Disclosure under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting - Change in Senior Management(s)
SBICARD · price
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SBI Cards and Payment Services Ltd has announced a change in its senior management at the Board meeting held on May 30, 2026. Mr. Saurav Ghosh has been appointed as the new Chief Operating Officer (COO) for a period of 2 years, effective June 21, 2026. He brings over 24 years of experience across banking operations, HR, credit management, regulatory compliances, and digital transformation. The current COO, Mr. Ashutosh Kumar Sharma, will vacate his position upon completion of his term at the close of business on June 20, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee.
This represents a routine leadership transition at the senior management level with a smooth handover planned. The stock is unlikely to see any significant reaction as the change appears planned and orderly with no governance concerns flagged.