DHANBANKNSEDhanlaxmi Bank Limited· BanksMediumNeutral
Announced Tue, 26 Aug · 17:23 IST

Dhanlaxmi Bank Limited has informed the Exchange regarding Appointment of Mr M Vasudevan as Secretarial Auditor of the Bank

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Dhanlaxmi Bank has appointed practicing Company Secretary M. Vasudevan (FCS 4177, CP No. 2437) as its Secretarial Auditor. The Board approved the appointment at its meeting held on August 26, 2025, subject to shareholder approval at the upcoming Annual General Meeting. The appointment is for a fixed term of five financial years, covering FY 2025-26 to FY 2029-30. M. Vasudevan brings 29 years of experience in company law, securities law, banking law, secretarial practice, and taxation, and has previously conducted Secretarial Audits of Dhanlaxmi Bank for FY 2015-16 to 2019-20 and FY 2024-25. The appointment is a standard regulatory compliance requirement under SEBI Listing Regulations.

Likely market impact

This is a routine governance and compliance appointment with no material impact on the bank's financials or stock price. It ensures continuity of secretarial audit oversight for the next five years.