Utkarsh Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
UTKARSHBNK · price
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Mr. Nagesh Dinkar Pinge has completed his first five-year term as an Independent Director of Utkarsh Small Finance Bank on July 19, 2025, and accordingly ceased to hold the position with effect from July 20, 2025. Mr. Pinge, who had the option to seek a fresh term, chose not to pursue reappointment, citing his broader personal commitments and his framework of 'Risks, Rewards, and Return on Time Invested.' The Bank recorded its appreciation for his contributions during the five-year tenure, during which the Bank evolved into a listed entity. The disclosure has been made under SEBI Listing Regulations and is also available on the Bank's website.
This is a routine, planned change in board composition and is unlikely to materially affect the stock price. Shareholders should note that the Bank will need to fill the vacant independent director seat in due course to maintain compliance with board composition norms.