Punjab National Bank has announced a significant senior management appointment with Smt. Mousumi Majumdar taking on the role of Group Chief Risk Officer, effective from 15.04.2026. The appointment was communicated to stock exchanges pursuant to regulatory requirements under SEBI (LODR) Regulations, 2015.

Key Appointment Details

The bank has appointed Majumdar to the critical position of Group Chief Risk Officer (GCRO) with the designation of Chief General Manager. This appointment represents an internal promotion, as she transitions from her previous assignment as Chief General Manager in the Credit Review and Monitoring Division at the Head Office.

Professional Background

Majumdar brings substantial expertise to her new role, with a strong educational foundation and extensive industry experience. Her qualifications include a Bachelor of Science degree in Chemistry and professional certification as a Certified Associate of Indian Institute of Bankers (CAIIB).

The appointee's career spans over 34 years in the banking sector, providing her with comprehensive understanding of banking operations and risk management practices. Her previous role in Credit Review and Monitoring Division has equipped her with relevant experience for the risk management responsibilities she will now oversee.

Regulatory Compliance

The appointment was announced in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, specifically under sub clause 7 of Para A, Part A of Schedule III. The bank also referenced SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30.01.2026 in its regulatory filing.

This senior management change reflects the bank's commitment to maintaining robust risk management frameworks and ensuring experienced leadership in critical operational areas. The appointment of an internal candidate with extensive banking experience demonstrates the bank's focus on continuity and leveraging institutional knowledge.

Punjab National Bank announced a significant administrative change regarding its share transfer operations, with the Board of Directors approving the appointment of a new Registrar to an Issue and Share Transfer Agent (RTA) on April 13, 2026.

Board Decision and New Appointment

The Board of Directors at its meeting held on April 13, 2026, approved the change in Registrar to an Issue and Share Transfer Agent for listed equity shares of the Bank from M/s Beetal Financial & Computer Services Pvt. Ltd. to M/s KFin Technologies Limited. This decision was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Selection Process and Implementation Details

The appointment follows a structured Request for Proposal (RFP) process conducted to appoint/re-appoint RTA services. The Bank has provided key details regarding the transition:

Transition Arrangements

Beetal Financial & Computer Services Pvt. Ltd. will continue to serve as the Bank's RTA during the transition period. The changeover will be completed only after:

• Data transition procedures
• Shifting of electronic connectivity
• Completion of other related procedures
• Receipt of necessary confirmations from NSDL and CDSL

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. The Bank has informed both the National Stock Exchange of India Limited and BSE Limited about this corporate development.

Administrative Details

The communication was signed by Bikramjit Shom, Company Secretary of Punjab National Bank, and digitally authenticated on April 13, 2026. The Bank will provide separate intimation regarding the exact effective date of the RTA change once all procedural requirements are fulfilled and necessary documentation is completed.