Change in Director / Key Managerial Personnel

Nature of change: Appointment of Mr. Mukund Barsagade as President-Finance and designation as Senior Management Personnel.

Name and details: Mr. Mukund Barsagade (DIN not provided in disclosure).

Effective date and tenure: Appointment is effective from the date of taking charge, i.e., May 25, 2026. The appointment is regular (not interim).

Brief profile and qualifications: Mr. Mukund Barsagade is a seasoned finance and strategy professional with over three decades of experience. His academic credentials include:

  • Chartered Accountant qualification (1994)
  • B. Com from Nagpur University (1990)
  • Diploma in IFRS from ACCA, UK

His expertise spans financial management & controllership, regulatory compliance, fundraising, investor relations, and strategic transformation.

Professional experience: He has held senior leadership roles including Chief Financial Officer across leading organizations:

  • Utkarsh Small Finance Bank
  • FINO Payments Bank
  • Paytm Payments Bank
  • Group CFO at Lendingkart

Confirmation of eligibility: The disclosure states the appointment was made "pursuant to the approval for appointment accorded by the appropriate authority in the Bank" and in compliance with SEBI LODR Regulations, indicating regulatory compliance.

Relationship with other directors: Not Applicable (as specified in the disclosure).

Previous KMP: The disclosure does not mention who held the position previously or what happened to their tenure.

Key Financial or Operational Approvals

No financial results, fundraising, acquisitions, capital expenditures, or other financial approvals were disclosed in this filing. The document solely concerns the management appointment.

Strategic or Business Context

No specific business outlook, risks, trends, or strategic initiatives were disclosed in relation to this appointment. The focus is exclusively on the management change.

Any Other Material Information

Regulatory compliance: The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and specifically references SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January, 2026.

Company representatives: The filing was submitted by Natarajan Ramanathan, Company Secretary of Equitas Small Finance Bank Limited.

Stock exchange symbols: EQUITASBNK (NSE) and scrip codes 543243, 976218 & 976979 (BSE).