Key Event and Effective Date

Mr. Sivaraman K has been appointed as Head-Operations of Equitas Small Finance Bank Limited and designated as a Senior Management Personnel of the Bank. The appointment is effective from September 07, 2026.

Transition Details

Mr. Sivaraman K will take charge from Mr. Siby Sebastian, the erstwhile Head-Operations. As part of an internal role transition, Mr. Siby Sebastian will continue to be a part of the Senior Management Personnel and will now Head Strategic Transformation.

Appointee Details

Name: Mr. Sivaraman K

Designation: Head-Operations, Senior Management Personnel

Reason for Change: Appointment

Date of Appointment: September 07, 2026

Background of Appointee

Mr. Sivaraman K is described as a seasoned banker with over 25 years of experience. He possesses significant leadership expertise across end-to-end banking operations, process transformation, regulatory compliance, governance, and operational excellence. Prior to joining Equitas SFB, he served as Senior General Manager & Head – Banking Operations Group at South Indian Bank. In that role, he led a large nationwide operations function covering branch operations, liabilities and assets operations, payments and settlements, trade finance, reconciliation, currency chest and ATM management, along with a broad range of retail and para-banking support services.

Company and Contact Details

The letter was digitally signed by Mr. Natarajan Ramanathan, Company Secretary, on September 07, 2026.