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DCB Bank Limited Announces Postal Ballot Notice

Mumbai, July 29, 2024 – DCB Bank Limited, headquartered at Peninsula Business Park in Lower Parel, Mumbai, has issued a Postal Ballot Notice to its shareholders. This notice, dated July 18, 2024, seeks shareholder approval for two critical resolutions related to the appointment of Mr. Krishnan Sridhar Seshadri.

Key Highlights

Introduction

DCB Bank has announced a Postal Ballot to its shareholders, aiming to gather votes on the appointment of Mr. Krishnan Sridhar Seshadri as a Director and Whole-time Director (Executive Director) of the Bank.

Resolutions for Approval

Appointment of Mr. Krishnan Sridhar Seshadri as Director

The first resolution seeks to appoint Mr. Krishnan Sridhar Seshadri as a Director of DCB Bank. This resolution is crucial for the governance and strategic oversight of the Bank.

Appointment of Mr. Krishnan Sridhar Seshadri as Whole-time Director

The second resolution proposes the appointment of Mr. Seshadri as Whole-time Director (Executive Director) for two years, effective from June 13, 2024. The terms and conditions, including remuneration, have been approved by the Reserve Bank of India (RBI).

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