Dhanlaxmi Bank Limited — Others, 06-12-2024: Change in Management

Shri. Balasubramanian R has been appointed as the new Head of Treasury at the Bank, effective immediately, following the resignation of Shri. Arvind Kanagasabai due to personal reasons. Balasubramanian brings over 25 years of banking and financial services experience, previously serving as Managing Director at Vruksha MicroFin Pvt Ltd and holding senior roles in Integrated Treasury and Forex operations at Indian Bank. This leadership change could enhance the Bank's treasury operations, potentially improving risk management and operational efficiency. Investors may view this as a positive development, signaling a strategic focus on strengthening the Bank's financial leadership.