Utkarsh Small Finance Bank Limited has informed the Exchange regarding Cessation of Mr. Muralidharan Rajamani as Non- Executive Non-Independent Director of the Bank w.e.f. March 02, 2026.
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Utkarsh Small Finance Bank has informed the exchanges that Mr. Muralidharan Rajamani (DIN: 01690363) ceased to be a Non-Executive Non-Independent Director with effect from March 2, 2026. His departure follows the completion of his first five-year term on March 1, 2026. In his cessation letter, Mr. Rajamani noted that he chose not to seek reappointment due to personal commitments. The Bank has recorded its appreciation for his contributions during his tenure on the Board.
This is a routine, planned board change with no governance concerns flagged. Since the director himself declined reappointment for personal reasons and the transition is part of a normal term-end process, the immediate impact on shareholders or the stock is expected to be neutral.