IDBI Bank Limited has informed the Exchange regarding 'Appointment of Secretarial Auditors'.
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IDBI Bank has appointed M/s Parikh & Associates, Practising Company Secretaries, as its Secretarial Auditor for a period of five years covering FY 2025-26 to FY 2029-30. The fee will be mutually agreed between the bank's Board and the firm from time to time. M/s Parikh & Associates, founded in 1987, is a well-established firm with 35 members including 10 partners, and specializes in corporate law, SEBI regulations, FEMA, and compliance audits. The appointment is disclosed under SEBI LODR Regulation 30.
This is a routine compliance-related appointment with no material impact on shareholders or stock price. It reflects standard governance practice as the bank rotates its secretarial auditor for a fresh five-year term.