On April 30, 2025, SBFC Finance Limited (a leading financial services company), listed on both the National Stock Exchange (NSE) and BSE Limited, announced significant changes in its senior management team. The company disclosed that Mr. Pankaj Poddar, the Chief Risk Officer (CRO), has tendered his resignation, effective immediately, to explore new entrepreneurial and professional opportunities. Additionally, Mr. VM Maneesh, the Chief Operations Officer (COO), has also decided to pursue new professional opportunities that better align with his career goals. His resignation will be effective on May 15, 2025.

This move follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company’s commitment to keeping its stakeholders informed. The company has placed on record its sincere appreciation for the valuable services rendered by both Mr. Poddar and Mr. Maneesh during their tenure with the company. Their contributions have been pivotal in shaping the company's operational and risk management strategies.

The detailed information as per SEBI guidelines has been shared with the National Stock Exchange (NSE) and BSE Limited. These disclosures are also being made available on the official SBFC Finance Limited website under the investor relations section for the public's access.

Annexure-A includes a detailed breakdown of the resignation reasons and effective dates for both executives. While Mr. Poddar's resignation is immediate, Mr. Maneesh’s last working day will be May 15, 2025. Both executives were pivotal in their respective roles in Risk Management and Operations during their time at SBFC, contributing to the firm’s growth and operational excellence.

As per the company's policy, Annexure-B and Annexure-C contain the official resignation letters from Mr. Pankaj Poddar and Mr. VM Maneesh, respectively. The company has made sure to comply fully with the SEBI regulations regarding executive changes and has committed to maintaining transparency in corporate governance.

SBFC Finance Limited would like to thank Mr. Poddar and Mr. Maneesh for their leadership and hard work, and the company remains confident that it will continue to thrive and meet the expectations of its investors and stakeholders in the future. The company will announce further steps regarding the succession of these senior roles in due course.

The resignation notices and other necessary details related to the changes in senior management can be found on the SBFC Finance Limited investor page at www.sbfc.com/investors.

With the resignations of these two senior executives, the company is expected to implement strategic measures to maintain its robust risk management practices and operational excellence moving forward. The stock markets and investors are advised to stay tuned for any further developments in the management structure and strategic decisions in the future.

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