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

IndusInd Bank Limited

Meeting Details

  • Date and Time: The 32nd AGM was held on Thursday, August 27, 2026, at 2:00 p.m. IST.
  • Location: The meeting was conducted entirely through Video Conference (VC)/Other Audio-Visual Means (OAVM).
  • Type of Meeting: Annual General Meeting.
  • Chairman: Mr. Arijit Basu, Chairman of the Board, chaired the meeting.
  • Quorum: The requisite quorum as required under the Companies Act, 2013, was present.
  • Members Attending: 82 members attended the meeting.

Attendees

Directors Present:

  • Mr. Arijit Basu - Non-Executive Independent Director, Part-time Chairman
  • Mr. Rajiv Agarwal - Non-Executive Independent Director
  • Mrs. Bhavna Doshi - Non-Executive Independent Director
  • Mr. L. V. Prabhakar - Non-Executive Independent Director
  • Mr. Rakesh Bhatia - Non-Executive Independent Director
  • Mr. Nilesh Vikamsey - Non-Executive Independent Director
  • Mr. Ravindra Garikipati - Non-Executive Independent Director
  • Mrs. Mini Ipe - Non-Executive Independent Director
  • Mr. Sudip Basu - Non-Executive, Non-Independent Director
  • Mr. Rajiv Anand - Managing Director & CEO
  • Mr. Ganesh Sankaran - Executive Director
  • Mr. Jagdeep Mallareddy - Executive Director

Officials Present:

  • Mr. Viral Damania - Chief Financial Officer
  • Mr. Anand Kumar Das - Company Secretary

Other Attendees:

  • Mr. Vineet Saxena and Mr. Hardik Yampat - Representatives of M/s Chokshi & Chokshi LLP, Joint Statutory Auditors
  • Mr. Brijmohan Agarwal, Mr. Mehul Shah, and Mr. Devang Vaghani - Representatives of M/s. Borkar & Muzumdar, Joint Statutory Auditors
  • Mr. Alwyn D'souza - Representative of M/s Alwyn Jay & Co, Practising Company Secretaries, Secretarial Auditor

Proposed Resolutions and Implications

The following business items were transacted as per the Notice of the 32nd AGM:

Ordinary Business:

1. Receipt, consideration, and adoption of Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of dividend at the rate of ₹1.50 per equity share of ₹10 each, fully paid, for FY ended March 31, 2026 (Ordinary Resolution)

3. Re-appointment of Mr. Sudip Basu (DIN: 09743986) as a Director who retires by rotation (Ordinary Resolution)

4. Approval of payment of remuneration of Joint Statutory Auditors for FY 2026-27 (Ordinary Resolution)

Special Business:

5. Issue of Long-Term Bonds/Debt Securities on Private Placement Basis (Special Resolution)

6. Augmentation of capital through further issue or placement of securities including American Depository Receipts, Global Depository Receipts, Qualified Institutional Placement, etc. (Special Resolution)

7. Revision in remuneration payable to Mr. Rajiv Anand (DIN: 02541753), Managing Director & CEO, effective April 1, 2026 (Ordinary Resolution)

8. Appointment of Mr. Ganesh Sankaran (DIN: 07580955) as Executive Director and payment of remuneration (Ordinary Resolution)

9. Appointment of Mr. Jagdeep Mallareddy (DIN: 07492539) as Executive Director and payment of remuneration (Ordinary Resolution)

10. Appointment of Ms. Mini Ipe (DIN: 07791184) as Non-Executive Independent Director (Special Resolution)

Voting Process and Methods

The voting process was conducted as follows:

  • Remote e-Voting Period: Monday, August 24, 2026, at 9:00 a.m. to Wednesday, August 26, 2026, at 5:00 p.m. (3 days)
  • Electronic Voting at AGM: Available during the meeting for members who had not voted via remote e-voting
  • Scrutinizer Appointment: Mr. Alwyn D'souza of M/s Alwyn Jay & Co, Practising Company Secretaries, was appointed as Scrutinizer to scrutinize the remote e-voting process and electronic voting at the AGM
  • Post-Meeting Voting: The e-voting facility remained available during the meeting and for 30 minutes after its conclusion

Compliance and Documentation

The Chairman confirmed compliance with various regulatory requirements:

  • The Register of Directors and Key Managerial Personnel, Register of Contracts or Arrangements, and required certificates were made available for inspection during the AGM
  • The Report of Secretarial Auditor for FY 2025-26 contained no qualifications
  • The Auditors' Report was unqualified
  • The Consolidated Report on voting results will be announced within two working days from the conclusion of the AGM, placed at the Registered Office, Corporate Office, Secretarial & Investor Services Cell, and hosted on the Bank's website and NSDL website, and communicated to BSE and NSE

Meeting Proceedings

The meeting included:

  • Introduction of directors and officials
  • Explanation of voting procedures
  • Opportunity for members to raise observations and seek clarifications
  • Responses from the Chairman and Managing Director & CEO to member queries
  • The meeting concluded at 4:42 p.m. IST