Appointment of Shri Vishal Sethia as Company Secretary and Board Secretary wef 12.05.2025
Awaiting price reaction for this filing.
Bank of Maharashtra's Board, at its meeting on 12 May 2025, approved the appointment of Shri Vishal Sethia as Company Secretary and Board Secretary (designated as KMP). He is a qualified CS, CA, and CAIIB with over 12 years of banking experience, previously working with Indian Bank. Ms. Nehal Rawat, the existing Company Secretary & Compliance Officer, has been re-designated as Deputy Company Secretary. The Board also approved the appointment of Shri Kaushal Vijaykumar Sampat (45, 23+ years of banking experience across IndusInd, Standard Chartered, ICICI, HDFC, ING Vysya) as General Manager of the International Banking Unit (IBU) at GIFT IFSC, Gujarat, effective from his joining on 5 May 2025. Additionally, the Bank plans to fill one vacant Shareholder Director position through election at the upcoming AGM.
These are routine governance and leadership updates — a new KMP-Company Secretary and a senior banker heading the IFSC unit — which strengthen compliance and international banking operations, with no material financial impact expected for shareholders.