ESAF Small Finance Bank Limited has announced the retirement of a key executive from its credit division. The bank informed stock exchanges about this significant personnel change in compliance with regulatory requirements.

Executive Retirement Details

Shri. Hari Velloor, Executive Vice President - Credit, has retired from ESAF Small Finance Bank effective March 31, 2026. The retirement occurred upon completion of his employment contract period with the bank.

Regulatory Compliance

The bank has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited.

ESAF Small Finance Bank confirmed that suitable arrangements have been made within the organization in relation to the Executive Vice President - Credit position, ensuring continuity in operations during this transition.

Stock Exchange Communication

The formal intimation was sent to the listing departments of both major stock exchanges where the bank's shares are traded. The disclosure includes comprehensive details as required under SEBI regulations and relevant circulars.

The bank has also made this announcement available on its official website under the investor relations section for stakeholder access and transparency.

ESAF Small Finance Bank has successfully allotted 37,397 equity shares to eligible employees under its Employee Stock Option Scheme 2019. The allotment was approved by the bank's Nomination, Remuneration and Compensation Committee on March 08, 2026, as part of the bank's employee incentive program.

Share Allotment Details

The equity shares were issued following the exercise of vested stock options by eligible employees. Each share carries a face value of Rs. 10.00 and was issued at a premium, reflecting the bank's commitment to employee participation in its growth story.

Impact on Share Capital

The allotment has resulted in an increase in the bank's overall equity base. The newly issued shares will be identical to existing equity shares and carry the same rights and privileges.

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The bank has fulfilled all necessary disclosure requirements to both BSE Limited and National Stock Exchange of India Limited.

Share Characteristics

The newly allotted equity shares will rank pari-passu with existing equity shares of the bank, ensuring equal treatment for all shareholders. The shares are issued in demat form and do not carry any lock-in restrictions, providing flexibility to the employee beneficiaries.

This employee stock option exercise demonstrates the bank's ongoing commitment to aligning employee interests with shareholder value creation through equity participation programs.