Nature of change: Appointment of Additional Director (Non-Executive Independent Director)
Name and DIN: Mr. T.V Rao (DIN not disclosed in the document)
Effective date and tenure: Appointment effective from September 01, 2026. Shall hold office for a period of 3 years, subject to approval of Shareholders of the Bank.
Profile and qualifications: Mr. T.V Rao has been a career Central Banker with over 35 years of service in the Reserve Bank of India (RBI) with experience in:
Regulation and supervision of Banks and NBFCs
Regulatory compliance and governance
Payment systems operations
Foreign exchange facilitation through Authorized Persons under FEMA, 1999
Financial inclusion policy formulation
Customer complaint resolution
Represented RBI in the Board of a Grameen Bank for over 2 years
Retired as Chief General Manager in RBI
Experience with RBI Data Warehouse where payment systems are operated
Administrative processes and human resources management in RBI
Educational qualifications: Graduate in Commerce and Master's in Business Administration in Finance
Eligibility confirmation: The Bank affirms that Mr. T.V Rao is not debarred from holding office of director by virtue of any order of Securities and Exchange Board of India or any other such authority.
Relationship with other directors: Nil relationships disclosed between directors.
Shareholder approval: The Bank will seek shareholders' approval for this appointment in due course.
Key Financial or Operational Approvals
Not applicable - No financial or operational approvals mentioned in this disclosure.
Strategic or Business Context
Not applicable - No strategic or business context provided in this disclosure.
Any Other Material Information
Meeting details: Board meeting held on August 07, 2026, commenced at 11:00 AM and concluded at 06:20 PM
Regulatory compliance: Disclosure made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional disclosures: Complies with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Other directorships: Mr. T.V Rao holds no directorships in any other listed company
