The Board of Directors of SBM Holdings Ltd (“SBMH”), the immediate holding company of SBM (NBFC) Holdings Ltd (“SBM NBFC”), wishes to inform its shareholders and the public in general that, pursuant to a mutual agreement reached between SBM NBFC and Mr Shailendrasingh (Shailen) Sreekeessoon, Mr Sreekeessoon will step down from his position as Chief Executive Officer of SBM NBFC with effect from 31 August 2026. Mr Sreekeessoon will continue to serve as CEO of SBM NBFC until the close of business on 31 August 2026.
The Board takes this opportunity to express its sincere appreciation to Mr Sreekeessoon for his contribution to SBM NBFC and wishes him every success in his future endeavours.
To ensure continuity of leadership and operations, the Board of SBM NBFC has appointed Mr Dharmeshsingh Mohadewo, currently Head of Trading & Structuring at SBM Capital Markets Ltd, as Officer-in-Charge of SBM NBFC on an interim basis with effect from 1 September 2026.
The Board further wishes to inform its shareholders and the public in general that a selection process has been initiated to identify a suitable candidate for appointment as CEO of SBM NBFC from within the SBM Group.
By Order of the Board
21 August 2026
This Communiqué is issued pursuant to Listing Rule 11.3 of the Stock Exchange of Mauritius and the Securities Act 2005.
The Board of Directors of SBM Holdings Ltd accepts full responsibility for the accuracy of the information contained in this Communiqué.