Canara Bank has informed the Exchange regarding Cessation of Ms Nalini Padmanabhan as Non- Executive Independent Director of the company w.e.f. April 11, 2026.
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Ms. Nalini Padmanabhan ceased to be Part-time Non-Official Director on Canara Bank's Board with effect from closure of business hours on 10th April, 2026. This was a routine tenure completion rather than a resignation. The Department of Financial Services, Ministry of Finance, Government of India had re-nominated her for another one-year term starting 11th April, 2025, creating a smooth transition. The cessation was pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, and the company secretary Santosh Kumar Barik signed the intimation.
This is a routine board transition with no negative implications for shareholders. The director's immediate re-nomination indicates continuity of governance rather than any governance concern or strategic shift.