Sbi Cards And Payment Services Limited has informed the Exchange regarding Change in Director(s) of the company.
SBICARD · price
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SBI Cards has informed the exchange that Mr. Rajendra Kumar Saraf, Non-executive Independent Director, completed his second term and ceased to be a Director effective August 13, 2025. In his place, the Board has approved the appointment of Mr. Rajnikant Patel as an Additional Independent Director for a three-year term (August 13, 2025 to August 12, 2028), subject to shareholder approval. Mr. Patel is a finance veteran with over 30 years of experience, including former MD & CEO of BSE and ICEX, and prior stints at RBI, BNP Paribas, and State Bank Group. The company confirmed he is not related to any existing director and is not debarred from holding office under any SEBI order.
This is a routine independent director rotation with no material impact on operations or financials. The incoming director brings strong financial markets and regulatory experience, which may positively support board oversight.