SBI Funds Management leadership change: SBI Funds Management Limited has redesignated Rajat Grover as Chief People & Sustainability Officer, effective August 20, 2026, the company said in a BSE filing on Thursday.

Grover, who is currently a Senior Management Personnel, was serving as Chief Human Resources Officer and Head Corporate Social Responsibility. Under the revised designation, he will take on the additional responsibility of overseeing sustainability for the company.

The disclosure was submitted to BSE under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circulars.

Board takes note of expanded responsibility

The Board of Directors of SBI Funds Management Limited took note of Grover’s change in designation at its meeting held on August 20. The filing clarified that Rajat Grover continues as Senior Management Personnel of the company.

The development represents a change in designation rather than a fresh appointment. Consequently, the company marked the term of appointment, brief profile and disclosure of relationships between directors as not applicable in the annexure accompanying its exchange filing.

  • Previous designation: Chief Human Resources Officer and Head Corporate Social Responsibility
  • New designation: Chief People & Sustainability Officer
  • Additional remit: Oversight of sustainability
  • Effective date: August 20, 2026
  • Senior management status: Continues unchanged

Meeting and disclosure details

The board meeting commenced at 5:42 p.m. IST and concluded at 7:09 p.m. IST. SBI Funds Management filed the outcome with both BSE and the National Stock Exchange of India.

The company’s shares are identified by BSE scrip code 544829 and NSE symbol SBIFUNDS. The filing was signed by Vinaya Datar, Chief Compliance Officer, Company Secretary and Head Legal.

SBI Funds Management also said the intimation is available on its website in compliance with Regulation 46 of the SEBI Listing Regulations. The prescribed details were provided under the applicable SEBI master circular dated January 30, 2026, as amended.

Source: BSE corporate announcement.