The Board of South Indian Bank has appointed Mr. Thomson Thomas as an Additional Director (Non-Executive Independent Director), effective March 23, 2026. This appointment follows the retirement of Mr. V J Kurian on March 22, 2026. Mr. Thomas, a Chartered Accountant with 39 years of experience, brings expertise in banking, taxation, and governance. His term is set for three consecutive years, subject to shareholder approval.
Board Reconstitution and New Appointment
South Indian Bank has announced a significant change in its Board composition following its meeting on March 21, 2026. The Board has approved the appointment of Mr. Thomson Thomas (DIN: 06948598) as an Additional Director, designated as a Non-Executive Independent Director. This appointment will take effect from March 23, 2026.
This transition occurs because the current Independent Director, Mr. V J Kurian (DIN: 01806859), will complete his tenure and retire from the office on March 22, 2026.
Term and Shareholder Approval
Mr. Thomson Thomas will hold the position of Non-Executive Independent Director for a period of three (3) consecutive years. This tenure commences on March 23, 2026, and is subject to the subsequent approval of the Bank’s shareholders, which the Bank intends to seek in due course.
Profile of New Director
Mr. Thomson Thomas, aged 66 years, is a highly experienced Chartered Accountant, bringing 39 years of distinguished experience across Banking, Finance, Corporate Audit, Corporate Taxation, Risk Management, and Corporate Governance. He has notably served as a Statutory Central Auditor for three different banks.
His expertise includes deep knowledge of key regulatory frameworks such as RBI, SEBI, the Companies Act, and the Income-tax Act. Currently, he is the Principal Partner at the Chartered Accountants firm, M/s. ELIAS GEORGE & CO, Kochi. The bank confirms that Mr. Thomson Thomas is not related to any existing Directors of the Bank and is not debarred from holding a Director’s office.
Disclosure Summary
| Detail | Information |
|---|---|
| Reason for Change | Appointment |
| Effective Date | March 23, 2026 |
| Term | Three (3) consecutive years (Subject to shareholder approval) |
| Relationship Status | Not related to any Directors |
The official information regarding this event occurred on March 21, 2026, at 09:25 p.m.
Source: BSE
