Jana Small Finance Bank Limited has announced the appointment of Mrs. Malini B Mallikarjun as Additional Director (Independent Director), effective March 20, 2026. The appointment was communicated to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of Mrs. Mallikarjun's appointment are structured as follows:

Professional Background

Mrs. Malini B Mallikarjun brings extensive experience spanning over 30 years in various leadership roles. Her career encompasses diverse areas including tax advisory, in-house tax counsel, partner leading micro practice in professional services, and leadership in large implementing philanthropic foundations.

Currently, she leads BhuSampada, a Centre working at the intersection of land governance and climate mitigation, at the National Institute of Advanced Studies (NIAS). Her career trajectory demonstrates her ability to navigate complex regulatory regimes, engage multiple stakeholders, and lead complex transformations.

Previous Professional Experience

Mrs. Mallikarjun's professional journey includes significant roles at prominent organizations:

• Former Partner at BMR Advisors: Specialized in indirect taxes and foreign trade
• Director at Ernst & Young: Advised multinational clients on regulatory frameworks and fiscal planning
• Senior Leader at Piramal Foundation: Co-founded the Systems Change Program, partnering with state governments to improve public education and health systems

Educational Qualifications and Expertise

An alumna of the National Law School of India University (NLSIU), Mrs. Mallikarjun brings a multidisciplinary approach to board governance. Her expertise combines legal rigour, understanding of ESG frameworks, and ability to engage with multiple stakeholders to arrive at strategic decisions.

Regulatory Compliance

Jana Small Finance Bank Limited has confirmed that Mrs. Malini B Mallikarjun is not debarred from holding the office of Directors pursuant to any SEBI order or by any other Regulatory Authority. The appointment complies with all regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jana Small Finance Bank has completed the allotment of 29,259 equity shares under its Employee Stock Option Plan (ESOP) schemes on March 17, 2026. The allotment was made pursuant to the exercise of options granted to employees under the bank's ESOP 2017 and ESOP 2018 schemes, as disclosed to the stock exchanges under Regulation 30 of SEBI Listing Regulations.

Share Allotment Details

The allotment comprises shares from two ESOP schemes with varying exercise prices and premiums:

All allotted equity shares carry a face value of Rs. 10 each and are fully paid-up. The shares will rank pari-passu with the existing equity shares of the bank, providing equal rights and privileges to the holders.

Impact on Share Capital

The allotment has resulted in an increase in the bank's paid-up equity share capital:

The distinctive numbers for the newly allotted shares range from 105,295,298 to 105,324,557.

Regulatory Compliance

Jana Small Finance Bank has informed both BSE Limited and National Stock Exchange of India Limited about the allotment. The bank will submit applications for listing and trading approval from both exchanges for the newly allotted shares. The shares are issued in demat form under ISIN number INE953L01027.

The bank had previously filed the required statement under regulation 10(b) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 with the recognized stock exchanges on July 17, 2024. No lock-in period applies to these shares, and no listing fees are payable for this allotment.