Capital Small Finance Bank Ltd. Shareholders Approve Remuneration and Re-appointment
Capital Small Finance Bank Ltd. announced today, March 26, 2026, that shareholders have approved resolutions related to director remuneration and re-appointment following a postal ballot.Shareholders approved the revision in the remuneration of Munish Jain, Whole Time Director designated as Executive Director, with effect from April 01, 2025. They also approved the re-appointment of Munish Jain as Whole - Time Director designated as Executive Director, effective August 28, 2026. Additionally, shareholders approved the payment of remuneration to Shahbaz Singh Samra, a Related Party holding an office or place of profit.
The voting results, based on a scrutinizer’s report dated March 26, 2026, showed overwhelming support for each resolution.
Resolution 1: Revision of Munish Jain’s Remuneration
| Category | Mode of Voting | No. of Shares Held | No. of Votes Polled | % of Votes Polled on Outstanding Shares | No. of Votes - In Favour | No. of Votes - Against | % of Votes In Favour on Votes Polled | % of Votes Against on Votes Polled |
|---|---|---|---|---|---|---|---|---|
| Promoter and Promoter Group | E-Voting | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Poll | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Postal Ballot | 8156282 | 8156282 | 100.0000 | 8156282 | 0 | 100.0000 | 0.0000 |
| Public- Institutions | E-Voting | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Poll | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Postal Ballot | 12988088 | 4918670 | 37.8706 | 4918670 | 0 | 100.0000 | 0.0000 |
| Public- Non Institutions | E-Voting | 24274401 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Non Institutions | Postal Ballot | 7994015 | 32.9319 | 7987915 | 6100 | 99.9237 | 0.0763 | |
| Total Total | Total | 45418771 | 21068967 | 46.3882 | 21062867 | 6100 | 99.9710 | 0.0290 |
Resolution 2: Re-appointment of Munish Jain
| Category | Mode of Voting | No. of Shares Held | No. of Votes Polled | % of Votes Polled on Outstanding Shares | No. of Votes - In Favour | No. of Votes - Against | % of Votes In Favour on Votes Polled | % of Votes Against on Votes Polled |
|---|---|---|---|---|---|---|---|---|
| Promoter and Promoter Group | E-Voting | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Poll | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Postal Ballot | 8156282 | 8156282 | 100.0000 | 8156282 | 0 | 100.0000 | 0.0000 |
| Public- Institutions | E-Voting | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Poll | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Postal Ballot | 12988088 | 4918670 | 37.8706 | 4918670 | 0 | 100.0000 | 0.0000 |
| Public- Non Institutions | E-Voting | 24274401 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Non Institutions | Postal Ballot | 7994015 | 32.9319 | 7987947 | 6068 | 99.9241 | 0.0759 | |
| Total Total | Total | 45418771 | 21068967 | 46.3882 | 21062899 | 6068 | 99.9712 | 0.0288 |
Resolution 3: Payment of Remuneration to Shahbaz Singh Samra
| Category | Mode of Voting | No. of Shares Held | No. of Votes Polled | % of Votes Polled on Outstanding Shares | No. of Votes - In Favour | No. of Votes - Against | % of Votes In Favour on Votes Polled | % of Votes Against on Votes Polled |
|---|---|---|---|---|---|---|---|---|
| Promoter and Promoter Group | E-Voting | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Poll | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Promoter and Promoter Group | Postal Ballot | 8156282 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | E-Voting | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Poll | 12988088 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Institutions | Postal Ballot | 12988088 | 4918670 | 37.8706 | 4870930 | 47740 | 99.0294 | 0.9706 |
| Public- Non Institutions | E-Voting | 24274401 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public- Non Institutions | Postal Ballot | 8179314 | 33.6952 | 8173182 | 6132 | 99.9250 | 0.0750 | |
| Total Total | Total | 45418771 | 13097984 | 28.8383 | 13044112 | 53872 | 99.5887 | 0.4113 |
B. Sehgal and Associates served as the Scrutinizers for the postal ballot. The results were generated from the electronic voting system of MUFG Intime India Private Limited.
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