General Announcement::Disclosure regarding Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
INDUSIND BANK LIMITED (ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT)
Securities
INDUSINDBKUS$400M3.875%N220415 - XS1978939079 - JNNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Jul-2020 22:27:11
Status
New
Announcement Sub Title
Disclosure regarding Resignation of Independent Director
Announcement Reference
SG200729OTHR3MWJ
Submitted By (Co./ Ind. Name)
IndusInd Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
With reference to the captioned subject, this is to inform that Mr. Sanjeev Asthana (DIN:00048958), who was appointed on December 4, 2019, as an 'Additional Director' in the category of Non-Executive Independent Director of the Bank, has resigned from the Bank's Board of Directors with effect from close of business hours on July 27, 2020, owing to his taking up a new role as the CEO of a Corporate effective July 6, 2020, impacting his being a Director in the Bank's Board, having specialised knowledge / practical experience in 'Agriculture', as laid down in the Banking Regulation Act, 1949.

The Bank has received confirmation from Mr. Asthana that there are no other material reasons for his resignation other than those aforesaid. A copy of the confirmation is annexed with this Letter.

The Board of Directors have, in their meeting held on July 28, 2020, taken note of the resignation of Mr. Sanjeev Asthana with effect from close of business hours on July 27, 2020.

This disclosure is being made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and Clause 7B of Para A of Part-A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A copy of this disclosure, in compliance with Regulation 46 of the Listing Regulations, is being uploaded on the Bank's website at www.indusind.com

Attachments

Stock Exchange Intimation on Resignation of Independent Director.pdf
Total size =243K