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

Indian Bank

Meeting Details

  • Date: 17th June 2026
  • Time: 11:00 a.m. IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 20th Annual General Meeting
  • Chairperson: Shri Binod Kumar, Managing Director & CEO

Proposed Resolutions and Implications

Agenda Item 1: Ordinary Resolution to discuss, approve and adopt the Audited Balance Sheet as at 31st March 2026, Profit and Loss account for the year ended, Report of Board of Directors, and Auditors' Report.

Agenda Item 2: Ordinary Resolution to declare dividend on Equity Shares. The Board recommended a dividend of Rs. 18.25 per equity share (182.50% of paid-up equity capital) for FY 2025-26. Record date was fixed as 10th June 2026.

Agenda Item 3: Ordinary Resolution to approve extension of tenure/reappointment of Shri Ashutosh Choudhury, Executive Director. His tenure was extended by Central Government for three years effective from 3rd May 2026.

Agenda Item 4: Special Resolution to raise equity capital aggregating up to Rs. 5000 Crore (including premium) through QIP/FPO/Rights Issue or combination thereof in one or more tranches to fund business growth. The resolution seeks to empower the Board to undertake qualified institutions placement without seeking fresh shareholder approval.

Voting Process and Methods

  • Remote e-voting period: From 9:00 a.m. IST on Saturday, 13th June 2026 to 5:00 p.m. IST on Tuesday, 16th June 2026
  • E-voting during AGM: Available for shareholders who hadn't voted remotely
  • Voting agency: Central Depository Services (India) Limited (CDSL)
  • Cut-off date for voting rights: 10th June 2026
  • Scrutinizer: S. N. Ananthasubramanian & Co. Company Secretaries

Key Voting Outcomes

Agenda Item 1 (Ordinary Resolution)

  • Total votes cast: 1,286,398,364
  • In favor: 1,256,106,342 votes (97.6452%)
  • Against: 30,292,022 votes (2.3548%)
  • Total voters: 1,043

Agenda Item 2 (Ordinary Resolution)

  • Total votes cast: 1,286,845,384
  • In favor: 1,286,845,163 votes (100.0000%)
  • Against: 221 votes (0.0000%)
  • Total voters: 1,047

Agenda Item 3 (Ordinary Resolution)

  • Total votes cast: 1,286,624,534
  • In favor: 1,228,056,165 votes (95.4479%)
  • Against: 58,568,369 votes (4.5521%)
  • Total voters: 1,049

Agenda Item 4 (Special Resolution)

  • Total votes cast: 1,286,456,057
  • In favor: 1,285,888,065 votes (99.9558%)
  • Against: 567,992 votes (0.0442%)
  • Total voters: 1,045

Scrutinizer's Role and Findings

S. N. Ananthasubramanian & Co. was appointed as scrutinizer to ensure fair and transparent voting process. The scrutinizer had access to details of shareholders who voted remotely (names, DP ID & Client ID/folios, shareholding) but not their voting manner before the AGM. All votes were found valid, and no shareholder other than Central Government holds more than 10% of total voting rights.

Compliance with Laws and Regulations

The meeting was conducted in compliance with MCA/SEBI/GOI guidelines, Companies Act 2013, SEBI (LODR) Regulations 2015, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Nationalized Banks (Management and Miscellaneous Provisions) Scheme 1970.

Notice Dispatch and Publication

  • AGM Notice published in Financial Express (English), Jansatta (Hindi), and Dinamani (Tamil) newspapers
  • Email notice sent to 2,52,774 shareholders with registered email IDs on 23rd May 2026
  • Annual Report web link sent to 75,891 shareholders without registered email IDs
  • Notice and Annual Report available on Bank's website and filed with NSE & BSE

Additional Information

The meeting was attended by Executive Directors (Shiv Bajrang Singh, Mini T M), Government Nominee Director (Samir Kumar), RBI Nominee Director (K Nikhila), Shareholder Directors (Sanieev Maheshwari, Bhupinder Singh Bhalla), and representative from Ministry of Finance (Jitendra Asati). The meeting concluded at 14:00 Hrs.