Meeting Details

  • Date: Wednesday, August 19, 2026
  • Time: 10:30 AM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the audited standalone and consolidated financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Director Re-appointment: To appoint Mr. Shivakumar Dega (DIN: 00364444) who retires by rotation and offers himself for re-appointment as Non-Executive and Non-Independent Director (Nominee of Verventa Holdings Limited).

3. Auditor Appointment: To appoint M/s. MSKA & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 105047W/W101187) as Joint Statutory Auditor for 3 years at an aggregate fee of ₹4 crore per annum, replacing M/s. G. M. Kapadia & Co.

Special Business

4. Related Party Transaction with SBI: Approval for material RPTs with State Bank of India up to ₹25,000 crore covering bank guarantees, treasury transactions, borrowing arrangements, and other banking facilities.

5. Related Party Transaction with SMBC: Approval for material RPTs with Sumitomo Mitsui Banking Corporation up to ₹25,200 crore covering treasury operations, correspondent banking, custodial services, and borrowing arrangements.

6. Equity Fundraising: Special resolution to raise up to ₹7,500 crore through issuance of equity securities including QIP, FPO, ADRs, GDRs, or other permissible instruments, subject to 10% aggregate dilution cap.

7. Debt Fundraising: Special resolution to raise up to ₹8,500 crore through issuance of debt securities including bonds, NCDs, AT1 bonds, Tier 2 bonds, subject to 10% aggregate dilution cap.

Voting Process and Methods

  • Remote e-voting period: Commences on August 16, 2026 (10:00 AM) and ends on August 18, 2026 (5:00 PM)
  • Voting at AGM: Electronic voting facility available during the meeting
  • Cut-off date: August 12, 2026 for determining voting rights
  • Scrutinizer: Ms. Manisha Maheshwari of M/s. Bhandari & Associates appointed to scrutinize the voting process
  • Results declaration: Within 2 working days of AGM conclusion

Key Voting Outcomes

  • Total votes cast: To be determined after meeting
  • Percentage in favor/against: To be determined after meeting
  • Participation breakdown: To be provided by scrutinizer's report

Compliance Confirmation

The Bank confirms compliance with applicable laws including Companies Act, 2013, SEBI LODR Regulations, 2015, Banking Regulation Act, 1949, and relevant RBI guidelines. All required disclosures and explanatory statements have been provided as per regulatory requirements.

Additional Information

  • The Integrated Annual Report for FY 2025-26 is available on the Bank's website and stock exchange portals
  • Physical copies available on request to shareholders
  • Special window open until February 4, 2027 for transfer and dematerialization of physical shares sold/purchased prior to April 1, 2019
  • Register of Directors and contracts available for electronic inspection by members