DCB Bank Limited — Important, 16-01-2025: General Updates

The Board of Directors of DCB Bank Limited has approved the re-appointment of Mr. Amyn Jassani and Mr. Somasundaram Palamadairamaswamy as Independent Directors for a second consecutive term of three years. Their experience spans over three decades in various financial sectors and management roles. Shareholder approval will be sought for these re-appointments in due course.

Additionally, the Board has made amendments to the “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.” This updated framework aims to ensure timely and fair disclosure of sensitive information, promoting transparency and adherence to compliance standards.

These developments reflect the Bank's commitment to strengthening its governance structure, which could enhance investor confidence and support future growth initiatives.