Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Mr. Amit Kumar as Head – Branch Banking, a Senior Management Personnel.
  • Name and details: Mr. Amit Kumar. No DIN (Director Identification Number) is disclosed as this is a senior management appointment, not a directorship.
  • Effective date: The appointment is effective from September 04, 2026.
  • Brief profile and qualifications: Mr. Amit Kumar holds a Bachelor's Degree from the School of Management Studies and an MBA in Marketing & Strategy Management from Birla Institute of Management Technology, New Delhi. He has also completed an Executive Management Program in Banking & Finance from IIM. He has over 23 years of experience in the banking sector, having been associated with Jana SFB, Bandhan Bank, IndusInd Bank, ICICI Bank, and LIC of India.
  • Relevant experience: Mr. Kumar has successfully headed Branch Banking at Regional and Zonal levels across East, West, and Central regions in Jana SFB and Bandhan Bank. He has managed a network of more than 130 branches and over 1200 employees. His experience is focused on digital transformation to lower acquisition costs and improve channel efficiencies, driving business growth, regional expansion, surpassing revenue and client acquisition goals, branch-level operations, and risk control.
  • Confirmation of eligibility: The disclosure confirms the appointment is based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, implying compliance with governance norms. A specific declaration of non-disqualification is not mentioned.
  • Relationship with other directors/promoters: The disclosure states "Not Applicable" for this item, indicating no disclosed relationships.
  • Previous KMP: The document does not mention who held the position of Head – Branch Banking prior to this appointment or the nature of their exit. Therefore, it cannot be determined if this is a planned succession or an interim appointment.
  • Governance implications: As the Head – Branch Banking is a Senior Management Personnel role (not a CFO/CEO/Whole-Time Director/Independent Director), the disclosure does not elaborate on specific governance or financial oversight implications beyond the standard appointment process.

Key Financial or Operational Approvals

This section is not applicable to this disclosure. The document solely concerns a management appointment and does not include any financial results, fundraising approvals, or other operational decisions.

Strategic or Business Context

This section is not applicable. The disclosure is a factual announcement of a personnel change and does not contain any commentary on business outlook, strategy, risks, or expansion plans.

Any Other Material Information

  • Regulatory compliance: The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (updated on January 30, 2026). The required annexure (Annexure A) is provided with the filing.
  • Company details: Scrip Code: 543386. Symbol: FINOPB.
  • Company contact: The disclosure is signed by Mr. Basavraj Loni, Company Secretary & Compliance Officer.