IDBI Bank Limited has informed the Exchange about Sad Demise of Shri T. N. Manoharan, Part time Chairman

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IDBI · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹94.19

prior close

₹92.25

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%-0.7% vs market

Private Sector Bank peers, median of 19sector-0.5%-1.1% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 1.1 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+0.6

15m

+0.5

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.9-0.7-0.5-1.1

Next day

-4.4-2.5-1.8-2.2-2.1

-2.7-1.6-1.2-1.1-1.7

-3.5-1.9-1.7-1.8-1.7

-5.0-3.1-1.9-1.9-3.0

-5.0-3.2-1.9-1.4-3.7

-4.5-4.0-0.5-1.2-3.3

15d

+0.8-1.4+2.2-2.3+3.0

-7.3-3.3-4.1-4.3-3.0

-2.9-3.5+0.7-3.4+0.5

+10.1+0.1+10.1+7.5+2.6

UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.