AU Small Finance Bank Limited has informed the Exchange regarding Notice of Postal Ballot
AUBANK · price
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AU Small Finance Bank is seeking shareholder approval via postal ballot for the appointment of Mr. Vivek Tripathi as Director and Whole Time Director (designated as Executive Director) for 3 years starting April 24, 2026. Mr. Tripathi, currently the Chief Credit Officer, has been with the bank for 12 years since joining in 2014. He is an IIM Lucknow alumnus and will oversee key risk and control functions including Credit, Policy, Collections, and Legal Recovery. His fixed annual remuneration is approximately Rs. 2.39 crore plus variable pay. The appointment has already been approved by RBI on April 23, 2026, and he assumed charge on April 24, 2026. The e-voting period runs from May 16 to June 14, 2026, with results to be declared by June 16, 2026.
This is a routine internal promotion bringing a senior risk leader onto the board. The appointment strengthens institutional governance with an internal candidate familiar with the bank's operations. No direct impact on stock price expected as the appointment was already effective.