SBI Cards and Payment Services Limited — Board Meeting, 29-03-2025: Outcome of Board Meeting

The Board of Directors of SBI Cards and Payment Services Ltd. has noted the resignations of Mr. Abhijit Chakravorty, Managing Director & CEO, effective March 31, 2025, due to superannuation from the State Bank of India, and Mr. Nitin Chugh, Non-executive Nominee Director, immediate effect, due to time constraints. The resignations signal a leadership change that could impact strategic direction and operational management. Additionally, the trading window for securities will remain closed from March 29, 2025, until 48 hours after the declaration of financial results for the period ending March 31, 2025.