IndusInd Bank Limited (INDUSINDBK) — Board Meeting | 29 August 2025(3 announcements)

IndusInd Bank's shareholders approved the appointment of Mr. Rajiv Anand as Managing Director & Chief Executive Officer at the 31st AGM on August 29, 2025, effective immediately. His three-year tenure runs through August 24, 2028. Anand brings significant experience as former Deputy Managing Director at Axis Bank, where he led wholesale banking and digital initiatives. He is a qualified Chartered Accountant with prior roles in retail banking, capital markets, and asset management leadership.

IndusInd Bank's shareholders approved the appointment of M/s. Borkar & Muzumdar, Chartered Accountants, as joint statutory auditor at the 31st AGM on August 29, 2025, effective until the 34th AGM. The firm replaces M/s M S K A & Associates after their three-year tenure concluded. Borkar & Muzumdar brings 75+ years of experience with 18 partners and 230+ staff across 10 Indian states, subject to annual RBI approval.

IndusInd Bank held its 31st Annual General Meeting on August 29, 2025, with 276 members in attendance and full director participation. Shareholders approved nine resolutions including adoption of audited financial statements for FY 2024-25, re-appointment of director Sudip Basu, appointment of new Joint Statutory Auditor M/s. Borkar & Muzumdar, and special resolutions for long-term bond issuance, capital augmentation through securities placement, and articles amendment. Managing Director Rajiv Anand's appointment was also approved. Voting occurred via remote e-voting (August 26-28) and on-site tablets.