Union Bank of India has announced a significant leadership change in its finance department, appointing CA Dhirendra Jain as the new Chief Financial Officer (CFO) effective February 01, 2026. The appointment comes following the resignation of the current CFO, CA Avinash Vasant Prabhu, who will be relieved from his position on January 31, 2026.

Leadership Transition Details

The bank has made this announcement in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The transition represents a seamless handover with no gap between the outgoing and incoming CFO.

New CFO Profile and Experience

CA Dhirendra Jain, aged 51 years, brings extensive experience to his new role as CFO. He is a qualified Chartered Accountant with more than 28 years of experience in the finance sector. Currently serving as General Manager - Finance and Accounts at Union Bank of India, Jain has demonstrated his capabilities across various banking functions.

His professional background includes:

• Rich banking experience in Credit - Large Corporate
• Leadership roles as Regional Head and Zonal Head
• Post Graduate qualification in Commerce
• Certified Associate from Indian Institute of Bankers (CAIIB)

Outgoing CFO's Departure

CA Avinash Vasant Prabhu submitted his resignation letter dated December 15, 2025, citing personal reasons for his departure. In his resignation letter, Prabhu expressed gratitude for the opportunities provided during his tenure of more than two years with the bank. He acknowledged the experience gained and achievements made during his period as CFO.

Corporate Governance Compliance

The announcement was made through a formal communication dated January 28, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited. The board meeting to approve this appointment was conducted on the same day, starting at 06:15 P.M. and concluding at 08:10 P.M.

The bank has ensured full compliance with regulatory requirements by providing detailed information about the leadership change, including the reason for transition, appointment date, and comprehensive profile of the new CFO. This transition reflects the bank's commitment to maintaining strong financial leadership and ensuring continuity in its operations.

Union Bank of India has announced a key leadership change with the appointment of Mr. Ashish Mishra as Company Secretary and Compliance Officer, effective immediately. The appointment was communicated to stock exchanges through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, dated January 28, 2026.

Leadership Transition Details

Mr. Ashish Mishra assumes the role previously held by Mr. Mangesh Mandrekar, who has been transferred from his position as Board Secretary and Company Secretary. The transition is part of the bank's internal organizational restructuring.

Professional Profile of New Appointee

Mr. Ashish Mishra brings extensive experience and qualifications to his new role. He holds multiple professional certifications and has demonstrated expertise across various banking functions over more than two decades.

Qualifications and Experience

Contact Information

The bank has provided complete contact details for the new Company Secretary and Compliance Officer to ensure seamless communication with stakeholders:

Mr. Ashish Mishra
Company Secretary & Compliance Officer
Email: ashish@unionbankofindia.bank.in
Board Secretariat, Investor Services Division
12th Floor, Union Bank Bhavan, Vidhan Bhavan Marg,
Nariman Point, Mumbai-400 021
Contact No.: 022-22896643

Regulatory Compliance

The appointment has been made in compliance with Regulation 6(1) read with Clause No. 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This ensures adherence to all regulatory requirements for key managerial personnel changes in listed companies.

The formal communication was signed by Mr. Mangesh Mandrekar in his capacity as Authorized Signatory, marking the official transition of responsibilities. The bank has informed both BSE Limited and National Stock Exchange of India Limited about this key personnel change as part of its disclosure obligations.