Utkarsh Small Finance Bank Limited has announced a change in its Board composition with the cessation of Mr. Muralidharan Rajamani as Non-Executive Non-Independent Director effective March 02, 2026. The announcement was made through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Tenure Completion

Mr. Muralidharan Rajamani (DIN: 01690363) completed his first term of five consecutive years as Non-Executive Non-Independent Director on March 01, 2026. Following the completion of his tenure, he ceased to hold the position from March 02, 2026. The bank has placed on record its sincere appreciation for the contributions made by Mr. Rajamani during his tenure on the Board.

Regulatory Compliance Details

The cessation details have been disclosed in accordance with regulatory requirements:

Personal Decision Not to Seek Reappointment

In his cessation letter dated March 01, 2026, Mr. Rajamani indicated that he chose not to offer himself for reappointment due to personal commitments. He expressed gratitude for the opportunity to be associated with the bank, describing the journey as enriching both professionally and personally. The director thanked the Board members, MD and CEO, and the bank's executives for the collaborative experience during his tenure.

Corporate Governance Framework

The announcement demonstrates the bank's adherence to corporate governance practices and regulatory compliance requirements. The disclosure has been made available on the bank's website at www.utkarsh.bank.in , ensuring transparency for stakeholders. The bank filed comprehensive documentation including the regulatory disclosure format and the director's cessation letter as required annexures.

Bank's Acknowledgment

Utkarsh Small Finance Bank has formally acknowledged Mr. Rajamani's service and contributions to the organization. The bank's management expressed appreciation for his involvement in Board activities and strategic guidance provided during his five-year tenure. This transition represents a natural conclusion to the director's term as per corporate governance norms for financial institutions.

Utkarsh Small Finance Bank has formally notified stock exchanges about the resignation of its Chief Human Resource Officer, Mr. Hitain Sharma, effective February 27, 2026, after the close of business hours. The bank submitted the regulatory disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Sharma submitted his resignation letter on December 1, 2025, citing personal reasons and his desire to pursue other career opportunities. The resignation concludes his tenure of over 6 years with the bank, during which he served as the Chief Human Resources Officer.

Regulatory Compliance

The bank has fulfilled its disclosure obligations by notifying both BSE Limited (Scrip Codes: 543942, 958095, 959644, 968226, 975790) and the National Stock Exchange of India Limited (Symbol: UTKARSHBNK). The formal communication was signed by Company Secretary & Compliance Officer Muthiah Ganapathy and includes detailed annexures as per SEBI requirements.

Professional Acknowledgment

In his resignation letter addressed to the MD & CEO, Sharma expressed sincere gratitude for the support and guidance provided during his tenure. He described his role as Chief Human Resources Officer as "one of the most enriching career stints" in his professional journey, highlighting the positive experience gained while serving the organization.

Corporate Communication

The complete disclosure documentation, including annexures and the resignation letter, has been made available on the bank's official website at www.utkarsh.bank.in . The bank's registered and corporate office is located at Utkarsh Tower, NH-31 (Airport Road) Sehmalpur, Kazi Sarai, Harhua, Varanasi, Uttar Pradesh.