Intimation under Regulation 30 of SEBI Listing Regulations - Appointment of Independent Director
Awaiting price reaction for this filing.
Tata Communications has appointed Mr. Sujit Kumar Varma as an Additional and Independent Director on its Board for a five-year term from April 22, 2025 to April 21, 2030, subject to shareholder approval. Mr. Varma is a retired SBI banker who spent over 30 years at the bank, holding senior roles including Deputy Managing Director (Corporate Accounts Group), CEO of SBI New York, and Chief General Manager of International Banking. He brings expertise in corporate and retail credit, trade finance, international banking, risk management, and compliance. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on April 22, 2025. There are no inter se relationships with other directors, and he is not debarred by SEBI or any other authority.
This is a routine board-level appointment with no material impact on shareholders or the stock. Mr. Varma's banking and risk management experience adds domain strength to the board, which is viewed positively by investors.