Meeting Details

  • Date and Time: Saturday, 20th June, 2026 at 11:00 a.m. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Type of Meeting: 25th Annual General Meeting
  • Cut-off Date for Eligibility: Saturday, 13th June, 2026
  • Record Date for Dividend: Saturday, 13th June, 2026
  • Book Closure Period: Sunday, 14th June, 2026 to Saturday, 20th June, 2026 (both days inclusive)

Proposed Resolutions and Implications

Ordinary Business

Item No. 1: To discuss, approve and adopt the Audited Balance Sheet as at 31st March 2026, Profit and Loss Account for the year ended 31st March 2026, Report of the Board of Directors, and Auditor's Report.

Item No. 2: To declare final dividend at the rate of ₹3 per equity share of Face Value of ₹2 each for the financial year 2025-26.

Special Business

Item No. 3: To consider and approve Material Related Party Transactions with PNB Gilts Limited (Subsidiary) for outright securities transactions, money market transactions, primary subscription of securities, security arranger services to PNB NCD issues, and other transactions disclosed in financial statements.

  • Transaction Value: Not exceeding ₹10,000 Crores
  • Materiality Threshold: ₹3,000 Crores + 2.5% of Annual Consolidated Total Income above ₹40,000 Crores or ₹5,000 Crores, whichever is lower
  • Previous Transactions (FY 2025-26): Security buy - ₹4,406.92 Crores, Security sell - ₹834.70 Crores
  • Period: From 25th AGM till 26th AGM in 2027 (not exceeding 15 months)

Item No. 4: To consider and approve Material Related Party Transactions with PNB Housing Finance Ltd. (Associate) for Loans and Advances including Term Loans, Line of Credit, Overdraft, etc.

  • Transaction Value: Not exceeding ₹7,100 Crores
  • Materiality Threshold: Same as Item No. 3
  • Previous Transactions (FY 2025-26): Renewal of OD/WCDL/FCL - ₹2,000 Crores, Term Loan (Fresh) - ₹1,000 Crores
  • Period: From 25th AGM till 26th AGM in 2027 (not exceeding 15 months)

Item No. 5: To consider and approve the appointment of Shri D. Anandan as Govt. of India Nominee Director

  • Appointment Date: 24th July, 2025 till further orders
  • Notification: eF.No. 6/2(iii)/2022-BO.I dated 24th July, 2025
  • Profile: IAS Officer (2000 Batch, Sikkim Cadre), Additional Secretary, Department of Expenditure, Ministry of Finance
  • Qualifications: Cost and Management Accountant, Masters in Commerce
  • Shareholding: Nil

Item No. 6: To consider and approve the extension of Shri M. Paramasivam as Executive Director

  • Extension Period: From 30th November, 2025 till 31st March, 2027 (superannuation date) or until further orders
  • Notification: eF.No.4/4(vi)/2024-BO.I dated 15th September, 2025
  • Profile: Agriculture graduate, 32 years banking experience in Canara Bank
  • Shareholding: 25 Shares

Item No. 7: To consider and approve the appointment of Shri Amit Kumar Srivastava as Executive Director

  • Appointment Period: 24th November, 2025 for three years until 23rd November, 2028 or until further orders
  • Notification: eF.No. 4/4(i)/2024-BO.I dated 24th November, 2025
  • Profile: 31 years banking experience, former Group Chief Risk Officer of PNB
  • Qualifications: Master's in Science, PG Diploma in Treasury & Forex Management, SCR certification
  • Shareholding: 4,400 Shares

Voting Process and Methods

  • Remote E-Voting Period: Wednesday, 17th June, 2026 (09:00 a.m. IST) to Friday, 19th June, 2026 (05:00 p.m. IST)
  • Service Provider: National Securities Depository Limited (NSDL)
  • E-Voting During AGM: Available for shareholders present through VC/OAVM who haven't voted remotely
  • Voting Methods:
  • Individual shareholders in demat mode: Through DP account using OTP or IDeAS login
  • Other shareholders: Through NSDL e-Voting website using User ID and password
  • Physical shareholders: Using EVEN number followed by Folio number

Key Voting Outcomes and Participation

  • Scrutinizer: M/s Ragini Chokshi & Co., Company Secretaries
  • Scrutinizer's Report: To be submitted within two working days of AGM conclusion
  • Results Declaration: Forthwith on stock exchange websites, NSDL, and Bank's website after scrutinizer's report
  • Voting Restrictions: Related parties cannot vote on Items 3 and 4 (Material RPTs)

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
  • Companies Act, 2013 and relevant rules
  • MCA Circulars regarding virtual meetings
  • Income-tax Act, 1961 (as amended by Finance Act, 2020) for TDS on dividend

Additional Financial and Procedural Information

Dividend Information

  • Final Dividend: ₹3 per equity share of ₹2 face value
  • Payment Date: Within 30 days from declaration
  • Payment Mode: Electronic only (as per SEBI LODR Regulation 12)
  • TDS Applicability: 10% for residents (20% if PAN not provided), treaty rates for non-residents
  • Unclaimed Dividend: Transferred to IEPF after 7 years

Share Transfer to IEPF

  • Shares with unclaimed dividend for 7+ years transferred to IEPF on 19.03.2026
  • Previous notices published in Jansatta (Hindi) and Financial Express (English) on 14th November, 2025

Important Instructions for Shareholders

  • Speaker Registration: Required for speaking during AGM via https://vcnow.live/portal/event/pnb-speaker-registration (open from 10th June to 15th June, 2026)
  • Document Submission: Board resolutions/authority letters for institutional shareholders to be sent to scrutinizer at mail@csraginichokshi.com
  • KYC Compliance: Mandatory for dividend payment and service requests
  • Dematerialization: Encouraged for all physical shareholdings

Tax Deduction at Source on Dividend

Detailed instructions provided for:

  • Resident shareholders (including exemptions for insurance companies, AIFs, etc.)
  • Non-resident shareholders ( treaty benefits, TRC requirements)
  • Documentation requirements for lower/Nil TDS
  • Deadline for document submission: 13th June, 2026