Equitas Small Finance Bank has received regulatory approval from the Reserve Bank of India for the re-appointment of its current Managing Director and Chief Executive Officer. The approval ensures leadership continuity for the small finance bank as it continues its operations in the competitive banking sector.

RBI Approval Details

The Reserve Bank of India has accorded its approval for the re-appointment of Mr. Vasudevan P N (DIN: 01550885) as Managing Director and Chief Executive Officer of the bank. The approval was communicated through official correspondence from the central bank.

Leadership Continuity

The three-year re-appointment term will commence from July 23, 2026, providing the bank with stable leadership for its future operations. Mr. Vasudevan P N will continue in his dual role as both Managing Director and Chief Executive Officer during this period.

The bank has formally communicated this development to both the National Stock Exchange of India Limited and BSE Limited, fulfilling its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

Equitas Small Finance Bank has maintained transparency by promptly informing the stock exchanges about this significant corporate development. The notification was signed by N Ramanathan, Company Secretary, ensuring proper authorization and compliance with regulatory requirements.

This re-appointment reflects the regulatory confidence in the bank's current management and provides clarity on leadership succession for stakeholders and investors.

Equitas Small Finance Bank has announced the opening of a special window for shareholders to re-lodge transfer requests for physical shares, following regulatory guidelines from the Securities and Exchange Board of India (SEBI). The initiative aims to facilitate the transfer and dematerialisation of physical securities that were previously rejected or not processed due to various deficiencies.

Regulatory Framework and Timeline

The special window has been established in compliance with SEBI Circular bearing reference HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This regulatory directive specifically addresses physical securities that were sold or purchased prior to April 01, 2019 and were subsequently rejected, returned, or not processed due to deficiencies in documents, procedures, or other reasons.

Public Communication and Compliance

In accordance with Regulation 30 and other applicable clauses of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank has undertaken comprehensive public communication regarding this facility. On April 22, 2026, advertisements were published in Business Standard and Makkal Kural newspapers across all editions to ensure widespread awareness among shareholders.

The bank has also leveraged digital platforms to reach stakeholders, with official posts disseminated through its social media channels:

Documentation and Process Requirements

Shareholders seeking to utilise this special window must submit comprehensive documentation to ensure compliance with regulatory requirements. The process involves lodging transfer requests with the bank or its Registrar and Transfer Agent (RTA) along with mandatory supporting documents as specified by SEBI guidelines.

All securities transferred during this window will be credited exclusively in dematerialised form and will remain under a lock-in period of one year from the date of registration of transfer. During this lock-in period, the securities cannot be transferred, lien marked, or pledged, ensuring regulatory compliance and investor protection.

Important Deadlines and Limitations

The bank has emphasised that transfer requests submitted after February 04, 2027, will not be accepted by either the bank or its RTA. This strict deadline underscores the importance of timely action by eligible shareholders who wish to regularise their physical share holdings.

The communication was formally signed by N Ramanathan, Company Secretary of Equitas Small Finance Bank Limited, and digitally authenticated on April 22, 2026, at 17:39:23 +05'30'. This initiative represents the bank's commitment to facilitating shareholder services while ensuring full regulatory compliance with SEBI directives.