Attached herewith details about change in Directors. Kindly acknowledge receipt.
IDBI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IDBI Bank Ltd has announced that two Independent Directors, Shri Samaresh Parida (DIN 01853823) and Shri Jambunathan Narayanan (DIN 05126421), have ceased to be Independent Directors on the Board with effect from May 18, 2026 (end of day). The reason for their departure is the completion of two terms as Independent Directors. The bank has issued this intimation in compliance with Regulations 30 & 51 of SEBI (LODR) Regulations, 2015. The communication was signed by Jyothi Biju Nair, Company Secretary.
The resignation of two independent directors reduces board independence, which could raise concerns among investors about governance composition until new independent directors are appointed to fill the vacancies.