JSFB · price
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Jana Small Finance Bank has announced the results of a Postal Ballot conducted to seek shareholders' approval for the appointment of Mr. Rakesh Joshi (DIN: 09766853) as a Non-Executive Independent Director of the Bank. The e-voting was held between 24th October 2025 and 23rd November 2025 among 53,304 eligible shareholders. The Special Resolution was passed overwhelmingly with 99.89% of votes in favour (5,65,31,522 votes from 255 members) and only 0.11% against (65,048 votes from 16 members). There were no invalid votes, and the Scrutinizer, Nagendra D. Rao (Practicing Company Secretary), has confirmed the resolution was approved with the requisite majority.
The appointment of Mr. Rakesh Joshi as a Non-Executive Independent Director is now formally confirmed with near-unanimous shareholder support, strengthening the Bank's board composition. This is a routine corporate governance matter with no material impact on the stock price, though it adds an additional independent director to the board.