Mumbai, January 24, 2025 – DCB Bank Limited (NSE: DCBBANK, BSE: 532772) has announced Shabbir Sultanali Merchant's retirement from its Board of Directors. Merchant, who served as an Independent Director, will step down effective the close of business hours on January 24, 2025, upon the completion of his term.
The announcement complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Transition and Corporate Governance
The merchant’s retirement marks a key transition for DCB Bank, which has focused on strengthening governance and leadership oversight. The bank has not yet disclosed a successor for the vacated independent director position.DCB Bank, a leading private-sector lender, continues to emphasise strategic leadership and compliance with regulatory mandates, ensuring the upholding of corporate governance standards.