Ujjivan Small Finance Bank Limited — Important, 30-11-2024: General Updates

Mr. Samit Kumar Ghosh, Non-Executive Non-Independent Director of Ujjivan Small Finance Bank, will retire from his position effective December 1, 2024, upon reaching the age of 75. The Board and Management have expressed their gratitude for his significant contributions during his tenure. Following this retirement, the Board will comprise nine directors, including seven independent directors, one managing director & CEO, and one whole-time director. This transition marks a notable change in the board's composition, and investors should monitor how this may impact the bank’s strategic direction and governance moving forward.