CSB Bank Limited — Important, 13-12-2024: Updates

The Board of CSB Bank Limited has approved the appointment of Mr. Narasimha Raju Narasappa Doddahosahalli as an Additional Independent Director for three years, effective from December 13, 2024. This appointment is subject to approval from the bank's members. Additionally, the Board plans to seek postal ballot approval for the reappointment of Mr. Sharad Kumar Saxena as an Independent Director for another five-year term beginning February 19, 2025. The meeting also included a review and amendments to the Bank's 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information,' enhancing transparency and governance practices. This restructuring positions CSB Bank to better align with its strategic objectives while fostering a positive outlook for operational integrity and shareholder confidence.