Capital Small Finance Bank Limited announced a key leadership appointment following its board meeting held on March 31, 2026. The bank's board of directors approved the appointment of Mr. Sameer Mahawar as Chief Risk Officer (CRO), marking a significant development in the bank's senior management structure.

Board Meeting Outcomes

The board meeting, which commenced at 03:00 p.m and concluded at 06:30 p.m on March 31, 2026, considered and approved the appointment based on recommendations from the Nomination and Remuneration Committee. The appointment is effective from April 01, 2026, and was made in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Mr. Raghav Aggarwal, who completed his tenure as Chief Risk Officer on March 31, 2026, will be elevated to the position of Chief Credit Officer (Branch Banking) effective April 01, 2026.

Profile of New Chief Risk Officer

Mr. Sameer Mahawar brings substantial experience to his new role as CRO. At 34 years of age, he holds a Bachelor of Commerce (B.Com) degree and is a qualified Chartered Accountant (CA), being a Member of the Institute of Chartered Accountants of India (ICAI).

Professional Experience

Mr. Mahawar has been associated with Capital Small Finance Bank since May 2017 and has demonstrated versatility by working across multiple key functions within the organization. His experience spans the Finance Department, Treasury Department, and most recently, he served as Deputy CRO before his elevation to the top risk management position.

Regulatory Compliance

The appointment was made in accordance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30, 33, and 51, 52(4). The bank also complied with SEBI circular SEBI/HO/CFD/CFD – PoD-1/P/CIR/2023/123, dated July 13, 2023, in making the necessary disclosures.

Stock Exchange Filing Details

The formal communication was sent to both BSE Limited and National Stock Exchange of India Limited, with the document digitally signed by Company Secretary Amit Sharma on March 31, 2026.

The announcement reflects the bank's commitment to maintaining strong risk management capabilities while ensuring smooth leadership transitions within its senior management team.

Capital small finance bank has announced the results of its postal ballot conducted to approve key resolutions related to executive appointments and remuneration. The voting process concluded on March 25, 2026, with shareholders approving all three proposed resolutions with overwhelming majority support.

Postal Ballot Overview

The postal ballot was conducted based on the notice dated January 29, 2026, with the record date set as February 20, 2026. The bank had 64,151 total shareholders on the record date, and the e-voting facility remained open from February 24, 2026, to March 25, 2026.

Resolution Results

All three resolutions were passed with requisite majority. The first resolution regarding revision in remuneration of Mr. Munish Jain received 21,062,867 votes in favor (99.97%) against 6,100 votes (0.03%). The second resolution for his re-appointment as Executive Director garnered 21,062,899 votes in favor (99.97%) with 6,068 votes against (0.03%).

Resolution 1: Remuneration Revision

Resolution 2: Re-appointment as Executive Director

Executive Director Details

Mr. Munish Jain (DIN: 10132430) has been re-appointed as Whole Time Director designated as Executive Director with effect from August 28, 2026, for a period of 3 years. The appointment remains subject to approval from the Reserve Bank of India. Mr. Jain, aged 47 years, holds 185,299 equity shares in the bank and brings over 25 years of extensive banking experience.

Additional Resolution

The third resolution approving payment of remuneration to Mr. Shahbaz Singh Samra, a related party holding office or place of profit, was also passed with 13,044,112 votes in favor (99.59%) against 53,872 votes (0.41%). This resolution had lower participation with 28.84% of outstanding shares voting, as promoter group abstained due to their interest in the resolution.

Regulatory Compliance

The postal ballot results were announced in compliance with Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The scrutinizer's report was prepared by Bunny Sehgal of B. Sehgal and Associates, who was appointed by the Board of Directors on January 29, 2026. The bank has submitted the voting results to BSE Limited and National Stock Exchange of India Limited for record purposes.