SBFC Finance Limited has announced a strategic expansion of its borrowing limits to Rs. 16,000 crore, up from Rs. 10,000 crore. The Board also approved a plan to raise up to Rs. 4,000 crore through the issuance of Non-Convertible Debentures. Furthermore, the company scheduled its 19th Annual General Meeting for July 14, 2026, and appointed Ms. Akruti Mashkaria as the new Head of Internal Audit.
Financial Expansion Plans
To support its future growth and operational requirements, the Board of Directors of SBFC Finance Limited has proposed an increase in the company’s borrowing limit from Rs. 10,000 crore to Rs. 16,000 crore. This proposal is subject to approval by the company’s shareholders. Additionally, the company plans to secure funding through the issuance of Non-Convertible Debentures or other debt securities up to a limit of Rs. 4,000 crore on a private placement basis.
Annual General Meeting Details
The company has scheduled its 19th Annual General Meeting for Tuesday, July 14, 2026, at 03:00 PM (IST). The meeting will be conducted via video conferencing and other audio-visual means. Key agenda items include the adoption of the audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of directors Mr. Aseem Dhru and Mr. Jonathan Tatur, who are retiring by rotation.
Leadership Appointment
The Board has appointed Ms. Akruti Mashkaria as the new Head of Internal Audit, effective April 25, 2026. Ms. Mashkaria brings nearly 15 years of experience in financial services and internal audit functions. Previously associated with firms like Capital First, IDFC First Bank, and Svatantra Microfin Pvt. Ltd., she will lead the audit function to strengthen governance frameworks and risk-based audit practices across the company.
Source: BSE
