ESAF Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
ESAFSFB · price
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ESAF Small Finance Bank's Board has recommended the re-appointment of Prof. Biju Varkkey as Non-Executive Independent Director for a fresh term of 3 years (August 17, 2026 to August 16, 2029). This re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Prof. Biju Varkkey is a faculty member in Human Resources at IIM Ahmedabad for over 23 years and currently serves as an Independent Director on the Board of V Guard Industries Limited. He is not related to any other Directors or Key Managerial Personnel of the Bank and is not debarred from holding the position.
This is a routine corporate governance matter confirming continuity of an experienced independent director on the board. No material impact on shareholders expected as this is a standard re-appointment requiring only shareholder ratification.