CSB Bank has announced the cessation of Mr. Sumit Maheshwari as a Non-Executive Non-Independent Director. This change is effective from the close of office hours on September 2, 2026, following the completion of his maximum permissible tenure of 8 years as per the Banking Regulation Act, 1949. The Board of Directors has expressed gratitude for his contributions during his service.
Director’s Tenure Concludes
CSB Bank Limited has officially informed stakeholders about the conclusion of Mr. Sumit Maheshwari’s tenure as a Non-Executive Non-Independent Director. This departure is effective from the close of business on Wednesday, September 2, 2026. The cessation is in accordance with the provisions of the Banking Regulation Act, 1949, which limits the maximum permissible tenure to 8 years.
Board Acknowledges Contributions
The Board of Directors of CSB Bank extended their sincere appreciation and gratitude to Mr. Sumit Maheshwari for the valuable contributions he made during his tenure as a director. His insights and guidance have been instrumental in the bank’s progress over the years. The bank has provided the necessary disclosures as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which are also available on the bank’s website.
Source: BSE
