Meeting Details

The 99th Annual General Meeting was held on Wednesday, September 23, 2026 at 11:00 A.M IST through Video Conferencing. The meeting was conducted in compliance with the Companies Act, 2013 and relevant rules, along with circulars issued by the Ministry of Corporate Affairs (dated April 08, 2020; April 13, 2020; May 05, 2020; January 13, 2021; December 08, 2021; December 14, 2021; May 05, 2022; December 28, 2022; September 25, 2023; September 19, 2024; September 22, 2025) and SEBI circulars (dated May 12, 2020; January 15, 2021; May 13, 2022; January 05, 2023; October 07, 2023; October 03, 2024; June 05, 2025; July 11, 2025; January 30, 2026).

Attendees

Directors Present:

  • Shri. K. N. Madhusoodanan, Chairman (from Thrissur)
  • Shri. Ajith Kumar K. K., Managing Director & CEO (from Thrissur)
  • Shri. P. Suriaraj, Executive Director (from Thrissur)
  • Shri. G. Rajagopalan Nair, Independent Director (from Thiruvanathapuram)
  • Dr. Nirmala Padmanabhan, Independent Director (from Emakulam)
  • Ms. Vardhini Kalyanaraman, Independent Director (from Chennai)
  • Dr. Jineesh Nath C. K., Director (from Koottanad)
  • Shri. Ashutosh Khajuria, Independent Director (from Jammu)
  • Shri. T.V. Rao, Additional Director (from Hyderabad)

Auditors and Officials:

  • Joint Central Statutory Auditors: Shri. B. Srinivasa Rao and Ms. B. Aruna from M/s. Sagar & Associates; Shri. Mukesh K. P., Shri. Joshy Daniel Kottaram and Shri. Thomas Kevin from M/s. Abraham & Jose
  • Secretarial Auditor: Shri. M. Vasudevan (from Thrissur)
  • Scrutinizer: Shri. V. Suresh and Shri. Udaya Kumar K.R from M/s. V. Suresh Associates, Practicing Company Secretaries (from Chennai)

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the Bank's Audited Balance Sheet as at March 31, 2026 and the Profit & Loss Account for the year ended on that date together with the reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. To appoint a Director in the place of Dr. Jineesh Nath C. K. (DIN: 01476775) who retires by rotation under section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment (Ordinary Resolution)

3. To appoint Joint Statutory Central Auditors of the Bank (Ordinary Resolution)

Special Business:

4. To Authorize the Board of Directors to appoint and fix remuneration of branch auditors (Ordinary resolution)

5. To Appoint Sri. Raj an TX (DIN: 08990301) as Independent Director of the Bank (Special Resolution)

6. To Appoint Sri. T.V Rao (DIN: 11878881) as Independent Director of the Bank (Special Resolution)

7. To Approve the 'Dhanlaxmi Bank Limited Employee Stock Option Plan 2025' (Special Resolution)

Voting Process

The Bank provided electronic voting facilities for all resolutions. Members who had not voted during the remote e-voting period could vote during the meeting through the e-voting system ("insta poll") provided by KFin Technologies Limited. The e-voting was open for 15 minutes during the meeting for these members.

Shri V. Suresh, Senior Partner, M/s. V Suresh Associates, Practising Company Secretaries, was appointed as Scrutinizer to supervise the e-voting process. There was no voting by show of hands and no facility for appointment of proxies.

Participation Statistics

  • 76 Shareholders were present in the Meeting through Video Conferencing
  • 14 Members had registered as Speaker Shareholders, of which only 4 were present
  • The meeting commenced at 11:00 A.M and concluded at 11:48 A.M

Compliance Statement

The meeting was conducted in compliance with all applicable provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and relevant circulars from MCA and SEBI regarding conduct of general meetings through video conferencing.