Bandhan Bank Limited has informed the Exchange regarding Outcome of Board meeting held on June 27, 2025. The Board has approved the appointment of Independent Director of the Bank, subject to approval of Shareholders. Further, the Board has also recommended to the Shareholders, the appointments of Joint Statutory Auditor and Secretarial Auditor of the Bank.
BANDHANBNK · price
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Bandhan Bank's Board, at its meeting on June 27, 2025, approved the appointment of Ms. Veni Thapar, a Chartered Accountant with 29+ years of experience in audit and banking matters, as an Additional and Independent Director for a 3-year term, subject to shareholder approval. The Board also recommended the appointment of M/s. V. Singhi & Associates as Joint Statutory Auditors for 3 years (from the 11th AGM until the 14th AGM in 2028), subject to RBI approval. Additionally, M/s. Makrand M. Joshi & Co. was recommended as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. The 11th AGM is scheduled for August 21, 2025, with the record date for dividend eligibility fixed as August 14, 2025.
These are routine governance and audit-related appointments, pending shareholder approval at the upcoming AGM. No material impact on share price is expected; however, the dividend record date signals that a dividend declaration may be considered at the AGM.