Meeting Details

  • Date of Meeting: Saturday, September 5, 2026
  • Time: 03:00 P.M. IST
  • Location/Format: Conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Type of Meeting: 31st Annual General Meeting
  • Total Shareholders on Record Date: 165,616
  • Shareholders Attended Meeting:
  • Promoters and Promoter Group: 2
  • Public: 85

Summary of Proposed Resolutions and Implications

Eight resolutions were put to vote, all of which were passed with requisite majority:

1. Ordinary Resolution: To adopt the Audited Financial Statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Ordinary Resolution: To declare a dividend of ₹1 per equity share (face value ₹10 each) for FY 2025-26.

3. Ordinary Resolution: To reappoint Mr. Sanjay Agarwal (DIN: 00009526) as Director, who retired by rotation.

4. Ordinary Resolution: To approve the remuneration of Mr. Sanjay Agarwal, Managing Director & CEO.

5. Ordinary Resolution: To approve variable pay of Mr. Uttam Tibrewal (DIN: 01024940), erstwhile Whole Time Director and Deputy CEO (currently Deputy CEO) for FY 2025-26.

6. Special Resolution: To enhance the borrowing limit of the Bank up to ₹30,000 Crore under Section 180(1)(c) of the Companies Act, 2013.

7. Special Resolution: To issue non-convertible debt securities/bonds/other permissible instruments in one or more tranches.

8. Special Resolution: To raise funds through issue of equity shares and/or any other instruments or securities representing equity shares and/or convertible securities linked to equity shares, including through Qualified Institutions Placement or other permissible modes.

Voting Process and Methods

  • Voting Methods: Remote e-voting and e-voting at the AGM were conducted pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Remote E-voting Period: Tuesday, September 1, 2026 at 9:00 A.M. to Friday, September 4, 2026 at 5:00 P.M.
  • Service Provider: National Securities Depository Limited (NSDL) provided the e-voting platform at https://www.evoting.nsdl.com.
  • Scrutinizer: Mr. Manoj Maheshwari (M. No.: FCS 3355 | C.P. No. 1971), Partner of V. M. & Associates Company Secretaries, was appointed scrutinizer for the remote e-voting and e-voting at the AGM.
  • Notice Dispatch: The notice of AGM was dispatched via email to 160,827 members and via physical letter with web-link to 5,530 members whose email IDs were not available.
  • Advertisement: An advertisement was published in Business Standard (English) and a Hindi daily on July 30, 2026, and again on August 14, 2026, as required.

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 750,578,096
  • Total Votes Polled (Across All Resolutions): Approximately 619-620 million shares (82.57-82.70% of outstanding shares)
  • Voting Breakdown by Category:
  • Promoter and Promoter Group: 170,298,412 shares (100% voted in favor across all resolutions)
  • Public Institutions: 517,214,766 shares held (~83% participation rate)
  • Public Non-Institutions: 63,064,918 shares held (~31.78% participation rate)

Resolution-wise Results

Item 1: Adoption of Financial Statements
  • Total Votes Polled: 619,737,223 shares (82.5680%)
  • In Favor: 618,329,703 shares (99.7729%)
  • Against: 1,407,520 shares (0.2271%)
Item 2: Dividend Declaration
  • Total Votes Polled: 620,747,856 shares (82.7026%)
  • In Favor: 620,747,681 shares (100.0000%)
  • Against: 175 shares (0.0000%)
Item 3: Reappointment of Mr. Sanjay Agarwal
  • Total Votes Polled: 619,809,668 shares (82.5776%)
  • In Favor: 597,868,140 shares (96.4600%)
  • Against: 21,941,528 shares (3.5400%)
Item 4: Remuneration of Mr. Sanjay Agarwal
  • Total Votes Polled: 619,809,579 shares (82.5776%)
  • In Favor: 614,571,323 shares (99.1549%)
  • Against: 5,238,256 shares (0.8451%)
Item 5: Variable Pay of Mr. Uttam Tibrewal
  • Total Votes Polled: 619,809,669 shares (82.5776%)
  • In Favor: 615,859,566 shares (99.3627%)
  • Against: 3,950,103 shares (0.6373%)
Item 6: Borrowing Limit Enhancement
  • Total Votes Polled: 619,809,669 shares (82.5776%)
  • In Favor: 619,809,114 shares (99.9999%)
  • Against: 555 shares (0.0001%)
Item 7: Issue of Debt Securities
  • Total Votes Polled: 619,809,669 shares (82.5776%)
  • In Favor: 619,809,347 shares (99.9999%)
  • Against: 322 shares (0.0001%)
Item 8: Fundraising via Equity Issuance
  • Total Votes Polled: 619,809,669 shares (82.5776%)
  • In Favor: 618,598,211 shares (99.8045%)
  • Against: 1,211,458 shares (0.1955%)

Scrutinizer's Role and Findings

  • Mr. Manoj Maheshwari was appointed scrutinizer by the Chairman of the Bank meeting held on July 25, 2026.
  • The scrutinizer verified that the e-voting process was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, and MCA rules.
  • The scrutinizer confirmed that there were no cases of shareholders voting both through remote e-voting and at the AGM.
  • Invalid votes were not taken into account for percentage calculations.
  • All resolutions were deemed passed as on the date of the AGM (September 5, 2026).
  • The electronic data and records were handed over to the Company Secretary for preservation.

Compliance Confirmation

  • The meeting and voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI LODR Regulations, 2015.
  • The notice of AGM was dispatched in compliance with Regulation 36(1)(a) and (b) of SEBI LODR Regulations.
  • Advertisements were published as required by MCA General Circular No. 03/2025 and earlier circulars.

Additional Information

  • Cut-off Date for Notice Dispatch: August 7, 2026 (166,357 shareholders)
  • Cut-off Date for Voting Eligibility: August 29, 2026
  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)