Indbank Merchant Banking 37th AGM Proceedings

Meeting Details

The 37th Annual General Meeting was held on Thursday, September 24th, 2026 at 11:30 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 11:30 AM and concluded at 12:00 Noon.

Attendance

Directors Present:

• Shri Vaijinath Gavarshetty (DIN: 08502484), Independent Director (from Virginia, USA)
• Shri V. Haribabu (DIN: 09523733), President & Whole Time Director (from registered office, Chennai)
• Shri Sunil Jain (DIN: 09665264), Nominee Director (from corporate office of Indian Bank, Chennai)
• Shri Devinder Kumar Singla (DIN: 01430327), Independent Director (from Chandigarh)
• Shri V.A. Prasanth (DIN: 07583586), Independent Director (from Chennai)
• Smt Padma R (DIN: 09112490), Independent Director (from Chennai)

Shri Ashutosh Choudhury, Nominee Director could not attend due to unavoidable official exigencies.

Other Attendees:

• Mrs. Chitra.MA, Company Secretary and Compliance Officer
• Shri. Balaji M.S, Chief Financial Officer
• Shri Baalasubramaniyan Ne, Scrutinizer of AGM - Partner of M/s GRNK & Associates, Practicing Company Secretaries, Chennai
• Shri S. Nandakumaran, representing M/s Shanmugam Rajendran & Associates LLP, Company Secretaries, Chennai - Secretarial Auditor
• Shri B Hariharan and Shri S Panindhra Datta representing M/s Anand & Ponnappan, Chartered Accountants, Chennai - Statutory Auditor

Fifty eight (58) members attended the meeting through VC.

Voting Process and Methods

The company provided facility for members to cast votes electronically by remote e-voting through Central Depository Services Limited (CDSL). Remote e-voting commenced at 9:00 AM on September 21, 2026 and ended at 5:00 PM on September 23, 2026. The company also provided facility for e-voting during the Annual General Meeting for members who had not already cast their votes by remote e-voting.

Shri Baalasubramaniyan Ne, Partner of M/s GRNK & Associates, Practicing Company Secretaries, Chennai was appointed as scrutinizer to scrutinize both remote e-voting and e-voting during the AGM in a fair and transparent manner.

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. To appoint a director in place of Shri Sunil Jain (DIN: 09665264), Nominee Director, who retires by rotation and being eligible, offers himself for re-appointment.

Meeting Proceedings

Shri V. Haribabu, President and Whole Time Director, chaired the meeting. The Notice of 37th Annual General Meeting and Annual Report were taken as read. The Independent Auditor's Report and Secretarial Auditor's Report were also taken as read as there were no qualifications in either report.

Three shareholders joined the AGM and the Chairman answered their queries. The Chairman informed shareholders that final voting results would be announced to Stock Exchanges and published on the company website www.indbankonline.com as per Listing Regulations.

Compliance Statement

The meeting was conducted in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.