Dhanlaxmi Bank Limited has informed the Exchange regarding Notice of Postal Ballot
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Dhanlaxmi Bank has sent a Postal Ballot notice to shareholders seeking approval for the appointment of Shri. Ashutosh Khajuria (DIN: 05154975) as Independent Director of the Bank for a five-year term from March 22, 2025 to March 21, 2030. Khajuria, aged 64, was initially appointed as Additional Director on March 22, 2025, and is now seeking shareholder ratification through remote e-voting. He brings over 44 years of banking experience, including 7 years as Executive Director of Federal Bank, and has held senior roles at IDBI Bank, SBI, Bank of Baroda, and Allahabad Bank. E-voting will be open from May 18, 2025 (9:00 AM) to June 16, 2025 (5:00 PM). He holds no shares in the Bank and will receive only sitting fees for attending board meetings.
This is a routine governance action to regularize the appointment of an experienced banking professional as Independent Director. Approval will strengthen the Bank's board with deep sector expertise, though the financial impact on shareholders is minimal as the director will only receive sitting fees.