The Board of Directors 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, will serve an initial term of three years, subject to shareholder approval.
Board Update: New Independent Director Appointed
South Indian Bank announced a key change in its directorship structure following its Board meeting held on March 21, 2026. The Board has approved the appointment of Mr. Thomson Thomas (DIN: 06948598) as an Additional Director, designated as Non-Executive Independent Director.
Transition of Role
This appointment is necessitated by the conclusion of the term of the incumbent, Mr. V J Kurian (DIN: 01806859), who is retiring from the office of Independent Director on March 22, 2026. Mr. Thomson Thomas’s appointment will take effect from March 23, 2026.
Term of Appointment
Mr. Thomas will hold office for a period of three (3) consecutive years, contingent upon subsequent approval by the Bank’s Shareholders. The Bank confirms it will seek this approval in due course.
Profile of the New Director
Mr. Thomson Thomas is 66 years old and a seasoned Chartered Accountant, bringing 39 years of distinguished experience across Banking, Finance, Corporate Audit, Corporate Taxation, Risk Management, and Corporate Governance. He has extensive exposure to key regulatory frameworks, including those set by the RBI, SEBI, and the Income-tax Act. He is currently the Principal Partner at the Chartered Accountants firm, M/s. ELIAS GEORGE & CO in Kochi. It is confirmed that Mr. Thomas is not related to any other Directors of the Bank.
Affirmation of Compliance
The Bank affirms that Mr. Thomson Thomas is not debarred from holding the office of Director by any order from the Securities and Exchange Board of India or any other relevant authority.
Source: BSE
