Union Bank of India has informed the Exchange regarding Appointment of Mr Suraj Srivastava as Non- Executive Independent Director of the company w.e.f. April 11, 2025.
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The Central Government has re-nominated Shri Suraj Srivastava as a Part-time Non-Official Director (Independent Director) on the Board of Union Bank of India with effect from April 11, 2025. His tenure is for one year, i.e., until April 10, 2026, or until further orders, whichever is earlier. Shri Srivastava is a Fellow Chartered Accountant and Bachelor of Laws with over 19 years of experience in taxation and audit, and is a Partner at M/s Batra Sapra & Co. He has no relationship with any existing Directors on the Bank's Board. This is a routine government-led re-nomination of an independent director on a public sector bank board.
This is a routine regulatory re-nomination with no material impact on shareholders or the stock price. It maintains continuity on the Bank's Board with an experienced audit and taxation professional.