Nature of change: Appointment as Non-Executive Independent Director
Name and DIN: Ms. Manimekhalai A (DIN: 08411575)
Effective date: July 16, 2026
Tenure: Appointed as Additional Director (Independent) effective July 16, 2026, up to the date of the ensuing General Meeting. Subject to shareholders' approval by Special Resolution, she shall be appointed as an Independent Director for a term of five consecutive years commencing from July 16, 2026.
Profile: Distinguished banker with over three decades of experience in India's public sector banking industry. Began career as an officer with Vijaya Bank in 1988. Served as Executive Director of Canara Bank and became the first woman Managing Director and CEO of Union Bank of India in June 2022, leading until retirement in 2026. MBA in Marketing from Bangalore University and Certified Associate of the Indian Institute of Bankers (CAIIB). Recognized for contributions to strategic planning, digital transformation, business growth, financial inclusion, and successful integration of major banking operations.
Relationships: Not Applicable (as per disclosure)
Re-appointment of Mrs. Shirley Thomas
Nature of change: Re-appointment as Non-Executive Independent Director
Name and DIN: Mrs. Shirley Thomas (DIN: 08586100)
Effective date: November 25, 2026
Tenure: Second consecutive term of five years with effect from November 25, 2026 (current term expires November 24, 2026)
Profile: Extensive banking experience spanning Branch Banking to Network Level Senior Management roles with State Bank of India (SBI). Started career in 1984 as Probationary Officer. Expertise in finance, banking, management, sales, and administration. Held positions including Senior Vice President, Sales and Distribution; Assistant General Manager, Stressed Asset Management Branch; Deputy General Manager, Group Risk; General Manager Chennai Circle. Previously served as Nominee Director of ITCOT Limited for one year.
Current directorships: Holds directorship in Bamni Proteins Limited, Nitta Gelatin India Limited, and BWDA Finance Limited, in addition to Muthoot Capital Services Limited.
Relationships: Not Applicable (as per disclosure)
Key Financial or Operational Approvals
Tax Auditor Appointment
Decision: Appointment of M/s. K. Venkatachalam Aiyer & Co., Chartered Accountants (FRN:004610S) as Tax Auditor
Term: One Financial Year (2026-27)
Purpose: Conducting Tax Audit under provisions of Income-tax Act, 1961 for Financial Year 2026-27
Firm profile: Established in 1945 with active working office in Kochi, servicing clients on PAN-India basis. Services include Audit & Assurance, Taxation, Accounting and Risk Advisory. Significant experience in auditing financial services clients including banks and NBFCs.
Meeting Details
Date: July 16, 2026
Timing: Commenced at 03:00 p.m. and concluded at 08:00 p.m.
Approvals: All appointments subject to shareholder approval by Special Resolution within stipulated timelines
