Jana Small Finance Bank held its 20th Annual General Meeting on September 29, 2026, at 11:00 am through Video Conferencing and Other Audio Visual Means. The meeting was chaired by Chairperson Chitra Talwar and attended by 55 members, satisfying the requisite quorum for proceedings.

The bank filed the proceedings with the National Stock Exchange of India and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Lakshmi R N confirmed that the notice and Annual Report for FY26 were circulated to members and taken as read. Remote e-voting results will be available on stock exchange and bank websites within 48 hours of the meeting.

Board composition and leadership updates

Managing Director and CEO Ajay Kanwal provided an update on the bank's performance for FY26. He addressed shareholder queries during the session. The Board of Directors present included Executive Director K S Raman and several independent directors overseeing key committees such as Risk Management, Audit & Compliance, and Credit.

Voting and procedural compliance

Shareholders who had not cast votes via remote e-voting were invited to vote electronically during the live session. The e-voting facility remained open for 30 minutes after the discussion. The meeting concluded at 11:45 am. No formal motion moving or seconding process was required as resolutions were put to vote through remote e-voting mechanisms in compliance with Ministry of Corporate Affairs and SEBI circulars.

Jana Small Finance Bank appointed Rajeev K as the new Head of Internal Audit effective September 28, 2026. The appointment marks a leadership transition in the bank's senior management personnel, with Rajeev bringing nearly three decades of banking experience to the role.

Leadership transition details

Rajeev K succeeds Ramachandran, who has expressed his intention to retire from services after completing seven years with the bank and attaining the age of 67 years. Ramachandran relinquished charge as Head of Internal Audit immediately upon the announcement and will formally retire from the bank on December 2, 2026.

The appointment was approved by the Audit & Compliance Committee of the Board (ACB) and the Nomination & Remuneration Committee (NRC) on August 11, 2026. Subsequently, the Board of Directors approved the agenda in its meeting held on August 13, 2026. This disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of incoming head

Rajeev K is a seasoned banker with approximately 30 years of total experience. His career includes extensive exposure across audit themes relevant to the bank's business operations. Prior to joining Jana Small Finance Bank, he worked at Axis Bank, ICICI Bank, and State Bank of India.

His academic qualifications include a Masters of Business Administration from ICFAI University, a Masters of Commerce from Annamalai University, and a Bachelors of Commerce from Calicut University. His professional background covers commercial banking, MSME, farmer financing, gold loans, microfinance, and co-lending audit themes, which align closely with the bank's core lending verticals.

Disclosure summary

The change in senior management personnel was disclosed to the National Stock Exchange of India Ltd. and BSE Limited in compliance with SEBI Master Circular reference no. SEBI/HO/CFD/PoD2/CIR/P/023/120 dated July 11, 2023, and SEBI Circular reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.