ESAF Small Finance Bank disclosed that its promoters and Persons Acting in Concert (PAC) have not encumbered any shares held by them in the bank for the financial year ended March 31, 2026. The confirmation, submitted in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensures that the shareholding structure remains free of pledges as of the reporting date.

The filing was made to the BSE Limited and National Stock Exchange of India Limited. Ranjith Raj P, Company Secretary and Compliance Officer, submitted the disclosure on behalf of the bank. The announcement has been made available on the bank's official website.

Promoter Holdings and Disclosures

The promoter group provided specific confirmations regarding their shareholding status. Kadambelil Paul Thomas, holding 3,11,86,785 equity shares (6.05%), confirmed on behalf of himself and the promoter group that no encumbrance was made directly or indirectly during the financial year. He further declared that as on March 31, 2026, no shares of the bank were encumbered or pledged by the promoters or PAC.

Separately, ESAF Financial Holdings Private Limited, holding 27,25,48,396 equity shares (52.85%), also confirmed that it did not create any encumbrance on the shares held by the promoter group during the financial year ended March 31, 2026. The entity confirmed that no shares were pledged as of the specified date.

The disclosures were addressed to the Listing Department of BSE Limited, the Listing and Compliance Department of NSE Limited, and the Chairman of the Audit Committee of the Board of ESAF Small Finance Bank Limited.

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