Fino Payments Bank Ltd reappoints Mrs. Deena Mehta as additional director

Pursuant to the recommendation of Nomination and Remuneration Committee, the Board of Directors (the "Board") of Fino Payments Bank Limited (the "Bank") at its meeting held today i.e. Sunday, March 16, 2025 has considered and approved the re-appointment of Mrs. Deena Mehta (DIN: 00168992) as an Additional Director to hold office upto the date of ensuing Annual General Meeting in the capacity of a Non-Executive Independent Director of the Bank for the second term for a period of 3 (three) consecutive years, i.e., from March 19, 2025 to March 18, 2028, not liable to retire by rotation, subject to approval of Shareholders.

4Mrs. Deena Mehta is not debarred from holding the office of a director, by virtue of any order of SEBI or any other such authority.

Mrs. Mehta has spent 4 decades In Capital markets. Mrs. Deena Mehta is a qualified Chartered Accountant, has a post graduate diploma in Securities Law and Master in Management Studies, specializing in finance. Mrs. Mehta has been associated with several reforms in Capital Market including setting up of BOLT system at BSE, setting up Central Depository Service, stream lining of Clearing Corporation BOISL. She has been on BSE Board for 9 years and served as Vice President and President of the Exchange. Mrs. Mehta has served on several SEBI committees for the past 21 years since SEBl's inception and contributed to various reforms undertaken by SEBI. Mrs. Mehta is a founder member of SAFE, Association of Stock Exchanges of SAARC countries.

Mrs. Mehta has delivered over 1,000 lectures at Investors meets in about 450 districts or India and at Education Institutions including IIM, Ahmedabad and national Institute of Securities market. Over 100 articles on various topics relating to Capital Market have been published by her in leading economic dailies as well as regional language papers. Several organizations have awarded her for the contribution to Capital Markets including Jaycees International as Outstanding Young Person. IMC for contribution to Banking and Finance and Zee Business for contribution to capital markets. Recently, Mrs. Mehta is given Lifetime Achievement Award by Institute of Chartered Accountants of India.

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 222.60 as compared to the previous close of Rs. 231.05. The total number of shares traded during the day was 8716 in over 663 trades.

The stock hit an intraday high of Rs. 232.70 and intraday low of 220.70. The net turnover during the day was Rs. 1969285.00.

Source : Equity Bulls

Keywords

FinoPaymentsBank Reappointment AdditionalDirector NonExecutive IndependentDirector