SBI Funds Management Appoints N.L. Bhatia & Associates as Secretarial Auditor for 5 Years; Approves Financial Results
SBI Funds Management Limited approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company appointed M/s. N. L. Bhatia & Associates as Secretarial Auditor for five years. It will invest up to ₹25 Crores in its subsidiary, SBI Funds International (IFSC) Limited.
The appointment of a secretarial auditor for a long term and the investment in a subsidiary are significant operational and strategic decisions. The financial results are also a key update for investors, justifying a medium impact.
The announcement details routine financial results and auditor appointments, along with strategic investments and corporate governance changes. While these are important, they do not present a significant positive or negative shift in the company's immediate outlook.
SBI Funds Management Limited (SBIFUNDS) announced a significant board meeting outcome on August 3, 2026. The Board of Directors approved the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, which have undergone a limited review by the statutory auditors.
Furthermore, the company has appointed M/s. N. L. Bhatia & Associates as its Secretarial Auditor for a term of five consecutive years, from the financial year 2026-27 to 2030-31, subject to member approval. This appointment follows the recommendation of the Audit Committee.
The Board also approved the adoption of Amended Articles of Association to grant special rights to certain shareholders, as per a Waiver Cum Amendment Agreement dated March 19, 2026. These special rights, also detailed in a Governance Agreement dated March 19, 2026, pertain to State Bank of India (SBI) and Amundi India Holding (AIH) and cover aspects like board nominations, appointment of key management personnel, and information rights.
In a strategic move, the company will make a further investment of up to ₹25 Crores in its wholly-owned subsidiary, SBI Funds International (IFSC) Limited, through a Right Issue. This investment is aimed at meeting sponsor contribution requirements and achieving strategic objectives for the GIFT City platform.
Additionally, the company will seek member approval via a postal ballot for the ratification of the Employees’ Stock Option Plan 2018, extension of its benefits to subsidiary employees, the appointment of N L Bhatia & Associates as secretarial auditor, adoption of amended articles of association, and the grant of special rights. The trading window for designated persons will remain closed until August 5, 2026.
The Board meeting commenced at 4:25 p.m. (IST) and concluded at 6:11 p.m. (IST). The financial results and this intimation are also available on the company's website.
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SBI Funds Management Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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