Equitas Small Finance Bank Limited has informed the Exchange regarding 'Notice of 9th AGM of Equitas Small Finance Bank Limited'.
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Equitas Small Finance Bank has notified that its 9th AGM will be held on Wednesday, September 10, 2025 at 11:00 AM via video conferencing. Shareholders as on the cut-off date of September 3, 2025 can vote, with remote e-voting open from September 7 to September 9, 2025. Key resolutions include: (1) adoption of FY25 audited financial statements; (2) re-appointment of Mr. Vasudevan P N as Director (retiring by rotation); (3) approval of MD & CEO remuneration for FY26 with Fixed Pay of Rs. 2.64 crore plus Variable Pay of Rs. 3.56 crore (up from Rs. 2.49 crore and Rs. 2.35 crore in FY25), with 2/3rd of variable pay to be paid via ESOPs; (4) appointment of M/s. Shanmugam Rajendran & Associates LLP as Secretarial Auditor for 5 years (FY26–FY30) at Rs. 5.35 lakh per year; (5) re-appointment of Mr. Ramesh Rangan as Independent Director for a second term of 3 years (Nov 2025 to Nov 2028); and (6) approval to raise up to Rs. 1,000 crore through unsecured non-convertible debentures on a private placement basis to augment Tier-II capital and for general corporate purposes. The annual report has been sent electronically to all eligible members and is available on the bank's investor relations website.
This is a routine AGM notice but contains a few items worth tracking: a meaningful increase in MD & CEO variable pay (~51% YoY), subject to RBI approval, and a fresh Rs. 1,000 crore borrowing authorization that could expand Tier-II capital. Shareholders should review the remuneration and debt-raise resolutions carefully, as both require Special/Ordinary Resolution approval via remote e-voting before September 9, 2025.