Yes Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
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Yes Bank announced that Ms. Shweta Jalan, a Non-Executive Director and nominee of Verventa Holdings Limited, resigned from the board effective June 27, 2025, citing other professional commitments. In her place, the board appointed Mr. D. Shivakumar as an Additional Non-Executive Director, also as a nominee of Verventa Holdings, subject to shareholder approval. Shivakumar brings extensive leadership experience, having served as CEO of PepsiCo India, Group Executive President at Aditya Birla Group, and CEO of Emerging Markets at Nokia, and is currently an Operating Partner at Advent International. The board noted Jalan's active role in deliberations before accepting her resignation.
This is a routine nominee director swap representing Verventa Holdings, with a high-profile industry veteran replacing the outgoing director. No change in control or strategy is signaled, so shareholders should expect minimal impact on the stock price.