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.

Capital Small Finance Bank has issued a comprehensive postal ballot notice dated February 23, 2026, seeking shareholder approval for critical governance and remuneration matters through remote e-voting process. The notice addresses three significant resolutions requiring member consent under regulatory compliance frameworks.

Executive Director Remuneration Revision

The bank proposes to revise the remuneration structure of Executive Director Munish Jain (DIN: 10132430) effective April 01, 2025, following Reserve Bank of India guidelines. The revision aligns with RBI's compensation framework for Whole Time Directors and Chief Executive Officers.

The revised structure reduces fixed compensation while increasing performance-linked variable components. RBI has approved the fixed remuneration of ₹1.54 crore per annum through letter No. DoR.GOV.No.S5481/29.44.004/2024-2025 dated October 10, 2025.

Re-appointment of Executive Director

The second resolution seeks approval for Munish Jain's re-appointment as Whole Time Director designated as Executive Director for three years effective August 28, 2026. Jain, who joined the bank in 2000 during its inception as Capital Local Area Bank, brings over 25 years of banking experience across strategic formation, treasury operations, and business planning.

The Nomination and Remuneration Committee recommended the re-appointment based on Jain's contribution to the bank's conversion to Small Finance Bank status and successful equity listing on February 14, 2024.

Related Party Remuneration Approval

The third resolution addresses remuneration for Shahbaz Singh Samra, son of Managing Director & CEO Sarvjit Singh Samra, who currently serves as Senior Vice President – Alternate Distribution Unit. The proposal seeks approval for enhanced remuneration ceiling to accommodate performance-linked revisions.

Samra holds qualifications from Loughborough University (B.Sc. Management Science) and University of St. Andrews (M.Litt. Marketing), with prior experience at KPMG-India's Strategy – Financial Services practice.

E-voting Process and Timeline

The bank has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to facilitate remote e-voting. Mr. Bunny Sehgal of B. Sehgal and Associates (Membership No. F11407, COP No. 15161) has been appointed as Scrutinizer for the postal ballot process.

Eligible shareholders as of the cut-off date can participate through multiple platforms including NSDL, CDSL, and InstaVote portals. The notice is being distributed electronically to registered email addresses in compliance with MCA circulars.

Regulatory Compliance Framework

All proposed resolutions require compliance with multiple regulatory frameworks including the Companies Act 2013, SEBI Listing Obligations and Disclosure Requirements Regulations 2015, and Banking Regulation Act 1949. The remuneration revisions specifically align with RBI's Guidelines on Compensation of Whole Time Directors dated November 04, 2019.

The bank's board of directors unanimously recommends approval of all three ordinary resolutions, emphasizing their alignment with corporate governance standards and long-term organizational objectives.