ESAF Small Finance Bank Limited has informed the Exchange regarding Outcome and Proceedings of Annual General Meeting held on September 24, 2025. Further, the company has submitted the Exchange a copy of Scrutinizers report along with voting results.
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ESAF Small Finance Bank held its 9th AGM on September 24, 2025, via video conferencing from 3:00 PM to 4:00 PM, with 112 members in attendance out of 1,16,825 total shareholders. All six resolutions were passed with overwhelming shareholder approval (over 99.85% in favor in each case), including adoption of FY25 audited financial statements, re-appointment of Dr. Joseph Vadakkekara Antony as director, appointment of M/s. Sundaram & Srinivasan as joint statutory auditors for 3 years, appointment of Shri. George Ittan Maramkandathil as Non-Executive Director, appointment of M/s. SEP and Associates as secretarial auditors for 5 years, and approval to raise funds through private placement of debt securities. The Statutory and Secretarial Auditors both gave unqualified opinions on FY25 financial statements. Per RBI norms, promoter voting rights were capped at 26%, meaning 19.23 crore of 32.63 crore promoter votes were excluded from the count.
Routine AGM outcome with all resolutions comfortably passed by shareholders, reflecting strong investor confidence. The approval to raise debt via private placement gives the bank flexibility to grow its funding base, while the clean audit opinion and new board appointments reinforce governance stability. No material negative signals for shareholders.