UCO Bank has informed the Exchange regarding Cessation of Mr Subhash Shankar Malik as Independent Director of the Bank w.e.f. May 08, 2026.
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UCO Bank has announced the cessation of Mr. Subhash Shankar Malik as a Part-time Non-Official Director on the Board. He was appointed for a three-year term starting May 8, 2023, under a Government of India notification. His tenure has now been completed, and he ceased to be a Director effective close of business hours on May 7, 2026. This is a routine expiry of term, not a resignation or early departure. The bank has informed both NSE and BSE of this change in board composition as required under SEBI regulations.
This is a routine board change with no negative implications for shareholders. The director completed his full government-mandated tenure and departed as scheduled, with no governance concerns indicated.