Bandhan Bank Limited has informed the Exchange regarding Resignation of Dr. A. S. Ramasastri as Independent Director of the Bank w.e.f. close of business hours on June 30, 2025.
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Dr. A. S. Ramasastri has resigned as Independent Director of Bandhan Bank effective close of business on June 30, 2025. He had first flagged his intention to step down in January 2025 and discussed it with the Chairman and Managing Director on June 27, 2025. In his resignation email, he stated that activities of his Trust (allamrajutrust.org) are demanding more of his time and he is unable to devote the necessary attention to the role. He confirmed there are no other material reasons behind his decision and does not hold directorships in any other listed entity. The resignation is being disclosed under SEBI LODR Regulation 30.
This is a routine board change driven by personal time commitments, with no governance red flags or disputes mentioned. The bank will need to identify and appoint a replacement Independent Director to maintain board composition, but no material impact on shareholders or the stock is expected.