SBI Cards and Payment Services Limited has informed the Exchange about Copy of Newspaper Publication
SBICARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Cards has published a notice in Business Standard (English and Hindi editions) on May 16, 2025, as required under Section 201 of the Companies Act, 2013. The company is seeking Central Government (Ministry of Corporate Affairs) approval for the appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director & CEO for a two-year term from April 1, 2025 to March 31, 2027. The appointment was already approved by the Board of Directors and the Nomination and Remuneration Committee on February 17, 2025, and received shareholder approval on May 9, 2025. Members of the public can raise objections in writing to the MCA within 30 days of the publication date.
This is a routine regulatory disclosure confirming the formal appointment process for the new MD & CEO. The decision itself was already approved by the board and shareholders, so the stock is unlikely to see a direct price reaction. The 30-day public objection window is standard procedure and is not expected to delay the appointment.