Capital Small Finance Bank announced significant corporate governance changes through regulatory filings under Regulation 30, including the appointment of new statutory auditors and designation of key personnel as Senior Management Personnel (SMP) effective April 29, 2026.

New Statutory Auditor Appointment

The bank's Board approved the appointment of M/s GSA & Associates LLP as statutory auditors for a three-year term at the ensuing 27th Annual General Meeting. The audit firm brings extensive expertise across multiple sectors and regulatory compliance.

GSA & Associates LLP is a leading audit and consultancy firm with the mission of providing world-class financial solutions. The firm has extensive exposure across Financial & banking sector, Insurance sector, Energy and Power sector, Infrastructure sector, Hospitality Sector, Oil & Gas Sector, IT & Communication Sector, Media & other Service sectors, Automobiles & Auto Sector, FMCG Sector, Textile Sector, Real Estate Sector, Agricultural sector, Mining Sector and Aviation sector.

Senior Management Personnel Designations

The Board designated two key executives as Senior Management Personnel, strengthening the bank's leadership structure and regulatory compliance framework.

Raghav Aggarwal - Chief Credit Officer (Branch Banking)

Mr. Raghav Aggarwal has over 16 years of experience including 12.5 years of experience in banking domain with deep specialization in credit and risk management. He previously worked as Chief Risk Officer for 6 years with Capital Small Finance Bank Limited and started his journey with the Bank in 2015, continuously working in different roles both credit and risk.

Manish Khurana - Head of Internal Audit

Mr. Manish Khurana serves as Senior Vice President & Head of Internal Audit and has been associated with the Bank since March 2012, bringing over a decade of rich experience within the organization. Since assuming charge as Head of Internal Audit in January 2022, he has been instrumental in strengthening the Bank's internal audit framework by enhancing the effectiveness of internal controls, risk management processes, and governance mechanisms.

Regulatory Compliance and Governance Enhancement

These appointments demonstrate the bank's commitment to strengthening corporate governance and regulatory compliance. The designation of experienced professionals as SMPs ensures robust risk management and internal control frameworks while the new statutory auditor appointment brings fresh perspective and specialized expertise to the audit function.

Both newly designated SMPs have extensive tenure with the bank and deep understanding of its operations, ensuring continuity while enhancing the senior management structure. Their professional qualifications and experience positions them well to contribute to the bank's continued growth and regulatory adherence.

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Capital Small Finance Bank has designated two key executives as Senior Management Personnel (SMP) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective April 29, 2026. The Board of Directors approved these designations at its meeting held on April 29, 2026, upon recommendation of the Nomination and Remuneration Committee.

Designation Details

The bank has designated Mr. Raghav Aggarwal as Chief Credit Officer (Branch Banking) as SMP of the bank. He brings over 16 years of experience including 12.5 years in the banking domain, with deep specialization in credit and risk management. Previously, he served as Chief Risk Officer for 6 years with Capital Small Finance Bank Limited. He started his journey with the bank in 2015 and has continuously worked in different roles across credit and risk functions.

Mr. Manish Khurana, Head of Internal Audit, has also been designated as SMP. A qualified CA, CS (Inter), M.Com, and CAIIB, he serves as Senior Vice President & Head of Internal Audit. Associated with the bank since March 2012, he has been instrumental in strengthening the internal audit framework since assuming charge in January 2022. He provides independent assurance on operational and financial processes while ensuring alignment with regulatory expectations.

Regulatory Compliance

The designations have been communicated to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulations. The bank's scrip codes are 544120, 951995 & 953739 on BSE, with the symbol CAPITALSFB on NSE. Both executives have no directorial relationships within the bank as per the disclosures made under the regulatory framework.

The notification was signed by Amit Sharma, Company Secretary & Compliance Officer (Membership No.: F10888), ensuring proper adherence to listing obligations and disclosure requirements.