The bank’s board has approved a proposal to seek shareholder approval at its 10th Annual General Meeting (AGM) to raise capital through issuance of rated, listed, unsecured, subordinated, redeemable non-convertible debentures, bonds or other debt securities on a private placement basis for up to ₹500 crore, subject to approvals.
The board has also cleared plans to raise up to ₹1,250 crore through Qualified Institutions Placement (QIP) and/or other permissible modes, including equity shares or convertible securities such as warrants, in one or more tranches, subject to regulatory and shareholder approvals.
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On leadership changes, the bank approved the reappointment of Vasudevan P N as Managing Director and Chief Executive Officer for a three-year term from July 23, 2026, to July 22, 2029, subject to shareholder approval. The reappointment follows approval from the Reserve Bank of India dated April 23, 2026.
The board also approved the reappointment of Geeta Dutta Goel as an Independent Director for a second three-year term from December 27, 2026, to December 26, 2029, subject to shareholder approval.
In senior management changes, Chief Financial Officer N Sridharan will retire upon superannuation effective June 30, 2026. The board has approved the appointment of Mukund Shyamrao Barsagade as the new Chief Financial Officer and Key Managerial Personnel, effective July 01, 2026.
Fourth Quarter Results
Net profit surged to ₹213 crore in Q4, compared with ₹42 crore in the year-ago period, reflecting a significant improvement in earnings. Net interest income rose 18.2% year-on-year to ₹980 crore from ₹829 crore, supported by stable lending growth and better spreads.
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The gross non-performing asset (NPA) ratio eased to 2.60% from 2.75% in the previous quarter, while net NPA declined to 0.72% from 0.92%. In absolute terms, gross NPAs stood at ₹1,135 crore, slightly higher quarter-on-quarter, while net NPAs fell to ₹306 crore from ₹354 crore.
The bank’s performance builds on momentum seen in the December quarter, when it had reported a 35.8% year-on-year rise in profit to ₹90 crore, alongside improving asset quality and lower credit costs driven by reduced slippages.
Shares of Equitas Small Finance Bank Ltd ended at ₹77.12, up by ₹0.070, or 0.091%, on the BSE.
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