Retirement of Shri Mahesh Kumar Bajaj, Executive Director of the Bank from Banks services on superannuation
Awaiting price reaction for this filing.
Indian Bank has informed the stock exchanges that Shri Mahesh Kumar Bajaj, Executive Director of the Bank, retired from the Bank's services on superannuation. He demitted office on 30.06.2025 and ceased to be Executive Director with effect from 01.07.2025. The disclosure is made under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The communication is signed by Dina Nath Kumar, AGM & Company Secretary. No successor has been announced in this filing.
This is a routine, planned exit on superannuation, not an unexpected departure, so it is unlikely to materially affect the stock price. Shareholders should watch for a separate announcement regarding the appointment of a new Executive Director to fill the vacancy on the board.