Fino Payments Bank Limited has informed the Exchange regarding Resignation of Mr Basavraj Loni as Company Secretary & Compliance Officer of the company w.e.f. May 31, 2025.
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Fino Payments Bank Limited has informed the stock exchange that Mr. Basavraj Loni has resigned from the post of Company Secretary and Compliance Officer, effective May 31, 2025. The Company Secretary is a key managerial personnel responsible for ensuring the bank follows all regulatory and listing rules. No reason for the resignation or immediate replacement has been mentioned in the filing. Shareholders will need to watch for a separate update on the appointment of a new Company Secretary.
This is a routine KMP-level change with no immediate material impact on the stock, but a prolonged vacancy in the compliance officer role could raise minor governance concerns among investors.