UCO Bank: Part-time Non-Official Director Shri Subhash Shankar Malik Ceases to be Director on Completion of Tenure
Shri Subhash Shankar Malik has ceased to be a Part-time Non-Official Director on the Board of UCO Bank upon completion of his three-year tenure. His cessation was effective May 7, 2026. The change is due to the completion of his term.
The departure of a part-time non-official director upon completion of tenure is a standard corporate event and is unlikely to have a significant impact on the bank's operations or financial performance.
The announcement is a routine update regarding the completion of a director's tenure and does not contain any information that would positively or negatively impact the company's outlook.
UCO Bank has informed the stock exchanges about a change in the composition of its Board of Directors. Shri Subhash Shankar Malik, who was appointed as a Part-time Non-Official Director, has ceased to be a Director upon completion of his tenure.
Shri Malik's appointment was for a period of three years, effective from May 8, 2023, under section 9(3)(h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. His cessation from the board was effective at the close of business hours on May 7, 2026.
The bank has provided the required details as per SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, stating that the reason for the change is the completion of his term.
What to do with a filing like this
UCO Bank filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by UCO Bank. Read the original for the full detail.