IDBI Bank Limited has informed the Exchange about Sad Demise of Shri T. N. Manoharan, Part time Chairman
IDBI · price
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IDBI Bank has informed the stock exchanges about the sudden demise of Shri T. N. Manoharan, who served as Independent Director and Part-time Chairman of the Bank, on July 30, 2025. He was associated with IDBI Bank since February 24, 2022, and held DIN 01186248. The Board and employees have expressed condolences to his family. The Bank is now required to fill the vacancy of the Part-time Chairman in due course as per regulatory norms.
This is a sentimental/leadership event, not a financial one. The stock is unlikely to react materially, but the Bank will need to appoint a new Part-time Chairman, which investors should watch as a governance update.