We submit herewith the Notice of Postal Ballot of the Bank dated May 12, 2026 ('Notice'), together with the Explanatory Statement. Please refer attachment for details.
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 from April 24, 2026. Mr. Tripathi, currently the Chief Credit Officer, has been with the Bank since 2014 and brings over two decades of experience. He is an IIM Lucknow alumnus and previously held senior roles at ICICI Bank, Reliance Capital, and Aditya Birla Group. His fixed remuneration is set at ₹2.39 crore per annum with additional variable pay based on performance. The appointment was approved by the RBI on April 23, 2026, and he assumed charge on April 24, 2026. As Executive Director, he will oversee Credit, Policy, Collections, and Legal Recovery functions. The e-voting period runs from May 16 to June 14, 2026.
This appointment strengthens the Bank's leadership with an internal candidate who has deep understanding of its credit and risk functions. For shareholders, this represents continuity in risk management and succession planning, which is a positive governance development.