Meeting Details

The 22nd Annual General Meeting of IDBI Bank was held on July 21, 2026 at 11:00 AM exclusively through Video Conferencing/Other Audio-Video Means as permitted by the Ministry of Corporate Affairs (MCA) and Securities Exchange Board of India (SEBI).

Leadership Context

Following the unfortunate demise of Shri T. N. Manoharan, Chairman of the Bank during FY 2025-26, the office of Chairman became vacant. Pursuant to Article 89 of the Articles of Association, the Board of Directors chose Shri Sanjay G. Kallapur, Independent Director, to act as Chairman for the 22nd AGM.

Quorum and Procedures

The requisite quorum for the meeting was present in terms of Section 103 of the Companies Act, 2013 read with Article 87 of the Articles of Association. The Register of Directors and Key Managerial Personnel and their shareholding were placed online for inspection of Members as required under Section 171(b) of the Companies Act, 2013.

Voting Process

IDBI Bank provided e-voting facility to Members in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The 22nd AGM Notice was dated June 12, 2026 and dispatched by email on June 25, 2026. Remote e-voting was available from Friday, July 17, 2026 at 9:00 AM (IST) to Monday, July 20, 2026 at 5:00 PM (IST). Members who had not cast votes through remote e-voting could vote during the AGM through e-voting facility kept open till 15 minutes after conclusion of the AGM.

Scrutinizer Appointment

The Bank appointed Ms. Aparna Gadgil of M/s. S.N Ananthasubramanian & Co., Practising Company Secretaries, as Scrutinizer to scrutinize votes cast at the meeting and through remote electronic voting.

Shareholder Participation

Total 42 members spoke at the AGM and raised queries on various subjects relating to performance of the Bank and/or business to be transacted. MD & CEO Shri Rakesh Sharma replied to queries in detail, provided clarifications, noted suggestions, and thanked members for their interest.

Resolutions Passed

All six proposals contained in the 22nd AGM Notice were duly passed on July 21, 2026:

  • Resolution 1: Adoption of Audited Standalone and Consolidated Financial Statements for year ended March 31, 2026 along with Reports of Board of Directors and Auditors - Passed as Ordinary Resolution
  • Resolution 2: Re-appointment of Shri Sumit Phakka (DIN: 08259618) as Rotational Director during his tenure as Deputy Managing Director - Passed as Ordinary Resolution
  • Resolution 3: Appointment of Shri Abhijit Chakravorty (DIN: 09494533) as Independent Director for two years effective May 19, 2026 - Passed as Special Resolution
  • Resolution 4: Appointment of Shri Ketan Vikamsey (DIN: 00282877) as Independent Director for two years effective June 26, 2026 - Passed as Special Resolution
  • Resolution 5: Re-appointment of Shri Jayakumar S. Pillai (DIN: 10041362) as Deputy Managing Director for one year effective June 12, 2026 - Passed as Ordinary Resolution
  • Resolution 6: Approval of Material Related Party Transactions with LIC Mutual Fund (LICMF) - Passed as Ordinary Resolution

Meeting Conclusion

The AGM concluded at 2:00 PM on July 21, 2026. Chairman conveyed thanks to Members and participants for their cooperation.

Auditor Reports

The Chairman confirmed there were no qualifications, observations or comments in the Statutory Auditors' Report or Secretarial Auditors' Report for FY 2025-26 on financial transactions or matters affecting Bank's functioning.