ESAF Small Finance Bank postal ballot results approve capital changes, director appointments

ESAF Small Finance Bank announced the results of its postal ballot conducted via remote e-voting, with all four resolutions passing with the requisite majority on December 12, 2025. The first resolution, an ordinary resolution, approved an increase in authorized share capital and a consequent alteration to the capital clause of the memorandum of association, receiving 99.96% of votes in favor.

The special resolutions included the appointments of Karthikeyan Manickam and Ajay Sharma as non-executive independent directors, both approved with 99.99% of votes in favor, respectively. Additionally, the re-appointment of Kolasseril Chandramohanan Ranjani as a non-executive independent director also passed with 99.99% of votes in favor.

The postal ballot process, which commenced on November 13, 2025, and concluded on December 12, 2025, involved 164,884,786 total valid e-votes cast. These results will be displayed on the bank's website, the CDSL e-voting website, and forwarded to the stock exchanges.