AU Small Finance Bank – Independent Director Tenure Completion

Date: 28 March 2026
Reference: AUSFB/SEC/2025-26/509

Overview

• Director: Ms. Kavita Venugopal (DIN 07551521)
• Change: Completion of tenure; ceased to be an Independent Director effective 28 Mar 2026 (close of business)
• Regulatory Basis: SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Regulation 30 and SEBI Circular HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026.
• Board Action: The bank will file a subsequent notice once a new independent director is appointed.

Governance Implications

• Compliance: The disclosure meets all SEBI filing requirements, reflecting strong governance discipline.
• Board Continuity: No immediate disruption to board functioning; the remaining directors continue to oversee operations.
• Future Appointment: Investors should watch for the appointment of a successor, which may bring additional expertise (e.g., fintech, risk management) that could influence strategic direction.

Impact on Investors

• Financial Impact: None – the change is purely a board composition matter.
• Risk Profile: Unchanged; the bank maintains its existing risk management framework.
• Opportunity: A new independent director could enhance oversight, potentially improving governance‑related credit ratings and investor confidence.

Outlook

• Short‑Term: Stable; no effect on earnings, loan book, or capital adequacy.
• Medium‑Term: Dependent on the profile of the incoming director; potential for added strategic insight.
• Rating: Moderately Positive – the bank demonstrates compliance and proactive governance, with no negative financial repercussions.

For further details, refer to the annexure attached to the SEBI filing or contact investorrelations@aubank.in.