Meeting Details

The Company conducted a Postal Ballot (only through electronic means) with a remote e-voting period that commenced from 09:00 am IST on Saturday, August 8, 2026 and ended at 05:00 pm IST on Sunday, September 6, 2026. There was no physical meeting as it was conducted entirely via postal ballot.

Proposed Resolutions and Implications

The Postal Ballot sought approval for five resolutions:

1. Special Resolution: Ratification of the SBI Funds Management Limited Employees' Stock Option Plan 2018 (The "ESOP 2018 / Plan")

2. Special Resolution: Ratification of the extension of Benefits under the ESOP 2018 to the Employees of Subsidiary Companies

3. Ordinary Resolution: Appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries as the Secretarial Auditor and payment of their remuneration

4. Special Resolution: Adoption of Amended Articles of Association for granting special rights to certain shareholders pursuant to Waiver cum Amendment Agreement and Licensing Agreement

5. Special Resolution: Grant of Special Rights pursuant to Governance Agreement dated March 19, 2026

Voting Process and Methods

The voting was conducted exclusively through electronic means (e-voting) via CDSL's platform at www.evotingindia.com. The Company had 14,05,861 members as of the cut-off date (August 3, 2026) who were entitled to vote. The Postal Ballot Notice was sent to 13,54,218 members via email on August 3, 2026, and an advertisement was published in Financial Express (English) and Navshakti (Marathi) on August 8, 2026.

Key Voting Outcomes

Resolution 1: Ratification of ESOP 2018 Plan (Special Resolution)

  • Total valid votes cast: 1,869,953,972
  • Votes in favor: 1,824,559,465 (97.5725%)
  • Votes against: 45,393,507 (2.4275%)
  • Abstained: 174,754 votes

Resolution 2: Extension of ESOP to Subsidiary Employees (Special Resolution)

  • Total valid votes cast: 1,869,952,886
  • Votes in favor: 1,824,555,823 (97.5723%)
  • Votes against: 45,397,063 (2.4277%)
  • Abstained: 174,840 votes

Resolution 3: Appointment of Secretarial Auditor (Ordinary Resolution)

  • Total valid votes cast: 1,869,953,814
  • Votes in favor: 1,869,923,795 (99.9984%)
  • Votes against: 29,019 (0.0016%)
  • Abstained: 174,912 votes

Resolution 4: Amended Articles of Association (Special Resolution)

  • Total valid votes cast: 1,869,952,692
  • Votes in favor: 1,836,247,639 (98.1975%)
  • Votes against: 33,705,053 (1.8025%)
  • Abstained: 175,034 votes

Resolution 5: Grant of Special Rights (Special Resolution)

  • Total valid votes cast: 1,869,950,722
  • Votes in favor: 1,862,843,169 (99.6199%)
  • Votes against: 7,107,553 (0.3801%)
  • Abstained: 177,004 votes

All resolutions were passed with the requisite majority and deemed passed on September 6, 2026.

Scrutinizer's Role and Findings

Mr. Bhaskar Upadhyay, Practicing Company Secretary (FCS 8663, CP No: 9625), Partner at M/s. N L Bhatia & Associates, was appointed as Scrutinizer by Board Resolution dated August 3, 2026. His responsibility was to scrutinize the e-voting and ascertain the requisite majority based on reports generated from CDSL's e-voting system. The scrutiny was conducted in a fair, impartial and transparent manner with the postal ballot opened in the presence of two witnesses.

Compliance Confirmation

The disclosure confirms compliance with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Scrutinizer's Report and e-voting results are also available on the Company's website (https://sbifunds.com) and CDSL's website (www.evotingindia.com) pursuant to Regulation 46 of SEBI Listing Regulations.

Additional Information

The Company's registered office is at 9th Floor, Crescenzo, Plot C-38 & 39, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Scrip code: 544829 (BSE), Symbol: SBIFUNDS.