Ref No: 02/SE/CS/JUN/2026-27

Key Event: Change in Director

The Board of Directors of ESAF Small Finance Bank Limited, in its meeting held on Thursday, June 04, 2026, approved the following appointments:

1. Appointment of Shri. Ashok Tukaram Dhamankar

  • Role Appointed: Non-Executive Independent Director
  • DIN: 03066552
  • Term: Three (3) consecutive years
  • Effective Date: From the date of shareholders' approval
  • Approval Required: Subject to approval by the shareholders of the bank in the ensuing Annual General Meeting or through Postal Ballot.
  • Profile: Shri. Ashok Tukaram Dhamankar is a seasoned finance and fintech professional with extensive experience across investment banking, sustainable finance, and agri-value chains. He is the Founder and CEO of FinBridge Access to Capital Aggregators Private Limited. He has held senior leadership roles, including CFO – Financial Services at UPL and Group CFO at Samunnati Financial Intermediation & Services. He has also served on the boards of companies such as Weather Risk Management Services and Nurture Financial Solutions.
  • Relationship Disclosure: He is not related to any other Directors or Key Managerial Personnel of the Bank.
  • Debarment Status: He is not debarred from holding the office of a director by virtue of any SEBI order or any other such authority.

2. Appointment of Shri. Hari Velloor

  • Role Appointed: Non-Executive Director
  • DIN: 11650530
  • Term: Three (3) consecutive years
  • Effective Date: From the date of shareholders' approval
  • Approval Required: Subject to approval by the shareholders of the bank in the ensuing Annual General Meeting or through Postal Ballot.
  • Profile: Shri. Hari Velloor is a seasoned banking professional with over three decades of experience across public sector, private sector, and small finance banks. At ESAF Small Finance Bank, he served as Executive Vice President (2022–2026) and Senior Vice President (2019–2022), overseeing key functions including credit policy, branch banking, microfinance, liabilities, operations, and HR. He began his career with Canara Bank.
  • Relationship Disclosure: He is not related to any other Directors or Key Managerial Personnel of the Bank.
  • Debarment Status: He is not debarred from holding the office of a director by virtue of any SEBI order or any other such authority.

Additional Information

The intimation has also been made available on the bank's website at https://www.esafbank.com/investor-relation/?id=disclosure-to-stock-exchanges.

The letter was signed by Ranjith Raj P, Company Secretary and Compliance Officer, for ESAF Small Finance Bank Limited.