Bank of Maharashtra has informed the Exchange about Change in Company Secretary/Compliance Officer
MAHABANK · price
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The Board of Bank of Maharashtra approved the appointment of Shri Vishal Sethia (34 years old, qualified CS, CA and CAIIB with over 12 years of banking experience, previously with Indian Bank) as the new Company Secretary & Board Secretary effective May 12, 2025. The current Company Secretary & Compliance Officer, Ms. Nehal Rawat, has been re-designated as Deputy Company Secretary. Shri Kaushal Vijaykumar Sampat (45, with 23+ years of banking experience across IndusInd Bank, Standard Chartered, ICICI Bank, HDFC Bank and IFSC banking) has been appointed as General Manager – International Banking Unit (IBU) at GIFT IFSC, Gujarat. The Board also approved filling one Shareholder Director vacancy through election at the upcoming AGM.
Routine key managerial reshuffle with no negative governance signals; new Company Secretary brings strong banking and compliance credentials, while the Sampat appointment strengthens the bank's international banking footprint at GIFT City. No material impact expected on shareholders or stock price.