ESAF Small Finance Bank Limited has informed the Exchange regarding Notice Of The Ninth (09Th) Annual General Meeting (''AGM'') Of The Shareholders Of ESAF Small Finance Bank Limited (The ''Bank'')
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ESAF Small Finance Bank has notified the 9th Annual General Meeting of shareholders to be held on Wednesday, September 24, 2025 at 3:00 PM via video conferencing. Six items are on the agenda: adoption of audited financial statements for FY25, re-appointment of Dr. Joseph Vadakkekara Antony as Non-Executive Director (retiring by rotation), and appointment of M/s. Sundaram & Srinivasan as Joint Statutory Auditors for 3 years with an audit fee capped at ₹86 lakh per year. Special business includes appointing Shri. George Ittan Maramkandathil as Non-Executive Director for 3 years from November 18, 2025, and appointing M/s. SEP and Associates as Secretarial Auditors for 5 years (FY26–FY30). The bank is also seeking shareholder approval to raise up to ₹1,000 crore via private placement of debt securities, including Basel III Tier-II bonds, perpetual debt, MTNs, and green/sustainable bonds, valid until the 10th AGM. Remote e-voting runs from September 21 to September 23, 2025, with the cut-off date set as September 17, 2025.
The ₹1,000 crore debt-raising proposal is the most material item — approval will let the bank tap capital markets for growth and Basel III compliance without immediate equity dilution. The director and auditor appointments are routine governance matters and unlikely to materially move the stock.