Canara Robeco Asset Management Company has announced a significant leadership change with the resignation of K Satyanarayana Raju from his position as Chairman of the Board. This development marks a notable transition in the company's top-level management structure.

Leadership Transition

The resignation of K Satyanarayana Raju represents a key change in the governance structure of the asset management company. As Chairman of the Board, Raju held one of the most senior positions within the organization's leadership hierarchy.

Company Profile

Canara Robeco Asset Management Company operates in the finance sector and is classified as a mid-cap company. The firm is involved in asset management services and has established its presence in the Indian financial services industry.

Corporate Governance Impact

The resignation of the Chairman represents a significant change in the company's board composition. Such leadership transitions typically involve careful succession planning to ensure continuity in strategic direction and operational oversight.

The company will need to address this leadership vacancy through appropriate governance processes, which may include the appointment of a new Chairman or interim leadership arrangements to maintain effective board oversight.

Canara Robeco Asset Management Company has announced the resignation of K Satyanarayana Raju as Non-Executive Director and Chairman of its Board of Directors. The resignation, submitted on December 31, 2025, takes effect from the close of business hours on the same date due to his superannuation from Canara Bank.

Board Leadership Change

K Satyanarayana Raju (DIN: 08607009) tendered his resignation as Non-Executive Non-Independent Director and Chairman following his retirement as Managing Director & CEO of Canara Bank. The resignation was communicated to both the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of SEBI Listing Regulations.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by informing stock exchanges about the board change. The intimation includes detailed annexures as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, providing comprehensive information about the cessation event.

Chairman's Farewell Message

In his resignation letter, Raju expressed appreciation for his tenure with the asset management company. He described his role as "a privilege and personally enriching experience" and thanked all directors and management for their cooperation and contribution toward the company's development. The outgoing chairman wished the company continued success and growth in the competitive asset management sector.

Corporate Communication

Canara Robeco Asset Management Company has uploaded the resignation intimation on its official website at canararobeco.com for stakeholder access. The company's authorized signatory, Rupesh Jadhav, signed the formal communication to stock exchanges, ensuring proper documentation of the board change.