Meeting Details

The 27th Annual General Meeting was held on June 25, 2026, from 04:00 PM to 04:34 PM IST through Video Conferencing/Other Audio-Visual means. The registered office of the Bank served as the deemed venue for the AGM.

Proposed Resolutions and Implications

The AGM considered seven ordinary resolutions:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Declaration of final dividend on equity shares for FY 2025-26

3. Re-appointment of Mr. Balbir Singh (DIN: 02284941) as Nominee Director

4. Appointment and fixation of remuneration of Statutory Auditors

5. Approval of remuneration of Mr. Sarvjit Singh Samra (DIN: 00477444) as MD & CEO effective April 1, 2026

6. Approval of remuneration of Mr. Munish Jain (DIN: 10132430) as Whole-time Director designated as Executive Director effective April 1, 2026

7. Approval of remuneration of Non-executive directors

Voting Process and Methods

The voting process utilized remote e-voting and e-voting during the AGM. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) served as the service provider for e-voting facilities. The remote e-voting period was from June 22, 2026 (9:00 AM IST) to June 24, 2026 (5:00 PM IST). The cut-off date for determining voting eligibility was June 18, 2026, with 64,471 shareholders on record.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 22,864,600 (99.994%) in favor, 1,469 (0.006%) against
  • 475 members voted in favor, 7 members voted against
  • 2 members abstained/declared invalid with 3,017,359 votes

Resolution 2: Final Dividend Declaration

  • Total votes cast: 25,885,044 (100.00%) in favor, 84 (0.000%) against
  • 478 members voted in favor, 3 members voted against
  • No invalid/abstained votes

Resolution 3: Re-appointment of Mr. Balbir Singh

  • Total votes cast: 22,394,560 (91.284%) in favor, 2,138,323 (8.716%) against
  • 465 members voted in favor, 19 members voted against
  • 2 members abstained/declared invalid with 1,352,277 votes

Resolution 4: Appointment of Statutory Auditors

  • Total votes cast: 24,532,152 (99.997%) in favor, 731 (0.003%) against
  • 476 members voted in favor, 7 members voted against
  • 1 member abstained/declared invalid with 1,352,245 votes

Resolution 5: Remuneration of Mr. Sarvjit Singh Samra

  • Total votes cast: 22,414,603 (99.992%) in favor, 1,903 (0.008%) against
  • 475 members voted in favor, 10 members voted against
  • 3 members abstained/declared invalid with 3,468,622 votes

Resolution 6: Remuneration of Mr. Munish Jain

  • Total votes cast: 24,337,059 (99.993%) in favor, 1,711 (0.007%) against
  • 472 members voted in favor, 10 members voted against
  • 3 members declared invalid with 1,546,358 votes

Resolution 7: Remuneration of Non-executive Directors

  • Total votes cast: 24,526,940 (99.994%) in favor, 1,511 (0.006%) against
  • 472 members voted in favor, 10 members voted against
  • 2 members abstained/declared invalid with 1,356,677 votes

Participation Breakdown

  • Total shareholders on record date: 64,471
  • Promoters and promoter group present through VC: 1
  • Public shareholders present through VC: 181
  • Promoter and promoter group shares: 8,314,528
  • Public institution shares: 12,759,463
  • Public non-institution shares: 24,391,194
  • Total outstanding shares: 45,465,185

Scrutinizer's Role and Findings

Bunny Sehgal of B. Sehgal and Associates, Practising Company Secretaries, was appointed as Scrutinizer by the Board of Directors on April 29, 2026. The scrutinizer unblocked the votes on June 25, 2026, in the presence of witnesses Ms. Jyoti and Mr. Lakshay Bhola. All electronic data and relevant records of e-voting remain in the scrutinizer's custody until the Chairman approves and signs the minutes of the AGM.

Compliance Confirmation

The voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and various MCA circulars including General Circular No. 14/2020, 17/2020, 20/2020, 02/2022, 10/2022, 09/2023, 09/2024, and 03/2025.