Jana Small Finance Bank Limited has informed the Exchange regarding Notice of undefined to be held on August 29, 2025
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Jana Small Finance Bank has called its 19th AGM on Friday, August 29, 2025 at 11:00 AM via video conferencing. The agenda includes adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Ajay Kanwal (MD & CEO) with a proposed total remuneration of Rs 12.19 crore (fixed Rs 5.80 cr + variable Rs 6.39 cr) and Mr. K S Raman (Executive Director) at Rs 4.20 crore (fixed Rs 2.00 cr + variable Rs 2.20 cr). Other key items are appointment of M/s. Nagendra D. Rao & Associates as secretarial auditor for five years, approval to raise up to Rs 300 crore through private placement of debt securities (bonds, AT-1, Tier II), and adoption of a new ESOP 2025 scheme covering up to 13,66,730 equity shares. The cut-off date for voting is August 21, 2025, and remote e-voting runs from August 26 to August 28, 2025.
Routine AGM notice, but shareholders should note the Rs 300 crore private placement borrowing plan, which will expand the bank's debt funding capacity, and the new ESOP 2025 scheme that could result in equity dilution. The disclosed executive pay packages also give clarity on senior management compensation for FY26.