Union Bank of India has informed the Exchange about Change in Company Secretary/Compliance Officer
UNIONBANK · price
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Awaiting price reaction for this filing.
Union Bank of India has informed the stock exchange about a change in the position of Company Secretary / Compliance Officer. The full details of the incoming and outgoing officials, along with the effective date, are expected to be provided in the formal disclosure. Company Secretary is a Key Managerial Personnel (KMP) under the Companies Act and any change is required to be reported to the exchanges. The bank has not indicated any governance concerns or unusual circumstances linked to this change.
This is a routine regulatory disclosure regarding a key managerial personnel change. Investors should wait for the detailed filing to understand the reason for the change; on its own, this is unlikely to have a material impact on the stock price.