Nature of the Event

Proceedings of the 98th Annual General Meeting (AGM) of The South Indian Bank Limited held on August 20, 2026, pursuant to Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Meeting Details

The 98th AGM was held on Thursday, August 20, 2026 at 11:00 AM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting concluded at 12:50 PM IST. 188 shareholders attended the meeting through video conferencing.

Key Quantitative Figures

  • Dividend declared: ₹0.45 per equity share of ₹1 each (45%) for financial year ended March 31, 2026
  • Fund raising approval: Up to ₹1,000 Crores (Rupees One Thousand Crores Only) through Tier-II bonds/debentures/securities
  • Total number of shareholders on record date (August 13, 2026): 1,238,348
  • Total outstanding shares: 2,618,186,210

Dates of Action

  • Record date for voting: August 13, 2026
  • Remote e-voting period: August 16, 2026 (10:00 AM) to August 19, 2026 (5:00 PM)
  • AGM date: August 20, 2026
  • Scrutinizer report date: August 20, 2026

Parties Involved

Directors Present:

  • Sri. Jose Joseph Kattoor, Non-Executive Part-time Chairman (Independent Director)
  • Sri. P R Seshadri, Managing Director & CEO
  • Sri. M George Korah, Non-Executive Independent Director
  • Sri. Paul Antony, Non-Executive Director
  • Sri. R A Sankara Narayanan, Non-Executive Independent Director
  • Sri. Benny P Thomas, Non-Executive Director
  • Smt. Lakshmi Ramakrishna Srinivas, Non-Executive Independent Director
  • Sri. Dolphy Jose, Executive Director
  • Sri. Thomson Thomas, Non-Executive Independent Director

Leave of Absence: Sri. Pradeep M Godbole, Non-Executive Independent Director

Scrutinizer: Sri. Vincent P D, Practicing Company Secretary (SVJS & Associates)

Service Provider: National Securities Depository Limited (NSDL)

RTA: MUFG Intime India Pvt. Ltd

Resolutions Passed

All seven resolutions were passed with requisite majority:

1. Ordinary Resolution: Adoption of standalone and consolidated financial statements, audit reports and director's reports for year ended March 31, 2026

  • Votes in favor: 1,108,871,762 (100% of votes cast)
  • Votes against: 19,644 (0% of votes cast)

2. Ordinary Resolution: Declaration of dividend of ₹0.45 per equity share (45%) for FY 2025-26

  • Votes in favor: 1,115,241,741 (100% of votes cast)
  • Votes against: 13,158 (0% of votes cast)

3. Ordinary Resolution: Re-appointment of Sri. Dolphy Jose (DIN: 10682246) as director retiring by rotation

  • Votes in favor: 1,103,389,158 (98.94% of votes cast)
  • Votes against: 11,863,106 (1.06% of votes cast)

4. Ordinary Resolution: Fixing remuneration payable to Joint Statutory Auditors

  • Votes in favor: 1,110,594,231 (99.58% of votes cast)
  • Votes against: 4,656,738 (0.42% of votes cast)

5. Ordinary Resolution: Appointment of Sri. Mahesh Muralidhar Pai (DIN: 09164982) as Director and Managing Director & CEO

  • Votes in favor: 1,105,522,050 (99.13% of votes cast)
  • Votes against: 9,730,219 (0.87% of votes cast)

6. Special Resolution: Re-appointment of Smt. Lakshmi Ramakrishna Srinivas (DIN: 10365580) as Independent Director

  • Votes in favor: 1,016,520,398 (91.15% of votes cast)
  • Votes against: 98,731,684 (8.85% of votes cast)

7. Special Resolution: Raising funds by issue of Tier-II bonds/debentures/securities on private placement basis up to ₹1,000 Crores

  • Votes in favor: 1,115,207,952 (100% of votes cast)
  • Votes against: 40,438 (0% of votes cast)

Voting Process

The voting process included remote e-voting from August 16-19, 2026 and e-voting during the AGM. The scrutinizer unblocked the votes on August 20, 2026 at 1:26 PM. The results were required to be disclosed to stock exchanges and on the bank's website within two working days.

Additional Information

The Register of Directors and Key Managerial Personnel, and the Register of Contracts or Arrangements were made available electronically for inspection by members. A certificate from Secretarial Auditors regarding ESOS implementation was placed before the AGM.