Meeting Details

The 23rd Annual General Meeting was held on Tuesday, 30th June 2026 at 11:00 AM through Video Conference/Other Audio-Visual Means. The meeting was attended by 102 members including 01 authorized representative of the Government of India. Shri Nidhu Saxena, Managing Director & CEO, chaired the meeting in the absence of the Non-Executive Chairman.

Resolutions Passed

All four agenda items were passed by shareholders with requisite majority:

Agenda Item 1: Approval of Audited Financial Statements for FY 2025-26

  • Passed as Ordinary Resolution with 99.9929% votes in favor
  • Total votes cast: 702,565,3557 across 1,285 shareholders

Agenda Item 2: Declaration of Final Dividend for FY 2025-26

  • Final dividend of ₹1.20 per equity share recommended by Board on 20th April 2026
  • This is in addition to interim dividend of ₹1.00 per equity share declared on 13th January 2026 and paid during the financial year
  • Passed as Ordinary Resolution with 100% votes in favor
  • Total votes cast: 702,649,6414 across 1,289 shareholders

Agenda Item 3: Appointment of Shri Sushanta Kumar Mohanty as Executive Director

  • Passed as Ordinary Resolution with 95.8555% votes in favor
  • Total votes cast: 702,603,9021 across 1,284 shareholders
  • 4.1445% votes (29,119,4430 votes from 221 shareholders) against the resolution

Agenda Item 4: Raising of Equity Capital up to ₹7,500 Crore

  • To be raised through various modes including preferential allotment to GOI/LIC/FIs, Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), Rights Issue, ESPS Issues, Basel III Additional Tier I Bonds, and/or Tier II Bonds
  • Purpose: To meet CRAR requirement under Basel III as per extant SEBI Guidelines
  • Passed as Special Resolution with 99.9732% votes in favor
  • Total votes cast: 702,605,1238 across 1,288 shareholders
  • 0.0268% votes (18,82,180 votes from 44 shareholders) against the resolution

Voting Process

  • Remote e-voting was conducted from 25th June 2026 (9:00 AM) to 29th June 2026 (5:00 PM) through CDSL platform
  • Cut-off date for voting rights: 23rd June 2026
  • M/s. S.N. Ananthasubramanian & Co., Company Secretaries, were appointed as Scrutinizer
  • Notice of AGM was emailed to 8,30,859 shareholders and physical communication sent to 72,641 shareholders
  • Advertisement published in Financial Express (English), Loksatta (Marathi), and Jansatta (Hindi) on 6th June 2026

Financial Impact

The capital raising of up to ₹7,500 crore is intended to meet CRAR requirements under Basel III norms. The dividend declaration represents a cash outflow to shareholders.