AU Small Finance Bank Limited held its 31st Annual General Meeting (AGM) on Saturday, September 5, 2026 at 03:00 P.M. (IST) through Video Conferencing/Other Audio-Visual means. The meeting was conducted in compliance with SEBI Listing Regulations 30 and 51, and applicable MCA and SEBI circulars.
Meeting Attendance and Proceedings
The AGM was attended by 87 members. The meeting was webcast live through National Securities Depositories Limited (NSDL).
Directors and Key Managerial Personnel in attendance:
- Mr. Harun Rasid Khan, Part Time Chairman and Independent Director (Chairman of the meeting)
- Mr. Kamlesh Vikamsey, Independent Director and Chairperson of Audit Committee
- Mr. Phani Shankar, Independent Director and Chairperson of Stakeholders Relationship Committee
- Mr. Jagajit Mangal Prasad, Independent Director and Chairperson of Nomination and Remuneration Committee
- Mr. Narasinganallore Venkatesh, Independent Director
- Ms. Malini Thadani, Independent Director
- Mr. Satyajit Dwivedi, Independent Director
- Mr. Sanjay Agarwal, Founder, Managing Director & CEO
- Mr. Vivek Tripathi, Executive Director
- Mr. Uttam Tibrewal, Deputy CEO Retail Banking
- Mr. Yogesh Jain, Deputy CEO
- Mr. Gaurav Jain, Chief Financial Officer
- Mr. Manmohan Parnami, Company Secretary
Mr. Nandkumar Saravade, Independent Director, was absent due to prior commitments.
Representatives from joint statutory auditors M/s. M S K A & Associates and M/s. Mukund M Chitale & Co., secretarial auditor M/s Mehta & Mehta, and scrutinizer CS Manoj Maheshwari (Practicing Company Secretary, Membership FCS - 3355) also attended.
Voting Process
Remote e-voting commenced on Tuesday, September 1, 2026 (9:00 a.m. IST) and ended on Friday, September 4, 2026 (5:00 p.m. IST). Members who hadn't voted remotely could vote during the AGM. The combined results of e-voting along with the Scrutinizer's report will be submitted to stock exchanges by September 8, 2026.
Agenda Items Discussed
The following eight agenda items were presented for shareholder approval:
1. Ordinary Business: Adoption of Audited Financial Statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors
2. Ordinary Business: Declaration of dividend of ₹1 per equity share of ₹10 each for FY 2025-26
3. Ordinary Business: Re-appointment of Mr. Sanjay Agarwal (DIN: 00009526) as Director who retires by rotation
4. Ordinary Business: Approval of remuneration of Mr. Sanjay Agarwal (DIN: 00009526), Managing Director & CEO
5. Ordinary Business: Approval of variable pay of Mr. Uttam Tibrewal (DIN: 01024940), erstwhile Whole Time Director and Deputy CEO for FY 2025-26
6. Special Business: Approval to enhance borrowing limit of the Bank up to ₹30,000 Crore under Section 180(1)(c) of the Companies Act, 2013
7. Special Business: Approval to issue non-convertible debt securities/bonds/other permissible instruments in one or more tranches
8. Special Business: Approval to raise funds through issue of equity shares and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement or other permissible modes
Management Commentary
Mr. Harun Rasid Khan, Chairman, highlighted the bank's performance during FY 2025-26 amidst geopolitical uncertainties and global trade disruptions. He emphasized the bank's progress under its 5-S Framework: Sound Financial Parameters, Sustainability of Long-Term Value, Service Excellence for Customers, Scalable and Secured Digital Infrastructure powered by AI, and Strong Governance, Risk and Compliance Guardrails.
Mr. Sanjay Agarwal, MD & CEO, discussed the bank's journey spanning three decades and nine years as a bank. He highlighted the receipt of RBI's in-principle approval for transition to a Universal Bank as a significant milestone. He emphasized the bank's strategic vision of evolving into a technology-first institution combining artificial intelligence with human judgement, responsibility, and trust.
Shareholder Interaction
Speaker Shareholders asked questions regarding the bank's growth strategy, cybersecurity framework, customer service initiatives, branch expansion, expected timeline and implications of the transition to a Universal Bank, capital requirements and fund raising plans, asset quality, and technology and AI-led initiatives. The Chairman, MD & CEO, and Chief Financial Officer responded to these queries.
Meeting Conclusion
The meeting concluded at 5:16 P.M. (IST) after the e-voting period of 15 minutes for shareholders.
Additional Information
The statutory registers, certificates, and other documents were available for inspection on the NSDL Platform. The statutory auditor's report and secretarial auditor's report contained no qualifications or adverse remarks.
The proceedings will be available on the bank's website at https://www.au.bank.in/reports/disclosures.