Shareholders Approve Appointment of Two Directors at 26th AGM

At the 26th AGM held on 29th September, 2026, members approved two board appointments.

Tue 29 Sep 2026

Independent Director Appointment

Mrs. Aparna Sudip Kumar as Non-Executive & Independent Director for 2 consecutive years, from 11th August, 2026 to 10th August, 2028

Independent Director Experience

Over 30 years of IT experience, including CIO roles at a multinational bank and a PSU bank

Whole-time Director Appointment

Mr. Bakthavatsalu Kannan as Whole-time Director, classified as KMP and Senior Management, for 2 years effective 24th August, 2026

Whole-time Director Experience

Over 31 years of banking experience

AGM Date

26th AGM held on 29th September, 2026

What was approved

At the 26th Annual General Meeting held on 29th September, 2026 via video conference, members approved two director appointments, recommended earlier by the Nomination & Remuneration Committee and the Board.

Independent Director

• Mrs. Aparna Sudip Kumar appointed as Non-Executive & Independent Director.
• Term: 2 consecutive years from 11th August, 2026 up to 10th August, 2028.
• Background: B.Sc (Hons) in Electronics, PG Diploma in Computer Applications, PGP MAX-MBA from ISB; over 30 years of experience in Information Technology, with leadership roles in multinational IT consulting and banking; served as Chief Information Officer at a multinational bank and a PSU bank.
• She is not related to any director of the company and is not debarred from holding office by any SEBI or other order.

Whole-time Director

• Mr. Bakthavatsalu Kannan, General Manager of Repco Bank (the promoter), appointed as Whole-time Director, classified as Key Managerial Personnel and Senior Management.
• Term: 2 years effective 24th August, 2026, or co-terminus with his deputation from Repco Bank to Repco Home Finance Limited; liable to retire by rotation.
• He is the Whole-time Director & Chief Development Officer of the company. Bachelor's in Physics, Master's in Social Work, Diploma in Information Systems Audit, Certified Associate of the Indian Institute of Bankers, with over 31 years of experience in banking.
• He is not related to any director of the company and is not debarred from holding office.
• The update notes that Mr. C. Thangaraju and Mr. E. Santhanam serve as directors on the Boards of both Repco Bank and Repco Home Finance Limited.

What it means for investors

These are governance-level changes that formalise, through shareholder approval, appointments effective from August 2026. The independent director brings technology and banking leadership experience, while the whole-time director comes on deputation from the promoter bank, continuing the promoter's operational involvement in the company's management.

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