ESAF Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
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ESAF Small Finance Bank's board, at its July 24, 2025 meeting, approved the appointment of Shri. George Ittan Maramkandathil (DIN: 11193648) as a Non-Executive Director for a 3-year term starting November 18, 2025, subject to shareholder approval at the upcoming AGM. Maramkandathil is the CEO and Founder of the AST Group of Companies and has over 43 years of industry experience. Separately, the board noted the completion of the employment contract of Shri. Hemant Kumar Tamta, Executive Vice President – Assets, effective July 31, 2025, and stated that suitable internal arrangements have been made for the role.
The new director appointment brings external expertise to the board, which may support governance and strategic oversight, while the transition of the EVP-Assets role is being managed internally and is unlikely to materially affect day-to-day operations or shareholders in the short term.