Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Mr. Rajesh Varrier (DIN: 00105765) as an Additional Director (Non-Executive Independent Director)
  • Effective date and tenure: Appointment effective from October 16, 2026 for a period of three consecutive years
  • Approval process: Approved by the Board of Directors at meeting held on October 16, 2026 based on recommendations of Nomination, Remuneration, Ethics and Compensation Committee
  • Shareholder approval: Pursuant to Regulation 17(1C) of SEBI LODR Regulations, 2015, shareholders' approval shall be obtained at next general meeting or within three months from date of appointment, whichever is earlier
  • Retirement provision: In terms of Section 149(13) of Companies Act, 2013, he shall not be liable to retire by rotation during tenure as Independent Director

Brief Profile and Qualifications:

  • Mr. Rajesh Varrier is Cognizant's President, Global Operations, and Chairman & Managing Director of Cognizant India
  • Leads company's software engineering group and operational model globally
  • Oversees company's presence in India and provides regional leadership for Cognizant's India leadership council
  • Guides strategic direction across software engineering, operational strategy, processes, workforce sourcing and delivery excellence
  • Previous roles: EVP, Head of Global Services and Infosys Americas; Global Head of Infosys' Digital and Microsoft businesses; SVP of Digital Experience and Microsoft business at Infosys; CIO and Digital Officer for Aditya Birla Sun Life Insurance
  • Educational qualifications: Bachelor's degree in physics and postgraduate degree in computer engineering from University of Mumbai
  • Other positions: Member of NASSCOM executive council and member of board of directors of Cognizant Foundation India

Governance and Compliance:

  • Not related to any Directors or Key Managerial Personnel of the Bank
  • Confirmed not debarred from holding office of director by virtue of any SEBI order or any other authority (per Stock Exchange Circular dated June 20, 2018)
  • Appointment made pursuant to Banking Regulation Act, 1949 and Reserve Bank of India (Commercial Banks - Governance) Directions, 2025

Board Meeting Details:

  • Meeting held on Friday, October 16, 2026
  • Meeting commenced at 10:46 a.m.
  • Meeting approved the appointment and was thereafter adjourned

Any Other Material Information

Regulatory References:

  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Details provided as required under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III to SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Company Contact Information:

  • Company Secretary: Samir P Rajdev
  • Company CIN: L65191KL1931PLC000368
  • Address: Federal Bank | Secretarial Dept | 6th Floor, Federal Towers, Bank Junction, Aluva | Kerala | 683101