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 has appointed Shri. George Ittan Maramkandathil as a Non-Executive Director for a three-year term from November 18, 2025 to November 17, 2028. The appointment was approved by shareholders at the bank's 9th Annual General Meeting held on September 24, 2025. Mr. Maramkandathil is the CEO and Founder of AST Group of Companies and brings 43 years of leadership experience. He currently holds 2.58% shares in the bank and is not related to any existing directors on the board.
This is a routine board expansion bringing in an experienced external business leader. No immediate material impact expected on the stock; it strengthens the board's expertise profile.