Kotak Mahindra Bank Limited has informed the Exchange about Updated list of Key Managerial Personnel for the purpose of determining materiality of events or information and for making disclosures to stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
KOTAKBANK · price
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Awaiting price reaction for this filing.
On May 3, 2025, Kotak Mahindra Bank informed the stock exchanges about an updated list of Key Managerial Personnel (KMPs) authorised to determine the materiality of corporate events and make disclosures to the exchanges as required under Regulation 30(5) of the SEBI Listing Regulations. The five KMPs listed are Managing Director & CEO Ashok Vaswani, Deputy Managing Director Shanti Ekambaram, Whole-time Director Jaideep Hansraj, Group CFO Devang Gheewalla, and Company Secretary Avan Doomasia. Any two of these officials, acting jointly, have the authority to determine materiality. The updated list has also been published on the bank's investor relations website.
This is a routine compliance filing with no change in management or business operations, so it is unlikely to have any direct impact on the stock price. It simply clarifies who is authorised to communicate material events to the exchanges on behalf of the bank.