Key Resolutions and Voting Results

All four resolutions proposed in the postal ballot notice dated September 23, 2026 were passed by shareholders through remote e-voting with requisite majority. The cut-off date for determining voting eligibility was September 25, 2026. The remote e-voting period ran from October 7, 2026 (9:00 AM IST) to November 5, 2026 (5:00 PM IST).

Resolution 1: Re-appointment of CH SS Mallikarjunarao as Independent Director (Special Resolution)

  • Voted in favor: 3,596 members casting 251,25,93,812 votes (97.5266% of valid votes)
  • Voted against: 268 members casting 6,37,23,386 votes (2.4734% of valid votes)
  • Invalid votes: None

Resolution 2: Re-appointment of Munish Sharda as Executive Director (Ordinary Resolution)

  • Voted in favor: 3,535 members casting 249,49,57,260 votes (96.9184% of valid votes)
  • Voted against: 321 members casting 7,93,28,879 votes (3.0816% of valid votes)
  • Invalid votes: None

Resolution 3: Appointment of K. S. Giridhar as Non-Executive Nominee Director (Ordinary Resolution)

  • Voted in favor: 3,505 members casting 2,47,33,70,096 votes (96.0144% of valid votes)
  • Voted against: 349 members casting 10,26,70,363 votes (3.9856% of valid votes)
  • Invalid votes: None

Resolution 4: Appointment of Arvind Subramanian as Independent Director (Special Resolution)

  • Voted in favor: 3,701 members casting 2,56,82,96,108 votes (99.7588% of valid votes)
  • Voted against: 140 members casting 62,09,748 votes (0.2412% of valid votes)
  • Invalid votes: None

Scrutinizer Details

The postal ballot process was scrutinized by CS K.V.S. Subramanyam (FCS No. 5400, CP No. 4815), Senior Partner of Ahalada Rao V. & Associates, Company Secretaries, Hyderabad. He was appointed by the Bank's Board on September 23, 2026. The scrutinizer confirmed that the remote e-voting process was conducted in a fair and transparent manner and that all resolutions were passed with requisite majority.

Shareholding and Voting Participation

  • Total shareholders on record date: 897,667
  • Total outstanding shares: 311,35,73,654
  • Total votes polled across all resolutions: Approximately 82.7% of outstanding shares
  • Promoter group holding: 24,48,60,645 shares (100% participation in voting)
  • Public institutions holding: 257,11,79,500 shares (approximately 89.4% participation)
  • Public non-institutions holding: 297,53,3,509 shares (approximately 10.35% participation)

Additional Information

The results exclude details of abstained votes. There were no invalid votes cast on any resolution. All relevant records of remote e-voting are in the scrutinizer's custody and will be handed over to the Company Secretary of the Bank.