Indian Overseas Bank 26th AGM Notice and Resolutions

Agenda Item 1: To discuss, approve and adopt:

Audited Standalone and Consolidated Balance Sheet as of March 31, 2026
Standalone and Consolidated Profit and Loss Account and Cash Flow Statement for year ended March 31, 2026
Report of Board of Directors on working and activities of the Bank
Auditors' Report on Balance Sheet and Accounts

Agenda Item 2: To raise equity share capital up to ₹5,000 crores (including share premium)

Modes: Follow-on Public Offer/Rights Issue/Qualified Institutional Placements/ESPS/Preferential issue to LIC and other insurance companies/Mutual Funds/QIBs or any combination
Tranches: One or more tranches during Financial Year 2026-27
Share face value: ₹10 per share
Government holding: Central Government to maintain at least 52% of paid-up equity capital
Approvals required: RBI, Government of India, SEBI, and other regulatory authorities
QIP details: Maximum 5% discount on floor price, allotment only to QIBs, completion within 12 months from resolution date

Agenda Item 3: Appropriation of accumulated losses from Share Premium Account

Accumulated losses as on 31.03.2026: ₹8,733.34 crore (₹87,33,34,22,563.02)
Share Premium Account balance: ₹9,636.50 crore (₹96,36,50,05,532.04)
Amount to be utilized: ₹8,733.34 crore from Share Premium Account to set off accumulated losses
Regulatory basis: Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 3(2BBA) and Banking Regulation Act, 1949 Section 17(2)
Reporting requirement: Report to RBI within 21 days of appropriation
Impact: No change to equity capital structure or shareholding pattern; book value per share remains unchanged

Agenda Item 4: Extension of tenure of Shri Ajay Kumar Srivastava, Managing Director & CEO

Current term: Expired on 31st December 2025
Extension period: 1st January 2026 to 8th October 2027 (completion of 10-year tenure)
Government approval: Gazette Notification eF. No. 4/3/2024 BO.I dated 8th September 2025
Experience: Joined IOB as Executive Director on 9th October 2017, became MD & CEO on 1st January 2023
Shareholding: Holds 8,182 equity shares in IOB
Other directorships: Director on board of Universal Sompo General Insurance Company Limited

E-voting agency: Central Depository Services (India) Limited (CDSL)
Scrutinizer: R. Sridharan of R Sridharan & Associates, Company Secretaries
VC/OAVM capacity: 1,000 shareholders on first-come-first-served basis (excludes large shareholders, promoters, directors, etc.)
Speaker registration: 26th June to 2nd July 2026 for shareholders wishing to speak at AGM
Query submission deadline: 2nd July 2026 for written questions

RTA: Cameo Corporate Services Limited
Address: Subramanian Building, V Floor, No.1 Club House Road, Chennai – 600 002
Online investor portal: https://wisdom.cameoindia.com/
Investor email: investor@iob.bank.in

No physical attendance required at AGM due to MCA and SEBI circulars
No proxy appointments allowed for this AGM
Dematerialization of physical shares encouraged as per SEBI mandate
Shareholders must update email and mobile numbers with Depository Participants for e-voting access