SBI Funds Management Limited (SBIFUNDS)

SBI Funds Management Limited has issued a Postal Ballot notice seeking shareholder approval via remote e-voting for the appointment of Mr. Giridhar Sanjeevi as a Non-Executive Independent Director. The proposed term is for 3 consecutive years, from September 29, 2026, through September 28, 2029. The remote e-voting period runs from November 6, 2026, to December 5, 2026, with the cut-off date set as October 30, 2026. Postal ballot results will be declared on or before December 8, 2026.

• Appointment of Mr. Giridhar Sanjeevi as Non-Executive Independent Director for a 3-year term (September 29, 2026 to September 28, 2029)
• Remote e-voting window commences on November 6, 2026 (09:00 AM IST) and closes on December 5, 2026 (05:00 PM IST)
• Cut-off eligibility date for voting set as October 30, 2026
• Results of the postal ballot to be announced on or before December 8, 2026

SBI Funds Management Limited reported standalone revenue from operations of ₹1,187.40 crore (₹11,873.97 million) for Q2 FY27 (ended September 30, 2026), marking an 8.8% YoY growth compared to ₹1,091.27 crore in Q2 FY26. Standalone net profit for the quarter fell 6.4% YoY to ₹693.54 crore (₹6,935.41 million) from ₹740.78 crore, weighed down by higher employee benefit expenses (₹130.52 crore vs ₹107.56 crore) and reduced other income. Sequentially, net profit declined 20.5% from ₹872.81 crore in Q1 FY27. Additionally, the Board approved promoter group reclassification requests for two zero-holding entities.

• Revenue from operations grew 8.8% YoY to ₹1,187.40 crore (₹11,873.97 million) in Q2 FY27
• Standalone net profit fell 6.4% YoY to ₹693.54 crore (₹6,935.41 million) and declined 20.5% QoQ
• Total expenses rose 24.2% YoY to ₹297.13 crore (₹2,971.31 million) led by employee and other operational costs
• H1 FY27 operating cash flow before working capital stood at ₹1,853.73 crore (₹18,537.30 million)
• Board approved removal/reclassification of two promoter group entities with 0 shares: Indian Digital Payment Intelligence Corp and dissolved AIXIGO TR YAZILIM

SBI Funds Management Limited announced that its Board of Directors approved the elevation and appointment of Mr. R.S. Srinivas Jain as Joint Chief Executive Officer and Key Managerial Personnel, effective October 13, 2026. Mr. Jain has been with the company for over 25 years (since May 7, 2001) and brings 34+ years of BFSI experience, having previously managed strategy, digital, technology, and investor relations. The appointment strengthens senior leadership under MD & CEO Debasish Mishra. This leadership change comes alongside recent solid performance, with the company reporting a net profit of Rs 880.255 crore on revenue of Rs 1,152.729 crore in the quarter ended June 2026.

• Appointment of Mr. R.S. Srinivas Jain as Joint CEO and KMP effective October 13, 2026
• Mr. Jain has spent over 25 years at SBIFML (joined May 7, 2001) across sales, digital, tech, and strategy
• Total BFSI industry experience spans more than 34 years, including 27 years in the mutual fund sector
• Board meeting commenced at 06:54 p.m. IST and concluded at 07:15 p.m. IST on October 13, 2026

SBI Funds Management Limited announced the appointment of Mr. Dhruva Agarwal as a Senior Management Personnel, designated as Head of Alternates, effective October 7, 2026. The appointment was approved via a circular resolution by the Board of Directors following NRC recommendation. Mr. Agarwal brings over 20 years of experience in private capital investing and alternative assets, having previously held senior roles at DWS Asset Management, BlackRock, and Baring Private Equity Asia. For Q1 FY27 (Jun 2026), the company reported revenue of Rs 1,152.73 crore and net profit of Rs 880.26 crore.

• Dhruva Agarwal appointed as Senior Management Personnel (Head of Alternates) effective October 7, 2026
• Approval granted via Board circular resolution passed at 6:55 p.m. on October 7, 2026
• Candidate brings over 20 years of private capital investing and fund raise experience
• Company posted Jun 2026 quarterly revenue of Rs 1,152.729 cr and net profit of Rs 880.255 cr

SBI Funds Management Limited has appointed Mr. Amol Joshi as its Chief Financial Officer and Key Managerial Personnel, effective October 1, 2026. This follows the retirement of incumbent CFO Mr. Inderjeet Ghuliani due to superannuation at the close of business on September 30, 2026. Mr. Joshi brings approximately 32 years of industry experience, including previous stints as CFO of TransUnion CIBIL, as well as roles at IndoStar Capital Finance and L&T Financial Services. In the most recent reported quarter ended June 2026, the company posted a net profit of ₹880.255 crore on revenue of ₹1,152.729 crore.

• Amol Joshi appointed as CFO and KMP with effect from October 1, 2026
• Current CFO Inderjeet Ghuliani retires due to superannuation on September 30, 2026
• Incoming CFO has around 32 years of work experience across financial institutions
• Company posted revenue of ₹1,152.729 crore and net profit of ₹880.255 crore in Jun 2026

SBI Funds Management Limited announced that its Board of Directors approved the appointment of Mr. Amol Joshi as Chief Financial Officer and Key Managerial Personnel effective October 1, 2026. This follows the retirement of incumbent CFO Mr. Inderjeet Ghuliani due to superannuation at the close of business on September 30, 2026. Mr. Joshi brings approximately 32 years of industry experience, including previous roles as CFO of TransUnion CIBIL and positions at IndoStar Capital Finance, L&T Financial Services, and Standard Chartered Bank. The company reported a net profit of Rs 880.255 crore on revenue of Rs 1,152.729 crore in the quarter ended June 2026.

• Mr. Inderjeet Ghuliani to retire as CFO effective close of business hours on September 30, 2026
• Mr. Amol Joshi appointed as CFO and KMP effective October 1, 2026
• Incoming CFO Amol Joshi brings around 32 years of work experience across financial institutions
• Q1 June 2026 reported revenue stood at Rs 1,152.729 crore with net profit of Rs 880.255 crore

SBI Funds Management Limited announced changes to its board of directors effective late September 2026. Mr. Moiz Miyajiwala completed his second term as Independent Director and ceased holding his board and committee roles at the close of business on September 28, 2026. Concurrently, the board approved the appointment of Mr. Giridhar Sanjeevi as an Additional Director (Independent) for a 3-year term starting September 29, 2026, subject to shareholder approval. Mr. Sanjeevi brings over 30 years of corporate finance and management experience, previously serving as EVP and CFO at Indian Hotels Company Limited.

• Mr. Moiz Miyajiwala ceased his directorship after completing his second term on September 28, 2026
• Mr. Giridhar Sanjeevi appointed as Independent Director for a period of 3 consecutive years
• Appointment effective September 29, 2026, subject to shareholder approval
• Mr. Sanjeevi brings over 3 decades of finance experience, including former CFO role at IHCL

SBI Funds Management Limited has announced its participation in the Jefferies 5th India Forum scheduled for September 16, 2026, in Gurgaon. The engagement will consist of in-person one-on-one or group meetings with analysts and institutional investors. The company stated that no unpublished price sensitive information (UPSI) will be shared during the interactions. This is a routine investor interaction filing pursuant to Regulation 30 of SEBI LODR.

• Meeting date scheduled for September 16, 2026
• Participation in the Jefferies 5th India Forum
• Format involves in-person one-on-one or group meetings in Gurgaon
• Confirmation that no unpublished price sensitive information will be shared

SBI Funds Management Limited announced the results of its postal ballot e-voting that concluded on September 6, 2026. All five resolutions were passed with the requisite majority, with overall approval exceeding 98% across items. Agendas included the ratification of the ESOP 2018 plan (97.57% in favor), extending ESOP benefits to subsidiaries (97.57% in favor), appointing secretarial auditors (99.99% in favor), and amending Articles of Association to grant special rights under governance and licensing agreements.

• Ratification of ESOP 2018 passed with 97.5725% votes in favor (1,82,45,59,465 votes)
• Extension of ESOP benefits to subsidiary employees approved with 97.5723% votes in favor
• Adoption of amended Articles of Association for granting special rights passed with 98.1975% total votes in favor, despite 50.77% institutional votes against
• Grant of Special Rights pursuant to Governance Agreement dated March 19, 2026 approved with 99.6199% in favor
• Total voting participation reached 91.81% of total eligible outstanding shares

SBI Funds Management Limited announced that Mr. Devinder Pal Singh has ceased to be the Key Managerial Personnel (KMP) and Joint Chief Executive Officer upon reaching the age of superannuation. The change is effective from the close of business hours on August 31, 2026. The company also updated its list of authorized KMPs under Regulation 30(5) for determining materiality, which includes the MD & CEO, Deputy CEO, CFO, and Company Secretary.

• Mr. Devinder Pal Singh ceases to be Joint CEO and KMP effective close of business hours on August 31, 2026
• Cessation is due to attaining the age of superannuation (routine retirement)
• Updated Regulation 30(5) authorized KMP list features MD & CEO Debasish Mishra and Deputy CEO Denys De Campigneulles

SBI Funds Management Limited has submitted an intimation under SEBI LODR Regulations regarding an upcoming institutional investor meeting. Company representatives are scheduled to participate in the 'Ashwamedh - Elara India Dialogue 2026' on September 02, 2026, in Mumbai. The event will involve in-person one-on-one and group interactions. The company clarified that no unpublished price sensitive information will be shared during these sessions.

• Meeting date scheduled for September 02, 2026 in Mumbai
• Event: Ashwamedh - Elara India Dialogue 2026
• Format consists of in-person one-on-one and group meetings
• Company confirmed no unpublished price sensitive information (UPSI) will be shared

SBI Funds Management Limited has announced an internal redesignation for Senior Management Personnel Mr. Rajat Grover, effective August 20, 2026. Mr. Grover, formerly Chief Human Resources Officer and Head of Corporate Social Responsibility, has taken on the additional responsibility of overseeing sustainability. Consequently, his designation has been updated to Chief People & Sustainability Officer (CPSO).

• Effective date of change in designation: August 20, 2026
• New designation: Chief People & Sustainability Officer (CPSO)
• Previous designation: Chief Human Resources Officer and Head Corporate Social Responsibility
• Board meeting duration: 05:42 p.m. to 07:09 p.m. IST on August 20, 2026

SBI Funds Management Limited has announced its participation in the Motilal Oswal 22nd Annual Global Investor Conference scheduled for August 17, 2026. The event will be held in Mumbai and will involve one-on-one and group meetings with institutional investors and analysts. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions. This is a standard investor relations activity to maintain engagement with the financial community.

• Meeting scheduled for August 17, 2026, in Mumbai
• Participation in the 22nd Annual Global Investor Conference by Motilal Oswal
• Nature of meetings includes both One on One and Group formats
• Company confirms no unpublished price sensitive information will be shared