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 has informed the exchanges that its Non-Executive Independent Director, Shri. Thomas Jacob Kalappila (DIN: 00812892), will retire from the Board with effect from March 9, 2026. The Board of Directors took note of this retirement at its meeting held on February 27, 2026. The bank has made the intimation available on its website. No reasons for retirement beyond the standard one were disclosed.
This is a routine retirement of an independent director and is not expected to materially impact the bank's operations or stock price. Shareholders may want to watch for the appointment of a replacement independent director in due course to ensure board composition remains compliant.