HDB Financial Services Limited announced the resignation of Mr. Arijit Basu (DIN: 06907779) as the Non-Executive Independent Director & Chairman of the Company, effective January 23, 2026. Mr. Basu's resignation is due to his consideration for the position of Non-Executive Director and Chairman of a bank in India, which would create a conflict of interest with his current role at HDBFS. Consequently, he will also cease to be a Member/Chairman of the Nomination and Remuneration Committee and the Special Committee of the Board for Monitoring and Follow-up of cases of Frauds of the Company. The company expressed its sincere appreciation for Mr. Basu's advice, guidance, and support during his tenure. Mr. Basu stated that he was completing his current term in a few months and, upon being approached for the bank position, conveyed his willingness to be considered. After receiving regulatory approval for the bank appointment, he submitted his resignation to avoid any conflict of interest. He expressed confidence in HDB Financial Services' future, highlighting the company's successful IPO last year.
