HDFC Bank Limited's Board of Directors has approved the re-appointment of Dr. Sunita Maheshwari as an Independent Director for a three-year term, marking a significant governance decision for the leading private sector bank. The appointment was approved during a board meeting held on March 26, 2026, following recommendations from the Governance, Nomination & Remuneration Committee.

Re-appointment Details

The board approved Dr. Maheshwari's re-appointment for a period of three years, with her tenure extending from March 30, 2026 to March 29, 2029. The appointment remains subject to approval from the bank's shareholders, which will be sought shortly.

Professional Background and Expertise

Dr. Maheshwari brings over 30 years of extensive experience spanning the US and India. She is a US Board certified Pediatric Cardiologist who completed her MBBS at Osmania Medical College, followed by post-graduation at AIIMS, Delhi and Yale University in the US.

As a medical entrepreneur, Dr. Maheshwari co-founded the Telerad Group, which encompasses several healthcare technology companies:

• A-Kal Televerse Private Limited: India's first and largest teleradiology company that has provided over 8 million diagnostic reports to patients and hospitals globally
• Telerad Tech Private Limited: Builds AI-enabled telehealth software
• RXDX Healthcare: A chain of multi-specialty neighbourhood phygital clinics in Bangalore and rural India
• Daignostix Services Private Limited: Formerly known as Avrio Technologies Private Limited

Social Impact and Academic Contributions

Beyond her entrepreneurial ventures, Dr. Maheshwari has incubated other start-up companies in the telehealth space, including Healtheminds, a tele-counselling platform. She actively manages two trust funds focused on social impact:

• People4people: Has established over 750 playgrounds in government schools
• Telerad Foundation: Provides teleradiology and telemedicine services to underserved areas in Asia

Dr. Maheshwari has been running India's e-teaching programme for postgraduates in Pediatric Cardiology for over a decade and serves as a mentor in Residence for the Sustainable Health Initiative of the Yale Institute for Global Health.

Recognition and Awards

Dr. Maheshwari has received numerous prestigious awards and honours, including:

• Trailblazing Indian Cardiac leader at the ET Indian Cardiac Care Innovation Summit 2024
• Business world's 20 most influential women in healthcare 2022
• WOW (Woman of Worth) 2019 award
• Amazing Indian award-Times Now 2014
• Top 20 women Health care achievers in India, Modern Medicare 2009
• Yale University Outstanding Fellow Teacher of the Year Award, 1995

Compliance and Governance

HDFC Bank confirmed that Dr. Maheshwari is not related to any other Directors or Key Managerial Personnel of the bank. Additionally, she is not debarred from holding the office of a Director by virtue of any order passed by SEBI or any other regulatory authority, ensuring full compliance with governance requirements.

HDFC Bank Limited has announced that its Board of Directors will convene on April 18, 2026, to review and approve crucial financial matters for the concluded financial year. The meeting represents a significant milestone in the bank's annual reporting cycle and will address key shareholder interests including potential dividend distributions.

Board Meeting Agenda

The comprehensive agenda for the April 18, 2026 board meeting includes several critical items that will shape the bank's financial disclosure for FY26:

Trading Window Restrictions

In compliance with insider trading regulations, HDFC Bank has implemented mandatory trading restrictions for its designated personnel. The trading window closure encompasses a comprehensive period to ensure regulatory compliance:

Regulatory Compliance

The announcement was formally communicated to both major stock exchanges on March 24, 2026, demonstrating the bank's commitment to transparent corporate governance. The communication was made under multiple regulatory frameworks:

• Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Regulation 50 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI (Prohibition of Insider Trading) Regulations, 2015

The formal notification was signed by Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight, ensuring proper authorization and compliance with corporate governance standards. This scheduled board meeting represents a crucial step in HDFC Bank's annual financial reporting process and will provide stakeholders with comprehensive insights into the bank's performance for the concluded financial year.