SBFC Finance approves new ESOP, announces senior management changes

SBFC Finance Limited announced the Board's approval of the 'SBFC Stock Option Policy 2025 – I', comprising 12,100,000 employee stock options. These options, convertible into 12,100,000 equity shares with a face value of 10 each, are subject to shareholder approval via postal ballot. The exercise price will be determined based on the average closing price of the immediate five trading days preceding the Relevant Date.

In senior management changes, Shanesh Jain, head – internal audit, and Viney Vaid, head – credit, both tendered their resignations effective November 1, 2025, citing personal reasons. Concurrently, Sreenivas Mylavarapu has been appointed as the chief credit officer, effective from November 1, 2025.