Sbi Cards And Payment Services Limited has informed the Exchange regarding Notice of Postal Ballot
SBICARD · price
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SBI Cards has issued a Postal Ballot Notice seeking shareholder approval for the appointment of two Independent Directors through special resolutions. Smt. Anuradha Rao (DIN: 07597195), former Deputy Managing Director (Strategy and Digital Banking) at State Bank of India and ex-MD & CEO of SBI Funds Management, was appointed as Additional Independent Director on November 13, 2025 for a 3-year term. Smt. Parvathy Vairava Sundaram (DIN: 07005574), former Executive Director of the Reserve Bank of India who retired in November 2019, was appointed as Additional Independent Director on December 9, 2025 for a 3-year term. The e-voting window is open from January 8, 2026 (10:00 AM) to February 6, 2026 (5:00 PM), with results to be declared within two working days thereafter.
This is a routine governance exercise to formalize the appointment of two experienced women directors from the banking and financial regulatory sectors. Shareholders need to vote via remote e-voting during the specified window. The appointments are unlikely to materially impact stock price but strengthen board expertise in banking, digital strategy, and financial supervision.