Meeting Details

The 30th Annual General Meeting of Bank of Baroda was held on Tuesday, 23rd June 2026 at 11:00 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA and SEBI guidelines. The meeting was chaired by Dr. Debadatta Chand, MD & CEO of the Bank, and concluded at 12:52 PM.

Voting Process and Participation

The Bank provided Remote E-Voting facility to shareholders from 9:00 AM on 19th June 2026 to 5:00 PM on 22nd June 2026. The cut-off date for determining voting rights was Tuesday, 16th June 2026. National Securities Depository Limited (NSDL) served as the e-voting agency, and M/s S. N. Ananthasubramanian & Co, Practicing Company Secretaries, were appointed as Scrutinizer to oversee the voting process.

A total of 13,35,350 shareholders received the AGM notice via email on 29th May 2026, while 1,69,857 shareholders without registered email addresses received physical communication containing a web link to the Annual Report on 29th-30th May 2026.

Resolutions and Voting Results

Shareholders approved all seven resolutions presented at the AGM:

Item 1: Adoption of Financial Statements

  • Ordinary Resolution to adopt the Balance Sheet as of 31st March 2026, Profit and Loss Account for year ended 31st March 2026, Directors' Report, and Auditor's Report
  • Results: 97.45% votes in favor (457,94,84,911 votes)
  • 2.55% votes against (11,99,29,046 votes)
  • Total votes cast: 469,94,13,957 by 2,449 shareholders

Item 2: Dividend Declaration for FY2025-26

  • Ordinary Resolution to approve and declare dividend for Financial Year 2025-26
  • Results: 99.9997% votes in favor (470,27,61,478 votes)
  • 0.0003% votes against (12,172 votes)
  • Total votes cast: 470,27,73,650 by 2,459 shareholders

Item 3: Capital Plan 2026-27

  • Special Resolution to approve the Capital Plan of the Bank for Financial Year 2026-27
  • Results: 99.95% votes in favor (470,04,32,955 votes)
  • 0.05% votes against (23,40,034 votes)
  • Total votes cast: 470,27,72,989 by 2,452 shareholders

Item 4: Appointment of Shri Ashish Madhaorao More

  • Ordinary Resolution to approve appointment as Non-Executive Director
  • Results: 90.75% votes in favor (426,78,00,970 votes)
  • 9.25% votes against (43,49,71,129 votes)
  • Total votes cast: 470,27,72,099 by 2,460 shareholders

Item 5: Reappointment of Shri Lalit Tyagi

  • Ordinary Resolution to approve reappointment as Executive Director
  • Results: 91.50% votes in favor (430,32,63,806 votes)
  • 8.50% votes against (39,95,05,359 votes)
  • Total votes cast: 470,27,69,165 by 2,451 shareholders

Item 6: Reappointment of Shri Sanjay Vinayak Mudaliar

  • Ordinary Resolution to approve reappointment as Executive Director
  • Results: 91.58% votes in favor (430,66,39,554 votes)
  • 8.42% votes against (39,61,32,001 votes)
  • Total votes cast: 470,27,71,555 by 2,455 shareholders

Item 7: Reappointment of Dr. Debadatta Chand

  • Ordinary Resolution to approve reappointment as Managing Director and Chief Executive Officer
  • Results: 99.40% votes in favor (467,44,59,682 votes)
  • 0.60% votes against (2,83,11,973 votes)
  • Total votes cast: 470,27,71,655 by 2,462 shareholders

Meeting Proceedings

The Chairman highlighted the Bank's financial performance marked by growth in business, higher profits, better asset quality, and consistent dividend payouts. Registered shareholders participated in discussions and raised queries on agenda items, to which Dr. Debadatta Chand responded.