Jana Small Finance Bank announced the allotment of 16,562 equity shares under its Employee Stock Option Plan (ESOP) schemes on December 16, 2025. The allotment was made pursuant to the exercise of options granted to employees under both ESOP 2017 and ESOP 2018 schemes, as disclosed under Regulation 30 of SEBI Listing Regulations.

Share Allotment Details

The allotment comprised shares from both ESOP schemes with varying exercise prices:

Exercise Price Structure

The shares were allotted at different exercise prices based on the respective ESOP schemes:

Impact on Share Capital

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

Regulatory Compliance

The equity shares allotted are fully paid-up and shall rank pari-passu with the existing equity shares of the bank. Jana Small Finance Bank will submit applications for listing and trading approval from both BSE Limited and National Stock Exchange Limited for the newly allotted shares. The distinctive numbers for the new shares range from 105,257,129 to 105,273,690, with ISIN number INE953L01027.

The bank had filed the required statement under regulation 47 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 with the recognized stock exchanges on July 30, 2024. No lock-in period applies to these allotted shares, making them freely tradable upon listing approval.

Jana Small Finance Bank has successfully obtained shareholder approval for the appointment of Mr. Rakesh Joshi as a Non-Executive Independent Director. The approval was secured through a postal ballot, with 99.89% of votes cast in favor of the appointment.

Key Details of the Appointment

Remuneration and Voting Process

Mr. Joshi's appointment comes with an annual remuneration package and sitting fees:

The bank conducted an e-voting process for shareholders to cast their votes:

• E-voting Period: October 24 to November 23, 2025
• Cut-off Date for Voting Eligibility: October 17, 2025
• Results Announcement: By November 25, 2025

The remote e-voting process concluded on November 23, 2025, with 271 members participating out of 53,304 total shareholders as of the cut-off date.

Professional Background

Mr. Rakesh Joshi brings extensive experience to the bank:

• Expertise in Wholesale Banking, Retail Banking, Investment Banking, and Insurance
• 15 years in Front Office roles, from Junior Trader to Chief Dealer
• Strong understanding of Markets and Asset-Liability Management (ALM)
• Proven track record in designing and restructuring systems for enhanced growth and profitability

Current Directorships

Mr. Joshi currently serves on the boards of:

1. The Clearing Corporation of India Limited
2. Bima Sugam India Federation
3. Kaustubh Motor works (LLP)

His appointment is expected to bring valuable insights to the bank's board, particularly in areas of risk management, finance, and regulatory compliance.

The successful approval of Mr. Joshi's appointment aligns with Jana Small Finance Bank's commitment to maintaining a strong and diverse board to guide its strategic growth in the competitive small finance banking sector.