Canara Bank has informed the Exchange regarding Change in Director(s) of the company.
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Canara Bank has informed the stock exchanges about the election of two Shareholder Directors with effect from July 27, 2025, who will hold office for three years until July 26, 2028. Ms. Abha Singh Yaduvanshi, a former Additional Secretary at Lok Sabha Secretariat, has been re-elected (she has been on the board since July 2022). Shri Gunjeet Singh Pannu, a former Vice-President of the Income Tax Appellate Tribunal with over 39 years of experience, has been newly appointed. Additionally, Shri Bimal Prasad Sharma has ceased to be a Shareholder Director upon completion of his three-year tenure on July 26, 2025. Both incoming directors have confirmed they are not debarred by SEBI or any other authority.
This is a routine board composition update for Canara Bank under the Banking Companies Act, with one re-election and one new appointment of Shareholder Directors replacing an outgoing director. No material impact on shareholders or stock price is expected, as the changes are part of the normal governance cycle of a public sector bank.