Indusind Bank Limited has informed the Exchange regarding Cessation of Mr Jayant Deshmukh as Non- Executive Independent Director of the company w.e.f. July 23, 2025.
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Mr. Jayant Deshmukh (DIN: 08697679) has ceased to be a Non-Executive Independent Director of IndusInd Bank with effect from close of working hours on July 23, 2025. The cessation is due to the natural completion of his tenure as an independent director. The Board has recorded its appreciation for his contributions during his time on the Board. The intimation was made under SEBI Listing Regulations, and the board meeting ran from 3:15 p.m. to 5:43 p.m. IST.
This is a routine, scheduled end-of-tenure exit of a single independent director and is unlikely to materially affect the stock price or shareholder interests. Investors may want to monitor whether a replacement independent director is appointed in due course to maintain board composition norms.