General Updates

The company will conduct a postal ballot to seek member approval for the appointment of Mrs. Tilottama Rajaram Deshpande as an Independent Director for a term of five years from December 27, 2024, to December 26, 2029. The notice emphasizes her extensive experience in financial services and previous roles, including work in banking and credit management with portfolios exceeding ₹6,000 crore.

The e-voting period is set to begin on February 20, 2025, and conclude on March 21, 2025, enabling shareholders to participate remotely.

The resolutions proposed will be deemed passed on March 21, 2025, if approved by the necessary majority.

Watch closely for how this strategic addition may influence governance and oversight.