Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Date of Meeting: Monday, August 31, 2026
  • Time: 02:00 P.M. (IST)
  • Type of Meeting: 12th Annual General Meeting
  • Mode of Conduct: Conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Cut-off Date for Shareholder Eligibility: Monday, August 24, 2026

Proposed Resolutions and Implications

The AGM considered seven resolutions covering various corporate matters:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY 2025-26 with Board of Directors and Auditors reports

2. Ordinary Resolution: Adoption of Audited Consolidated Financial Statements for FY 2025-26 with Auditors report

3. Ordinary Resolution: Re-appointment of Mr. Pradeep Natarajan (DIN: 10499651) as Director who retires by rotation

4. Ordinary Resolution: Declaration of dividend on equity shares for FY 2025-26

5. Special Resolution: Approval for raising funds through issuance of Equity Securities

6. Special Resolution: Approval for issuance of Debt Securities on a Private Placement Basis

7. Special Resolution: Amendment to the Articles of Association of the Bank

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Period from Wednesday, August 26, 2026 at 09:00 A.M. (IST) to Sunday, August 30, 2026 at 05:00 P.M. (IST)
  • E-voting at AGM: Facility provided for members who did not cast votes through remote e-voting

The Bank availed the e-voting facility provided by National Securities Depository Limited (NSDL). Public advertisements were published in "Hindu Business Line" (English) and "Makkal Rural" (vernacular) newspapers on August 09, 2026.

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 8,621,709,523
  • Total Votes Polled: 5,172,480,633 (59.99% of outstanding shares)
  • Total Shareholders Voting: 3,682 members

Resolution-wise Results:

Resolution 1: Adoption of Standalone Financial Statements

  • Total Votes in Favour: 5,164,209,001 (99.84%)
  • Total Votes Against: 8,271,632 (0.16%)
  • Institutional Shareholders: 99.89% in favour
  • Non-Institutional Public: 99.64% in favour

Resolution 2: Adoption of Consolidated Financial Statements

  • Total Votes in Favour: 5,164,892,107 (99.85%)
  • Total Votes Against: 7,587,721 (0.15%)
  • Institutional Shareholders: 99.91% in favour
  • Non-Institutional Public: 99.64% in favour

Resolution 3: Re-appointment of Mr. Pradeep Natarajan

  • Total Votes in Favour: 5,336,509,813 (99.49%)
  • Total Votes Against: 27,310,020 (0.51%)
  • Institutional Shareholders: 99.47% in favour
  • Non-Institutional Public: 99.57% in favour

Resolution 4: Dividend Declaration

  • Total Votes in Favour: 5,359,201,169 (99.93%)
  • Total Votes Against: 3,874,353 (0.07%)
  • Institutional Shareholders: 100.00% in favour
  • Non-Institutional Public: 99.63% in favour

Resolution 5: Equity Fundraising

  • Total Votes in Favour: 4,649,606,684 (99.00%)
  • Total Votes Against: 46,947,682 (1.00%)
  • Institutional Shareholders: 99.00% in favour
  • Non-Institutional Public: 98.98% in favour

Resolution 6: Debt Securities Issuance

  • Total Votes in Favour: 5,359,244,846 (99.93%)
  • Total Votes Against: 3,879,531 (0.07%)
  • Institutional Shareholders: 100.00% in favour
  • Non-Institutional Public: 99.63% in favour

Resolution 7: Articles of Association Amendment

  • Total Votes in Favour: 4,470,001,971 (95.18%)
  • Total Votes Against: 226,448,742 (4.82%)
  • Institutional Shareholders: 94.89% in favour
  • Non-Institutional Public: 98.43% in favour

Scrutinizer's Role and Findings

M/s. Bhandari & Associates, Practicing Company Secretaries, were appointed as Scrutinizer with Ms. Manisha Maheshwari (Partner, FCS No.: 13272) responsible for scrutinizing the voting process. The scrutinizer:

  • Verified votes based on data from NSDL e-voting portal
  • Unblocked voting reports on August 31, 2026 after AGM conclusion in presence of witnesses Mr. Jay Shah and Ms. Sampada Indap
  • Confirmed all resolutions passed with requisite majority
  • Will hand over electronic data and records to Company Secretary for preservation

Compliance with Laws and Regulations

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI Listing Regulations
  • MCA Circulars including General Circular No. 14/2020, 17/2020, and latest Circular No. 03/2025
  • SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 for Foreign Portfolio Investors
  • SEBI Master Circular requirements

Additional Information

The document notes that due to time constraints, the Government of India may not have had opportunity to review Resolutions 5 (equity fundraising) and 7 (Articles amendment) in detail. The Bank will take further steps upon receipt of support from GoI.