SBFC Finance has announced the resignation of its Chief Financial Officer, Mr. Narayan Barasia, effective July 15, 2026, to pursue entrepreneurial endeavors. Concurrently, the company appointed Mr. Sanket Agrawal as the new Chief Financial Officer and Key Managerial Personnel, effective July 16, 2026. Mr. Agrawal, formerly Chief Strategy Officer & IR, brings extensive experience to his new role.
Leadership Transition at SBFC Finance
SBFC Finance Limited has officially communicated significant changes in its senior financial leadership. The company has accepted the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Mr. Narayan Barasia. His resignation is effective from the close of business hours on July 15, 2026. Mr. Barasia has expressed his intention to pursue a new entrepreneurial journey.
New CFO Appointment
Following Mr. Barasia’s departure, the Board of Directors has approved the appointment of Mr. Sanket Agrawal as the new Chief Financial Officer and Key Managerial Personnel of SBFC Finance Limited. This appointment is effective from July 16, 2026. Mr. Agrawal currently serves as the Chief Strategy Officer & IR of the Company. His appointment was recommended by the Nomination and Remuneration Committee and the Audit Committee.
About the New CFO
Mr. Sanket Agrawal brings over 13 years of experience in audit, advisory, and executive leadership. Previously, as Chief Strategy Officer & IR at SBFC Finance Limited, he was instrumental in formulating the organization’s strategic roadmap, managing P&L, financial planning, and spearheading investor relations. He also played a key role in the company’s digital transformation and the establishment of its Internal Audit function. Mr. Agrawal is a Chartered Accountant and holds a Bachelor of Commerce degree, with alumni affiliations from the Institute of Chartered Accountants of India and Harvard Business School.
Authorized Officials for Materiality Disclosures
The company also announced authorized officials for determining the materiality of events or information, effective July 16, 2026. These officials are:
- Mr. Aseem Dhru, Executive Vice-Chairman
- Mr. Mahesh Dayani, Managing Director & CEO
- Mr. Sanket Agrawal, Chief Financial Officer
- Ms. Namrata Sajnani, Company Secretary & Chief Compliance Officer
Contact details for these officials are available, including the registered office address at Unit No: 103, 1st Floor, C&B Square, Sangam Complex, Andheri Kurla Road, Village Chakala, Andheri (East) Mumbai – 400 059, contact number 022 6787 5300, and email [email protected].
Source: BSE
