Category: SBM Group

SBM Holdings Ltd, the ultimate holding company of SBM Bank (India) Limited (“SBMBI”) wishes to inform its shareholders and the public in general that Mr. Sidharth Rath, Managing Director & CEO of SBMBI, vide his letter dated 12 October 2023, has tendered his resignation. The Board of Directors of SBMBI at its meeting held on 12 October 2023, has accepted the resignation of Mr. Sidharth Rath.

Mr. Sidharth Rath shall continue to carry out the duties as Managing Director and CEO till the close of business hours on 16 November 2023, subject to the approval of the Reserve Bank of India (“RBI”).

In order to facilitate a smooth transition, an application to the RBI has been made by SBMBI for the approval of the appointment of the new Managing Director & CEO.

By Order of the Board
13 October 2023

This Communiqué is issued pursuant to Listing Rule 11.3 of the Stock Exchange of Mauritius.

Dear Valued User,

We wish to inform you that the SBM Leisure Park will be unavailable on Saturday 02 December 2023. Normal operations will resume the following day, Sunday 03 December 2023, at the usual opening hours.

We thank you for your understanding.

SBM Holdings Ltd (SBMH), the ultimate Holding company of SBM Bank (Mauritius) Ltd (SBMBM or the Bank), wishes to inform its shareholders and the public in general that Mr Premchand Mungar has been appointed as the Chief Executive Officer (CEO) of SBMBM effective 22 November 2023.

This nomination adds to the composition of the executive team at the helm of the Board and Management of SBMBM.

Mr Premchand Mungar is a seasoned banker, with over 35 years’ experience at managerial and executive levels, both in Mauritius and Africa, and has also served on various boards in Mauritius. He was formerly the CEO of MauBank Ltd.

He will continue the transformation work of the Bank initiated over the past few years.

By order of the Board
22 November 2023

This Communiqué is issued pursuant to Listing Rule 11.3 and the Securities Act 2005.

Interim Unaudited Condensed Financial Statements for the nine months ended 30 September 2023

The Board of Directors of SBM Holdings Ltd wishes to inform its shareholders that the Interim Unaudited Condensed Financial Statements for the nine months ended 30 September 2023 have been approved by the Board on 13 November 2023.

The Interim Unaudited Condensed Financial Statements have been published and can be viewed here

By order of the Board

Mrs D. Ramjug Chumun
Company Secretary

13 November 2023

This notice is issued pursuant to Listing Rule 12.20 and the Securities Act 2005.

SBM Mauritius Asset Managers Ltd and DTOS Trustees Ltd, the Manager and Trustee, respectively, of SBM Yield Fund (the “Fund”), are pleased to advise the Unit holders of the Fund that a final dividend payment of MUR 0.05 per unit has been approved for the financial year ended June 2023.

The dividend will be paid on or before October 20, 2023 to all Unit holders registered at the close of business on September 19, 2023.

By order of the Manager
SECRETARY
October 05, 2023