Date: October 16, 2026

Board Meeting Outcomes

The Board of Directors of Ujjivan Small Finance Bank Limited at its meeting held on October 16, 2026 approved:

  • Execution of subscription agreement with International Finance Corporation (IFC) for preferential issue of equity shares
  • Execution of policy agreement with IFC regarding compliance requirements

Fundraising / Financing

Subscription Agreement Details:

  • The Bank has executed a subscription agreement with International Finance Corporation (IFC)
  • IFC is an existing shareholder holding 6,21,32,650 equity shares (3.18% stake) as of October 15, 2026
  • Preferential issue of up to 3,84,73,561 equity shares of face value ₹10 each
  • Issue price: ₹64.73 per share (including premium of ₹54.73 per share)
  • Total consideration: Approximately ₹249.04 Crores
  • The transaction is subject to customary conditions precedent including:
  • Shareholders' approval
  • In-principle approval from BSE Limited and National Stock Exchange of India Limited
  • The agreement includes customary indemnification obligations of the Bank
  • The transaction does not impact management or control of the listed entity
  • Not a related party transaction (the Bank does not have any promoters)
  • No board nomination rights or potential conflicts of interest arising from the agreement

Policy Agreement Details:

  • The Bank has executed a policy agreement with IFC
  • The agreement remains in effect while IFC remains a shareholder in the Bank
  • The Bank has agreed to comply with IFC's policy and compliance requirements including:
  • Sanctionable practices
  • Environmental and social covenants
  • Insurance requirements
  • Anti-corruption policies
  • Anti-harassment policies
  • Child protection policies
  • Compliance with UN Security Council Resolutions
  • The Bank must provide regular reporting to IFC as per the agreement
  • Any unpublished price sensitive information required to be shared with IFC will be simultaneously or priorly disclosed to stock exchanges
  • The agreement includes customary indemnification obligations of the Bank
  • The agreement does not impact management or control of the listed entity
  • Not a related party transaction