Jana Small Finance Bank Limited has informed the Exchange regarding Notice of Postal Ballot
JSFB · price
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Jana Small Finance Bank has issued a postal ballot notice to seek shareholder approval for appointing three new Non-Executive Independent Directors: Mr. Ajay Rotti Jayathirtha (tax expert, ex-KPMG, 22+ years experience), Mr. Pankaj Razdan (veteran financial services leader with 30+ years across wealth, lending, and capital markets), and Mrs. Malini B Mallikarjun (lawyer with 30+ years in tax advisory, ESG, and philanthropy). All three have been on the board as Additional Directors since February-March 2026 and are now being formalised via special resolutions for 5-year terms. Each director will receive annual remuneration of Rs. 10 lakh plus sitting fees of Rs. 60,000 (Board) and Rs. 40,000 (Committee meetings). Remote e-voting begins on March 27, 2026 and ends on April 25, 2026, with results expected by April 27, 2026. The cut-off date for eligibility is March 20, 2026.
This is a routine corporate governance move to strengthen the board with diverse expertise in tax, financial services strategy, and legal/ESG matters. No material financial impact for shareholders; share price is unlikely to be affected unless the appointments raise governance concerns. Shareholders with email IDs registered will receive the ballot and should vote before April 25, 2026.