Appointment of Chief Risk Officer and Change in Senior Management Personnel

Date: October 26, 2026 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Listing department, Bandra-Kurla Complex, First floor, PJ Towers, Bandra (E), Mumbai 400 051 Dalal Street, Fort Mumbai 400 001 Symbol: FIVESTAR Scrip code: 543663,974905,975246,975598 Sub: Appointment of Chief Risk Officer and Change in Senior Management Personnel Pursuant to the recommendations of the Nomination & remuneration Committee, the Board of Directors at their meeting held today i.e October 26, 2026 approved appointment of Mr. Shankar Subramanian as Chief Risk Officer, categorised as Senior Management Personnel effective from October 26, 2026 in place of Mr. Jayaraman S who has stepped down from the position of Chief Risk Officer due to internal movement within the Company. Mr. Jayaraman S ceases to be Chief Risk Officer and Senior Management Personnel effective October 26, 2026. Disclosure required under Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations read with SEBI Master Circular no. HO/49/14/14(7) 2025 – CFD – POD2/I/3762/2026 dated January 30, 2026, relating to the appointment of Chief Risk Officer and change in Senior Management Personnel is enclosed in Annexure I. Requesting you to take the above information on record For Five-Star Business Finance Limited Vigneshkumar SM Company Secretary & Compliance Officer Annexure I Particulars Mr. Shankar Subramanian Mr. Jayaraman S Reason for change Appointment of Mr. Shankar Steps down as Chief Risk Subramanian as Chief Risk Officer of Officer due to Internal the Company for a period of 3 (three) movement within the years effective from October 26, 2026. Company. Date of appointment/re- 3 years effective from October 26, 2026 Cease to be Chief Risk appointment/cessation (as applicable) Officer effective October 26, & term of appointment/re- 2026 appointment Brief profile (in case of appointment) Mr. Shankar Subramanian is an MA Not Applicable (Economics) graduate and bachelor’s in commerce with an experience of over 3 decades across financial services, analytics, governance, venture ecosystems and growth-oriented businesses. He has leadership experience in governance, risk management, analytics and business transformation. Prior to joining Five- Star, he was associated with several Companies in financial services space as Head of Risk.