Date, Location, and Type of Meeting

The approval was sought through a postal ballot process with remote e-voting; no physical meeting was held. The e-voting period commenced on Sunday, May 10, 2026, at 9:00 A.M. (IST) and concluded on Monday, June 08, 2026, at 5:00 P.M. (IST). The record date (cut-off date for determining shareholder eligibility) was Friday, May 01, 2026. The company's corporate office is in Navi Mumbai.

Summary of Proposed Resolutions and Implications

Two resolutions were proposed as Special Business:

  • Resolution 1: To approve the appointment of Mr. Sunil Satyapal Gulati (DIN: 00016990) as an Independent Director for a five-year term from March 12, 2026, to March 11, 2031.
  • Resolution 2: To approve the appointment of Mr. Alok Sethi (DIN: 00277481) as an Independent Director for a five-year term from March 12, 2026, to March 11, 2031.

The appointments aim to strengthen the Bank's corporate governance framework with experienced independent oversight.

Voting Process and Methods Used

The voting was conducted entirely through a remote e-voting process facilitated by KFin Technologies Limited. The process was governed by the Ministry of Corporate Affairs (MCA) circulars, including GC No. 14/2020, GC No. 17/2020, and the latest GC No. 03/2025, along with SEBI Listing Regulations and the Companies Act, 2013.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on the record date: 93,587
  • Total number of equity shares outstanding: 10,62,89,824
  • Total votes polled (across both resolutions): ~4.06 crore shares, representing a 38.21% turnout.

Resolution-wise Results

Resolution 1: Appointment of Mr. Sunil Satyapal Gulati

  • Total Votes Polled: 4,06,14,143
  • Votes in Favour: 4,06,08,433 (99.9859%)
  • Votes Against: 5,710 (0.0141%)
  • Result: Passed with requisite majority.

Resolution 2: Appointment of Mr. Alok Sethi

  • Total Votes Polled: 4,06,14,152
  • Votes in Favour: 4,06,08,530 (99.9862%)
  • Votes Against: 5,622 (0.0138%)
  • Result: Passed with requisite majority.

Category-wise Voting Breakdown

Promoter & Promoter Group

  • Shares Held: 2,38,96,594
  • Votes Polled: 2,38,96,594 (100% turnout)
  • Votes in Favour for both resolutions: 100%

Public Institutions

  • Shares Held: 1,55,53,145
  • Votes Polled: 94,77,310 (60.935% turnout)
  • Votes in Favour for both resolutions: 100%

Public Non-Institutions

  • Shares Held: 6,68,40,085
  • Votes Polled: ~72,40,239 (10.832% turnout)
  • Votes in Favour for Resolution 1: 72,34,529 (99.9211%)
  • Votes Against for Resolution 1: 5,710 (0.0789%)
  • Votes in Favour for Resolution 2: 72,34,626 (99.9224%)
  • Votes Against for Resolution 2: 5,622 (0.0776%)

Scrutinizer's Role, Findings, and Conclusions

Ms. Dhara Gala, a Practicing Company Secretary (ACS 61949, COP 26125), was appointed as the Scrutinizer to oversee the remote e-voting process. She submitted her report on June 09, 2026, confirming the process was conducted in a fair and transparent manner. Her report, which includes the detailed voting results, is annexed to the disclosure. She concluded that both resolutions were duly approved by the members with the requisite majority.

Confirmation of Compliance

The disclosure confirms full compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 108 and 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014.
  • Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.
  • Relevant MCA Circulars, including GC No. 14/2020, GC No. 17/2020, and GC No. 03/2025.

The results and the scrutinizer's report are being disclosed to the stock exchanges and made available on the Bank's website and the website of KFin Technologies Limited.

Names and Roles of Signatories

  • Krishna Kant Chaturvedi, Company Secretary & Compliance Officer, signed the main disclosure and annexures.
  • Baskar Babu Ramachandran, Managing Director & Chief Executive Officer (DIN: 02303132), countersigned the Scrutinizer's Report.
  • Ms. Dhara Gala, Practicing Company Secretary, signed the Scrutinizer's Report.

Additional Information: Director Profiles

The disclosure includes brief profiles of the newly appointed directors (Annexure C):

  • Mr. Sunil Satyapal Gulati is an experienced professional with over three decades in banking, currently serving on several boards including SBI Mutual Fund Trustee Company. He holds a B.Tech from IIT Delhi and is an IIM Ahmedabad gold medalist. He holds 22,000 equity shares in the Bank.
  • Mr. Alok Sethi is a former Executive Vice President at Franklin Templeton with extensive experience in global asset management operations and technology. He is a Chartered Accountant and holds a B.Com (Hons) from Delhi University. He holds 20,000 equity shares in the Bank.