Board approves Rachna Dikshit as Part Time Chairperson and Joseph Conrad Agnelo D'souza as Additional Independent Director

Mrs. Rachna Dikshit, existing Non-Executive Independent Director, as Part Time Chairperson w.e.f. January 30, 2027 for 3 years — subject to shareholder and RBI approval.

Mon 28 Sep 2026

Chairperson Appointment

Mrs. Rachna Dikshit as Part Time Chairperson w.e.f. January 30, 2027 for 3 years

Additional Director Appointment

Mr. Joseph Conrad Agnelo D'souza as Additional Director (Non-Executive Independent) w.e.f. September 28, 2026 for 5 years

Approvals Required

Chairperson appointment subject to shareholder and RBI approval; Additional Director subject to shareholder approval within 3 months

Shareholding

Both appointees hold Nil shares in the Bank

What was approved

The Board of Capital Small Finance Bank met on September 28, 2026 and, on the Nomination and Remuneration Committee's recommendation, approved two appointments.

• Mrs. Rachna Dikshit (Non-Executive Independent Director) as Part Time Chairperson with effect from January 30, 2027 for a period of 3 years, subject to approval of shareholders and the Reserve Bank of India.
• Mr. Joseph Conrad Agnelo D'souza as an Additional Director (Category: Non-Executive Independent Director) with effect from September 28, 2026 for a period of 5 years, subject to shareholder approval to be obtained within three months.

Backgrounds

Mrs. Dikshit has been an Independent Director of the Bank since June 26, 2023. She holds a bachelor's degree in arts from Lucknow University and a master's in arts from the University of Allahabad, and is a certified associate of the Indian Institute of Bankers. She was previously Chief General Manager at the Reserve Bank of India, and served as Regional Director for Punjab, Haryana and UT Chandigarh, and as General Manager in the Financial Inclusion & Development Department and the Department of Banking Regulation. Her other directorships include India Shelter Finance Corporation, India SME Asset Reconstruction Company, Propshare Investment Manager, Arthimpact Digital Loans, Miracle Foundation India and Physicswallah Limited.

Mr. D'souza holds a Master's in Commerce, a Master's in Business Administration and a Diploma in Financial Management, and is a Senior Executive Programme graduate of the London Business School. He has over four decades of experience in banking and financial services, including a 39+ year tenure at HDFC Limited where he was Member of Executive Management and Chief Investor Relations Officer, and earlier its Treasurer, covering strategy, treasury, corporate planning, investor relations and corporate finance. He has worked on assignments for multilateral agencies across Asia, Africa and Eastern Europe and helped set up mortgage companies in Bangladesh, Sri Lanka, Egypt, Maldives and Tanzania. His directorships include Motilal Oswal Financial Services, Chalet Hotels, Bharat Bijlee, Prism Johnson, Asianet Satellite Communications, Camlin Fine Sciences, Niwas Housing Finance, Raheja QBE General Insurance and Avendus Finance.

Other disclosures

• Shareholding of each appointee in the Bank: Nil.
• There is no inter-se relationship between either appointee and any other Director of the Bank.
• Neither is debarred from holding the office of director by any SEBI or other order.
• The Board meeting ran from 03:00 p.m. to 05:45 p.m.

How to read it

This is a board-composition change rather than a business or financial event. Both roles are non-executive and independent, and both appointments still need shareholder approval, with the Chairperson role additionally requiring RBI approval.

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