CRAMCCanara Robeco Asset Management Co Ltd.

Canara Robeco Asset Management Company Limited names Chugh as director

Management change
asset management

Blacklitt Research27 October 20262 min read

Canara Robeco Asset Management Company Limited (NSE: CRAMC) has approved the appointment of Sunil Kumar Chugh as an Additional Director, it said in a filing on 27 Oct 2026. The appointment takes effect from 27 Oct 2026 and is subject to shareholder approval.

Chugh's banking career and current role

The board approved the appointment on the recommendation of the Nomination and Remuneration Committee. Chugh will serve as a non-executive, non-independent director, liable to retire by rotation.

Chugh is a Chartered Accountant and a Certified Associate of the Indian Institute of Bankers. He began his career in 1993 and has over 33 years of banking experience, serving in five public sector banks: Punjab National Bank, Oriental Bank of Commerce, Union Bank of India, Punjab & Sind Bank and Dena Bank.

He led Corporate Credit, Retail, Agri & MSME (RAM) Credit, Financial Inclusion, Stressed Assets Management and Credit Monitoring verticals, and headed large corporate branches in Mumbai, Kolkata and Ahmedabad. He has been a director of PNB Cards & Services Limited and Swift India Domestic Services Private Limited, and has been Executive Director of Canara Bank since 24 Nov 2025.

What the appointment means for Canara Robeco Asset Management Company Limited's shareholders

The appointment adds a non-executive, non-independent director to the board and is subject to shareholder approval. The board also approved a postal ballot notice seeking that approval on 27 Oct 2026.

Not stated in the filing: the postal ballot date, the outcome of the vote and any remuneration for Chugh. The next step is the shareholder vote on the postal ballot.

At a glance

Item	Detail
Director	Sunil Kumar Chugh (DIN: 08309168)
Role	Additional Director (Non-Executive Non-Independent)
Board approval	27 Oct 2026
Effective from	27 Oct 2026, subject to shareholder approval
Current role	Executive Director, Canara Bank, from 24 Nov 2025
Banking experience	Over 33 years, starting in 1993

Reference: Original filing (PDF)

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