Bank Of Baroda has informed the Exchange regarding Resignation of Mr SOMWANSHI VIRENDRA SURYABHAN as Other of the company w.e.f. July 18, 2025.
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Bank of Baroda has informed the stock exchanges about the resignation of Mr. Somwanshi Virendra Suryabhan from the position of Head – Wealth Management & Capital Markets (WMS & Capital Market), BCC, Mumbai, effective after office hours on July 18, 2025. He is classified as a Senior Management Personnel (SMP) under SEBI LODR regulations, not a director or Key Managerial Personnel. The resignation letter, dated April 19, 2025, does not mention any specific reason and expresses gratitude for the professional experience. The bank has filed this under Regulation 30 of SEBI (LODR) Regulations, 2015.
This is a routine senior-level management departure from a PSU bank's wealth and capital markets division and is unlikely to materially affect shareholders or the stock price. Investors should watch for any subsequent announcement regarding the appointment of a replacement to ensure continuity in this business vertical.