Indian Bank has announced a change in its board of directors, effective 13.05.2026, pursuant to a Central Government notification. The development was disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 30, via a communication bearing reference number ISC/45/2026-27 dated 13.05.2026, signed by the General Manager-CFO. In continuation, the Bank has submitted the brief profile of the newly appointed director via letter No. ISC/49/2026-27 dated 14.05.2026.

Board Directorate Change

In exercise of the powers conferred by Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Central Government issued Notification eF.No.6/2(iii)/2022-BO.I dated 13.05.2026, nominating Shri Samir Kumar as Director on the Board of Indian Bank. Shri Samir Kumar serves as Economic Advisor, Government of India, Ministry of Finance, Department of Financial Services. He assumed office as Director with immediate effect and until further orders, in place of Shri Alok Pande.

The key details of this directorate change are summarised below:

Brief Profile of Shri Samir Kumar

Shri Samir Kumar belongs to the Indian Economic Service, 1995 batch. He is presently working as Economic Adviser in the Department of Financial Services, Ministry of Finance, handling matters related to Pension Reforms, Debts Recovery Tribunals, General Administration, and Economic Analysis Cell. He was earlier posted as Joint Secretary, Department of Drinking Water and Sanitation, where he was closely involved with the implementation of two flagship programmes of the Government of India — Swachh Bharat Mission-Grameen and Jal Jeevan Mission.

Starting his career from the erstwhile Planning Commission, he has rich experience working across various Government Departments, including the Department of Commerce, Department of Economic Affairs (DEA), and Central Economic Intelligence Bureau (CEIB) in the Department of Revenue. Shri Samir Kumar also serves as Government Nominee Director on the Board of CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India), which is responsible for keeping records of all securitisation, reconstruction, and security interest transactions, as well as Central KYC (CKYC). He has completed his Graduation in Economics (Hons.) from Calcutta University and Post-Graduation from Patna University.

Additional Disclosures

Indian Bank has confirmed that Shri Samir Kumar, in his capacity as GOI Nominee Director, is not related to any other Directors of the Bank. The Bank has further confirmed that Shri Samir Kumar is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The brief profile was submitted as an annexure to letter No. ISC/49/2026-27 dated 14.05.2026, signed by the General Manager-CFO.

Indian Bank conducted an investor and analyst interaction meet on May 6, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was held to facilitate one-on-one discussions with representatives from various institutional investors and asset management companies. The disclosure was formally communicated to the National Stock Exchange of India Ltd. and BSE Ltd.

Participants and Mode of Interaction

The meeting saw participation from five key institutional investors. All interactions were conducted in physical mode, allowing for direct engagement between the bank's representatives and the investors. The attendees included prominent mutual funds and insurance companies.

Discussion Details

During the interaction, the bank clarified that only information already available in the public domain was discussed or shared. This adherence to regulatory guidelines ensures transparency and prevents the selective disclosure of unpublished price-sensitive information. The meeting served as a platform for investors to gain better insights into the bank's operations based on publicly accessible data.

The disclosure was signed by Dina Nath Kumar, AGM & Company Secretary, on behalf of Indian Bank. The formal communication was timestamped at 19:41:48 +05'30' on the same day.