ESF Small Finance Bank Limited has strengthened its governance and leadership structure by appointing two new directors and two senior management personnel. The Board of Directors approved these appointments at a meeting held on June 04, 2026. These moves are subject to shareholder approval where applicable and are aimed at bolstering the bank's risk management and operational frameworks.

Pursuant to the recommendations of the Nomination, Remuneration and Compensation Committee of the Board (NRCCB), the Bank appointed Shri. Ashok Tukaram Dhamankar as a Non-Executive Independent Director for a period of three consecutive years. Shri. Dhamankar is a seasoned finance and fintech professional with extensive experience in investment banking, sustainable finance, and agri-value chains. He is the Founder and CEO of FinBridge Access to Capital Aggregators Private Limited and has held senior leadership roles including CFO – Financial Services at UPL and Group CFO at Samunnati Financial Intermediation & Services.

The Board also appointed Shri. Hari Velloor as a Non-Executive Director of the Bank for three years. He brings over three decades of experience in the banking sector, having previously served as Executive Vice President at ESAF Small Finance Bank (2022–2026) and held leadership roles at HDFC Bank and Canara Bank. His expertise covers business operations, risk management, compliance, and strategic planning.

In addition to board appointments, the Bank announced changes in its senior management. Shri. G Narasimha Murthy has been appointed as Chief Risk Officer for a period of three years with effect from August 01, 2026, upon the completion of the employment contract of Shri. Wilson Cyriac on July 31, 2026. Shri. Murthy is a Chartered Accountant with deep expertise in credit risk, market risk, and operational risk, currently serving as Executive Vice President at Jana Small Finance Bank.

Furthermore, Shri. Poulose Bharanikulangara has been appointed as Head – Internal Audit for a period of three years with effect from July 01, 2026. This follows the completion of the employment contract of Shri. Sivakumar P as Head – Internal Audit on June 30, 2026. Shri. Bharanikulangara brings over 35 years of banking experience with Bank of Baroda across India, the UAE, and Mauritius, specializing in corporate and retail credit, risk management, and audit.

Summary of Appointments

ESAF Small Finance Bank Limited has appointed G Narasimha Murthy as Chief Risk Officer and Poulose Bharanikulangara as Head-Internal Audit for three years. The Board of Directors approved these changes on June 04, 2026, to ensure continuity in senior management roles critical for risk governance and internal controls.

The appointments follow the completion of employment contracts for the incumbents. Shri. Wilson Cyriac will retire as Chief Risk Officer on July 31, 2026, while Shri. Sivakumar P will retire as Head-Internal Audit on June 30, 2026. The new appointees will assume their respective roles immediately following these departures.

Shri. G Narasimha Murthy, a Chartered Accountant, brings deep expertise in credit, market, and operational risk. He is currently serving as Executive Vice President at Jana Small Finance Bank. His experience includes implementing Basel III regulatory frameworks and engaging with RBI supervisory processes.

Shri. Poulose Bharanikulangara holds an MBA in Banking & Finance and is a Certified Associate of the Indian Institute of Bankers. He brings over 35 years of banking experience from Bank of Baroda, having served across India, the UAE, and Mauritius in roles spanning credit, risk management, and audit.

Management Appointments

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.