Bandhan Bank Limited — Important, 19-11-2024: General Updates

The Board of Directors of Bandhan Bank has convened a meeting where they approved seeking shareholder approval through a Postal Ballot for several important resolutions. These include extending the term of the Interim Managing Director & CEO, Mr. Ratan Kumar Kesh, until October 31, 2024, and the appointment of Mr. Partha Pratim Sengupta as a Director and as the new Managing Director & CEO for a period of three years, starting November 1, 2024. The board meeting lasted from 10:00 a.m. to 2:15 p.m. Detailed documentation regarding the Postal Ballot, e-voting process, and explanatory statements will be provided subsequently. This transition in leadership positions is critical for the bank's strategic direction. Investors should watch closely for these developments as they unfold.