Meeting Details

The 32nd Annual General Meeting of IndusInd Bank Limited was held on Thursday, August 27, 2026, at 2:00 PM IST through video conferencing, concluding at 4:42 PM IST. The meeting transacted all businesses mentioned in the Notice of 32nd AGM dated August 4, 2026.

Voting Process and Scrutinizer Details

The e-voting facility was provided by National Securities Depository Limited (NSDL). Remote e-voting commenced on Monday, August 24, 2026, at 9:00 AM and ended on Wednesday, August 26, 2026, at 5:00 PM. Electronic voting was also conducted during the AGM for members present through VC who had not participated in remote e-voting.

Mr. Alwyn D'souza of M/s Alwyn Jay & Co., Company Secretaries (Firm Registration No: P2010MH021500) was appointed as scrutinizer by the Board of Directors on August 3, 2026. Votes were unblocked from the NSDL e-voting website on August 27, 2026, at approximately 5:15 PM IST in the presence of two independent witnesses: Mr. Edlon Dsouza and Mr. Krishnakant Adagale.

Record Date and Shareholding

Record date for voting eligibility: Friday, August 21, 2026

Total number of shareholders on record date: 559,887

Number of shareholders attended through video conferencing: 82 (all public shareholders)

Total outstanding shares: 77,91,40,552 equity shares

Promoter & Promoter Group holding: 11,75,16,010 shares (15.08%)

Public Institutions holding: 53,26,21,057 shares (68.35%)

Public Non-Institutions holding: 12,90,03,485 shares (16.57%)

Resolution-wise Voting Results

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

Description: To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Bank for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors' and Auditors' thereon.

Result: PASSED

  • Total votes polled: 58,05,98,607 shares (74.5178% of outstanding shares)
  • Votes in favor: 57,84,81,955 shares (99.6354% of votes polled)
  • Votes against: 21,16,652 shares (0.3646% of votes polled)
  • Invalid votes: Nil

Resolution 2: Ordinary Resolution - Dividend Declaration

Description: To declare dividend at the rate of Rs. 1.50 per equity share of Rs. 10 each of the Bank, fully paid, for the Financial Year ended March 31, 2026.

Result: PASSED

  • Total votes polled: 58,09,51,839 shares (74.5632% of outstanding shares)
  • Votes in favor: 58,09,48,211 shares (99.9994% of votes polled)
  • Votes against: 3,628 shares (0.0006% of votes polled)
  • Invalid votes: Nil

Resolution 3: Ordinary Resolution - Re-appointment of Director

Description: To re-appoint Mr. Sudip Basu (DIN: 09743986) as a Director who retires by rotation and being eligible has offered himself for re-appointment.

Result: PASSED

  • Total votes polled: 58,09,27,805 shares (74.5601% of outstanding shares)
  • Votes in favor: 55,96,45,110 shares (96.3364% of votes polled)
  • Votes against: 2,12,82,695 shares (3.6636% of votes polled)
  • Invalid votes: Nil

Resolution 4: Ordinary Resolution - Auditor Remuneration

Description: To approve payment of remuneration of the Joint Statutory Auditors of the Bank for the Financial Year 2026-27.

Result: PASSED

  • Total votes polled: 58,09,27,961 shares (74.5601% of outstanding shares)
  • Votes in favor: 58,09,20,251 shares (99.9987% of votes polled)
  • Votes against: 7,710 shares (0.0013% of votes polled)
  • Invalid votes: Nil

Resolution 5: Special Resolution - Long-Term Bonds Issuance

Description: Issue of Long-Term Bonds / Debt Securities on Private Placement Basis.

Result: PASSED

  • Total votes polled: 58,09,27,841 shares (74.5601% of outstanding shares)
  • Votes in favor: 58,09,23,212 shares (99.9992% of votes polled)
  • Votes against: 4,629 shares (0.0008% of votes polled)
  • Invalid votes: Nil

Resolution 6: Special Resolution - Capital Augmentation

Description: Augmentation of capital through further issue or placement of securities including American Depository Receipts, Global Depository Receipts, Qualified Institutional Placement, etc.

Result: PASSED

  • Total votes polled: 58,09,27,805 shares (74.5601% of outstanding shares)
  • Votes in favor: 56,89,18,321 shares (97.9327% of votes polled)
  • Votes against: 1,20,09,484 shares (2.0673% of votes polled)
  • Invalid votes: Nil

Resolution 7: Ordinary Resolution - MD & CEO Remuneration Revision

Description: Revision in the remuneration payable to Mr. Rajiv Anand (DIN: 02541753), Managing Director & Chief Executive Officer (MD & CEO) of the Bank with effect from April 1, 2026.

Result: PASSED

  • Total votes polled: 58,09,09,821 shares (74.5578% of outstanding shares)
  • Votes in favor: 57,38,48,703 shares (98.7845% of votes polled)
  • Votes against: 70,61,118 shares (1.2155% of votes polled)
  • Invalid votes: Nil

Resolution 8: Ordinary Resolution - Executive Director Appointment

Description: Appointment of Mr. Ganesh Sankaran (DIN: 07580955) as an Executive Director (Whole-time Director) of the Bank and payment of remuneration.

Result: PASSED

  • Total votes polled: 58,09,27,841 shares (74.5601% of outstanding shares)
  • Votes in favor: 56,99,41,816 shares (98.1089% of votes polled)
  • Votes against: 1,09,86,025 shares (1.8911% of votes polled)
  • Invalid votes: Nil

Resolution 9: Ordinary Resolution - Executive Director Appointment

Description: Appointment of Mr. Jagdeep Mallareddy (DIN: 07492539) as an Executive Director (Whole-time Director) of the Bank and payment of remuneration.

Result: PASSED

  • Total votes polled: 58,09,27,576 shares (74.56% of outstanding shares)
  • Votes in favor: 56,99,23,328 shares (98.1057% of votes polled)
  • Votes against: 1,10,04,248 shares (1.8943% of votes polled)
  • Invalid votes: Nil

Resolution 10: Special Resolution - Independent Director Appointment

Description: Appointment of Mrs. Mini Ipe (DIN: 07791184) as the Non-Executive Independent Director of the Bank.

Result: PASSED

  • Total votes polled: 58,05,07,427 shares (74.5061% of outstanding shares)
  • Votes in favor: 58,04,95,298 shares (99.9979% of votes polled)
  • Votes against: 12,129 shares (0.0021% of votes polled)
  • Invalid votes: Nil

Overall Result

All ten resolutions proposed at the 32nd Annual General Meeting were deemed to have been passed on Thursday, August 27, 2026, with the requisite majority as required under the Companies Act, 2013 and SEBI Listing Regulations.

Additional Information

The scrutinizer's report and consolidated e-voting results are hosted on the Bank's website at www.indusind.bank.in. All relevant records of electronic voting will remain in the scrutinizer's safe custody until the Chairman considers, approves and signs the Minutes of the AGM.