance has set July 14, 2026, as the date for its 19th Annual General Meeting. The meeting will be conducted via video conferencing. Key agenda items include the adoption of the audited financial statements for the fiscal year ending March 31, 2026, and the re-appointment of directors Mr. Aseem Dhru and Mr. Jonathan Tatur, both of whom retire by rotation and have offered themselves for re-election.
Source: BSE
