Shareholders Approve Mr. Tsewang Tharchin, IA&AS as Rotational Director

Shareholders at the 88th AGM held on September 22, 2026 approved the appointment of Mr. Tsewang Tharchin, IA&AS (DIN: 11907418) as a Director liable to retire by rotation, effective September 22, 2026.

Thu 24 Sep 2026

Director Appointment

Mr. Tsewang Tharchin, IA&AS (DIN: 11907418) approved as Rotational Director

Effective Date

September 22, 2026

AGM Date

88th AGM held on September 22, 2026

Director Background

2007 batch Indian Audit and Accounts Service officer, Commissioner Secretary Finance Department Ladakh Administration

Qualifications

BA from Kashmir University, Diploma in Management from IGNOU, CISA and CIA certifications

What happened

Members of the Bank at the 88th Annual General Meeting held on September 22, 2026 approved the appointment of Mr. Tsewang Tharchin, IA&AS (DIN: 11907418) as a Rotational Director on the Board, effective September 22, 2026. The reason for change is recorded as change in designation, and the term is as a Director liable to retire by rotation.

Background of the director

• A 2007 batch officer of the Indian Audit and Accounts Service (IA&AS).
• Joined Ladakh Administration as Commissioner Secretary, Finance Department on 06/07/2026.
• Worked as Accountant General (Audit), J&K from 6th November 2025.
• Earlier Dy Accountant General in J&K (May 2010) and Sr Dy Accountant General (October 2016); handled compilation and submission of state government accounts in Punjab and held charge of accounts of UT of Chandigarh.
• Financial Advisor at the National Company Law Tribunal (NCLT), New Delhi from 2021 to 2024, then Principal Director in the office of the Comptroller and Auditor General of India.
• International audit assignments include WIPO Geneva, UN OCHA in Sudan, Indian missions in Jeddah, Riyadh and Baghdad, and IAEA funds in Geneva.
• Holds a BA from Kashmir University and a Diploma in Management from IGNOU; is a CISA and CIA.

Other disclosures

• Relationship between directors inter-se: Nil.
• He is not debarred from holding the office of Director by any SEBI order or any other such authority.

What it means for investors

This is a governance and board-composition update confirming shareholder approval of a director's position, rather than a business or financial development. It brings audit and public finance experience to the Board.

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