The SBI Funds Management board has approved the appointment of Giridhar Sanjeevi as an Additional Director (Independent) for three consecutive years, effective September 29, 2026, the company said in a BSE filing dated September 28, 2026. The appointment is subject to shareholder approval.

The board passed the circular resolution approving his appointment at 9:39 pm IST on September 28. In the same disclosure, SBI Funds Management reported that Moiz Miyajiwala completed his second term as an Independent Director at the close of business hours that day.

The filing therefore covers two board changes with separate effective dates: Miyajiwala's cessation on September 28 and Sanjeevi's appointment from the following day. The company disclosed both developments under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Giridhar Sanjeevi's finance and board experience

Giridhar Sanjeevi brings more than three decades of experience in finance and management, according to the profile accompanying the exchange filing. He holds a postgraduate diploma in management from the Indian Institute of Management, Ahmedabad, and is a qualified Chartered Accountant.

  • He currently serves as Chairperson and Independent Director on the board of Amagi Media Labs Limited.
  • He was previously associated with Indian Hotels Company Limited as Executive Vice President and Chief Financial Officer.
  • His appointment at SBI Funds Management is for a three-year term beginning September 29, 2026.

The company stated that Sanjeevi has no relationship with its other directors. It also confirmed that he is not debarred from holding the office of director by any order of SEBI or another such authority.

Moiz Miyajiwala completes second term

Moiz Miyajiwala completed his second term as an Independent Director at the close of business hours on September 28, 2026. His cessation also ended his chairperson and membership roles on board committees identified in the filing: the Audit Committee, Risk Management Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

SBI Funds Management acknowledged his contributions and guidance during his association with the company. The disclosure was addressed to BSE, where the company's scrip code is 544829, and the National Stock Exchange, where its symbol is SBIFUNDS.

Source: BSE corporate announcement.