ESAF Small Finance Bank's Board approved reclassifying three Key Managerial Personnel to Senior Management Personnel effective May 1, 2026.
The Board also approved a new classification framework designating all Executive Vice Presidents and Heads of Control Functions as Senior Management.
The changes were made pursuant to SEBI Listing Regulations and a specific SEBI circular dated January 30, 2026.
Five officials total were affected, including the Chief Risk Officer, Chief Compliance Officer, and Head of Internal Audit.