Outcome of Board Meeting

SBI Funds Management Limited A joint venture between SBI & AMUNDI (CIN - L65990MH1992PLC065289) Ref. No.: FM/CS/2026/484 Date: October 28, 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Phiroze Jeejeebhoy Towers G Block Bandra – Kurla Complex Dalal Street Bandra East Mumbai – 400 051. Mumbai – 400 001. Scrip Symbol: SBIFUNDS Scrip Code: 544829 Sub: Outcome of the Board Meeting Dear Sir / Madam, Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Joint meeting of Board of Directors of SBI Funds Management Limited (“the Company”) and SBI Mutual Fund Trustee Company Private Limited, held today, i.e., October 28, 2026, has, inter-alia, considered and approved the extension of the term of M/s. Chhajed & Doshi, the Internal Auditor of the Company from April 1, 2028 to March 31, 2030. The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure – I. This intimation is also available on the Company’s website at https://sbifunds.com in compliance with Regulation 46 of the SEBI Listing Regulations. The above Joint meeting commenced at 12:45 p.m. (IST) and concluded at 1:40 p.m. (IST). You are requested to take note of the above and disseminate on your websites. Thanking you, For SBI Funds Management Limited Vinaya Datar Chief Compliance Officer, Company Secretary and Head Legal Membership No.: ACS 15527 Encl: As above Regd. Office: 9th Floor, Crescenzo, Plot C-38 & 39, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Tel: +91 22 6179 3000 I Fax: +91 22 6742 5688 I Website: https.//sbifunds.com I E-mail: companysecretary@sbimf.com SBI Funds Management Limited A joint venture between SBI & AMUNDI (CIN - L65990MH1992PLC065289) Annexure – I Details as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Extension of the term of M/s. Chhajed & Doshi, the Internal Auditor of the Company from April 1, 2028 to March 31, 2030 Sr. Particulars Details 1. Reason for change viz. appointment, re- Extension of the term of M/s. Chhajed & appointment, resignation, removal, death or Doshi, the Internal Auditor of the Company. otherwise; 2. Date of appointment/re- The term of the Internal Auditor has been appointment/cessation (as applicable) & term extended from April 1, 2028 to March 31, of appointment/re-appointment. 2030. 3. Brief Profile (In case of appointment) Chhajed & Doshi is a firm of Chartered Accountants which was established in 1964 by Mr. S.P. Chhajed. The firm is engaged in the field of Auditing, Taxation and Advisory Services. The firm has a diverse clientele across several industries including banking and financial services, NBFC, Insurance, manufacturing, Telecom, Power and more. The firm has demonstrated in-depth experience in Audit and Assurance, Direct and Indirect Taxation, and related areas. The firm has a dedicated team of professionals with strong expertise and proficiency in conducting the Internal Audits. 4. Disclosure of relationships between Directors Not Applicable (in case of appointment of a Director) Regd. Office: 9th Floor, Crescenzo, Plot C-38 & 39, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Tel: +91 22 6179 3000 I Fax: +91 22 6742 5688 I Website: https.//sbifunds.com I E-mail: companysecretary@sbimf.com