Bank of Maharashtra has informed the Exchange regarding Board meeting held on May 12, 2025.
MAHABANK · price
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Bank of Maharashtra's board approved several key changes at its meeting on May 12, 2025. Shri Vishal Sethia was appointed as the new Company Secretary & Board Secretary (designated as KMP), replacing Ms. Nehal Rawat who has been re-designated as Deputy Company Secretary. Shri Kaushal Vijaykumar Sampat (age 45, with 23+ years in banking, previously with IndusInd Bank, Standard Chartered, ICICI, and HDFC Bank) was appointed as General Manager of the International Banking Unit at GIFT IFSC, Gujarat. The board also decided to fill one Shareholder Director vacancy on the board through election at the upcoming AGM.
These are routine senior management changes and not expected to materially impact the stock. The new Company Secretary brings 12 years of banking experience (from Indian Bank), and the new GM-IBU brings strong international banking expertise, which should support the bank's IFSC operations.