---
title: "SBM Holdings Chairman Mahendra Punchoo Resigns"
description: "SBM Holdings says Mahendra Vikramdass Punchoo has resigned as Director and Chairman, effective 30 October 2026. A new chair will be named later."
canonical_url: "https://liners.com/news/sbm-holdings-chairman-mahendra-punchoo-resigns"
markdown_url: "https://liners.com/news/sbm-holdings-chairman-mahendra-punchoo-resigns.md"
type: "article"
language: "en"
published_at: "2026-10-31T09:48:27.726Z"
updated_at: "2026-10-31T09:48:29.712Z"
---

# SBM Holdings Chairman Mahendra Punchoo Resigns

SBM Holdings says Mahendra Vikramdass Punchoo has resigned as Director and Chairman, effective 30 October 2026. A new chair will be named later.

## Breadcrumbs

- [News](/news)
- [SBM Holdings Chairman Mahendra Punchoo Resigns](/news/sbm-holdings-chairman-mahendra-punchoo-resigns)

## Related articles

- [Absa Says Group Company Secretary Nadine Drutman Will Step Down](/news/absa-nadine-drutman-resignation-group-company-secretary)
- [Standard Chartered Appoints Robert Cammilleri For Fund Finance](/news/standard-chartered-robert-cammilleri-fund-finance-north-america)

## Content

## In Short
SBM Holdings has announced that Mahendra Vikramdass Punchoo has resigned as Director and Chairman of the company and applicable subsidiaries, effective 30 October 2026.

## What Happened
SBM Holdings said Mahendra Vikramdass Punchoo has stepped down from his roles as Director and Chairman.

The company said the resignation applies to SBM Holdings and applicable subsidiaries.

The change is effective 30 October 2026.

SBM Holdings said its Board will announce the appointment of a new chairman in due course.

## Why It Matters
A change in chairman can affect how a company sets priorities and makes decisions, especially at board level.

For stakeholders, the next key update will be who the Board appoints as the new chairman and when that appointment is confirmed.

For group structures, the note that the resignation covers “applicable subsidiaries” signals that the leadership change may touch more than one entity within SBM Holdings.

## Sources and products

- [SBM Group](https://www.sbmgroup.mu/newsroom/communique/sbm-holdings-ltd-communique-30102026)
- [SBM Bank](/sbm-bank)

## Related pages

- [People & Leadership](/news)

## Access and citation

- [Canonical HTML page](https://liners.com/news/sbm-holdings-chairman-mahendra-punchoo-resigns)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)