Karur Vysya Bank Limited has informed the Exchange regarding Cessation of Mr K G Mohan as Non- Executive Independent Director of the company w.e.f. October 12, 2025.
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Karur Vysya Bank has informed the stock exchange that Mr K G Mohan will cease to be a Non-Executive Independent Director of the bank with effect from October 12, 2025. The reason for cessation (end of term, resignation, or otherwise) has not been disclosed in the filing. Mr Mohan was part of the bank's board as an independent director. The bank will need to fill this board vacancy in line with RBI and SEBI norms on board composition.
This is a routine board-level change involving a single independent director and is unlikely to materially affect the stock price or operations. Shareholders should watch for disclosure on the reason for cessation and the appointment of a replacement independent director.