Dhanlaxmi Bank Limited has informed the Exchange regarding Cessation of Mr Balasubramanian A D as Other of the company w.e.f. May 25, 2026.
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Dhanlaxmi Bank Limited announced that Mr. Balasubramanian A.D has completed his tenure as Chief Vigilance Officer (CVO) of the Bank effective May 24, 2026. The cessation is due to natural tenure completion, not resignation or any adverse reason. This is a routine senior management change as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the required disclosure under SEBI Master Circular dated January 30, 2026. The CVO position is part of the bank's senior management team but is not among the Key Managerial Personnel (KMP) typically comprising CEO, CFO, and Company Secretary.
This is a routine management change due to tenure completion and is unlikely to have any material impact on the bank's operations or stock price. No governance concerns are indicated as the departure is amicable and planned.