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 announced a significant leadership change, with Mrs. Chitra Talwar set to assume the role of Part-Time Chairperson effective February 8, 2026. This appointment, approved by the Reserve Bank of India (RBI), marks a new chapter in the bank's governance structure.

Key Appointment Details

Transition in Leadership

The appointment comes as the current chairperson, Mr. R Ramaseshan, is set to retire after completing the maximum permissible tenure of eight years on February 7, 2026. This transition aligns with the regulatory requirements outlined in Section 10A of the Banking Regulation Act, 1949, and the RBI circular dated April 26, 2021.

Mrs. Talwar's Background

Mrs. Chitra Talwar brings a wealth of experience to her new role:

• Serving as an Independent Director of Jana Small Finance Bank since January 31, 2020
• Over three decades of corporate experience in leading consumer products companies, including Britannia and PepsiCo
• Expertise in sales, marketing, strategy, and general management
• Experience in both Indian and international markets, including a stint in New York
• Led global teams in developing and implementing sales best practices across international markets

Educational Background

• Bachelor of Arts in Economics from Madras University
• MBA from XLRI

Additional Engagements

• Active in non-profit sectors focusing on education and women and child safety
• Keen interest in startups within the Retail and Skill Development spaces
• Previously served as an Independent Director on the board of NourishCo, a joint venture between Tata Consumer Products and PepsiCo India

The bank has confirmed that Mrs. Talwar meets the Fit & Proper criteria prescribed by the RBI and is not disqualified from directorship by any statutory authority. This appointment represents a continuation of Jana Small Finance Bank's commitment to strong corporate governance and experienced leadership.

As the banking sector continues to evolve, Mrs. Talwar's diverse experience in consumer-focused industries and her strategic insights are expected to contribute significantly to Jana Small Finance Bank's future direction and growth strategies.