Kotak Mahindra Bank has issued an updated list of Key Managerial Personnel (KMP) authorized to determine the materiality of events and make requisite disclosures to stock exchanges. This update is mandated by regulatory requirements. The authorized personnel include the Managing Director & CEO, Whole-time Directors, Group CFO, and the Company Secretary. Crucially, any two of these designated KMPs, acting jointly, hold the authority to approve disclosures.
Official Communication to Exchanges
Kotak Mahindra Bank has formally communicated an update regarding the personnel authorized to handle materiality assessments and subsequent stock exchange disclosures. This notification, dated March 21, 2026, pertains to the required authorizations under regulatory frameworks governing listed entities.
Designated Key Managerial Personnel (KMP)
The revised list details the specific KMPs vested with the authority to determine the materiality of corporate events or information. The individuals named include:
- Mr. Ashok Vaswani – Managing Director & CEO
- Mr. Jaideep Hansraj – Whole-time Director
- Mr. Paritosh Kashyap – Whole-time Director
- Mr. Anup Kumar Saha – Whole-time Director
- Mr. Devang Gheewalla – Group Chief Financial Officer
- Ms. Avan Doomasia – Company Secretary
Authority for Determinations
A significant aspect of this update specifies the mechanism for approving disclosures. The authority for determining the materiality of events or information rests jointly with any two of the aforementioned Key Managerial Personnel, who must act concurrently to validate the submission.
The bank confirms that this updated information has also been made available on its official investor relations website for comprehensive transparency.
Source: BSE
