Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Jayaraman S
Designation: Chief Risk Officer & Senior Management Personnel
Reason for Resignation: Steps down due to internal movement within the Company
Effective Date of Resignation: October 26, 2026
Date of Resignation Letter: Not Specified
Duration in Role: Not Specified
Board's Acknowledgment / Statement: The change was approved by the Board of Directors pursuant to the recommendations of the Nomination & Remuneration Committee
Replacement Appointed: Mr. Shankar Subramanian appointed as Chief Risk Officer for a period of 3 (three) years effective from October 26, 2026
Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations read with SEBI Master Circular no. HO/49/14/14(7) 2025 – CFD – POD2/I/3762/2026 dated January 30, 2026
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Successor Appointments:
- Mr. Shankar Subramanian appointed as Chief Risk Officer
- Educational qualifications: MA (Economics) graduate and bachelor's in commerce
- Professional experience: Over 3 decades across financial services, analytics, governance, venture ecosystems and growth-oriented businesses
- Leadership experience in governance, risk management, analytics and business transformation
- Prior to joining Five Star, was associated with several Companies in financial services space as Head of Risk
Section C – Financial & Governance Disclosures
Not Specified