Executive Director Sanjay Rudra ceases on board after tenure completion

Kmp ResignedManagement Changes View source PDF Explain this filing

UNIONBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹172.55

prior close

₹173.82

announcement price

In-mkt

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Nifty 100market+0.6%+0.7% vs market

Public Sector Bank peers, median of 11sector+0.3%+1.0% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty 100 and 1.0 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Union Bank of India has informed the exchanges that Shri Sanjay Rudra, Executive Director of the bank, completed his tenure on June 30, 2026, and consequently ceased to be a Director on the Board effective July 1, 2026. The disclosure was made under SEBI LODR Regulation 30 read with Schedule III. No successor or replacement details were shared in this filing.

Likely market impact

Routine leadership change at expiry of term. No immediate material impact on operations; watch for announcement of a new Executive Director.