Indian Bank has informed the Exchange regarding Cessation of Shri Vishvesh Kumar Goel, Part Time Non Official Director and Shri Balmukund Sahay, Part Time Non Official Director as Non- Executive Independent Directors of the Bank w.e.f. April 11, 2026.
INDIANB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Bank has announced that Shri Balmukund Sahay and Shri Vishvesh Kumar Goel, both Part-Time Non-Official Directors (Non-Executive Independent Directors), have ceased to be directors of the Bank with effect from April 11, 2026. Their term of appointment ended on April 10, 2026. The company has filed this intimation in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors were independent directors on the board. The bank will need to appoint replacement independent directors to fill the vacancies.
The simultaneous cessation of two independent directors could raise governance concerns and may require the bank to appoint replacements to maintain compliance with board composition norms. However, since this appears to be a routine term completion, the market impact is likely minimal.