Company Name and Scrip Code

Meeting Details

Type of Meeting: 30th Annual General Meeting (AGM)

Date: Monday, 15th June, 2026

Time: 11:00 A.M. IST to 12:15 P.M. IST

Mode: Conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM)

Deemed Venue: Head Office of the Bank at Star House, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Summary of Proposed Resolutions and Implications

The AGM agenda included three ordinary resolutions:

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 the Auditors' Report. This is a standard annual requirement for approval of financial statements.

2. To declare dividend for the year 2025-26 @ Rs.4.65 (46.50%) per equity share. This resolution proposed a cash distribution to shareholders.

3. To approve the appointment of Shri Pramod Kumar Dwibedi as Executive Director of the Bank. This resolution concerned a key management appointment.

Voting Process and Methods

Remote E-Voting Agency: National Securities Depository Limited (NSDL)

Remote E-Voting Period: From 09:00 a.m. on Friday, 12th June 2026 to 05:00 p.m. on Sunday, 14th June 2026

Scrutinizer: M/s. S. N. Ananthasubramanian & Co., Practising Company Secretaries (S. N. Viswanathan, FCS, was the managing partner overseeing the process).

Voting at AGM: Shareholders who had not voted remotely were able to cast their vote electronically during the meeting. The voting facility remained open for 15 minutes after the meeting concluded.

Cut-off Date for Voting Rights: Monday, 8th June 2026

Key Voting Outcomes

Based on the Scrutinizer's Report, all three resolutions were passed with the requisite majority. The consolidated results are as follows:

Item No. 1: Adoption of Accounts

  • Total Votes Cast: 875
  • Total Shares Voted: 4,21,87,29,080
  • Votes in Favor: 977 votes representing 4,16,67,42,166 shares (98.7677% of votes cast)
  • Votes Against: 78 votes representing 5,19,86,914 shares (1.2323% of votes cast)

Item No. 2: Declaration of Dividend (@ Rs. 4.65 per share)

  • Total Votes Cast: 877
  • Total Shares Voted: 22,03,08,32,474
  • Votes in Favor: 837 votes representing 4,21,38,20,493 shares (99.8446% of votes cast)
  • Votes Against: 40 votes representing 68,31,55,781 shares (0.1554% of votes cast)

Item No. 3: Appointment of Shri Pramod Kumar Dwibedi as Executive Director

  • Total Votes Cast: 880
  • Total Shares Voted: 4,22,03,68,068
  • Votes in Favor: 629 votes representing 4,00,36,60,758 shares (94.86245% of votes cast)
  • Votes Against: 251 votes representing 21,67,07,310 shares (5.1348% of votes cast)

Category-Wise Voting Breakdown (From Attached Disclosure)

The detailed disclosure provides a breakdown by promoter/public and voting mode:

  • Promoter & Promoter Group: Held 33,40,86,17,200 shares. 100% of their voted shares (33,40,86,17,200) were cast in favor of all resolutions via remote e-voting.
  • Public - Institutions: Held 9,39,99,16,665 shares. 93.32% of their holding (87,72,22,788 shares) was voted. 94.07% of their votes were in favor of Resolution 1, and 99.25% were in favor of Resolution 2.
  • Public - Non-Institutions: Held 27,18,18,14,481 shares. 0.24% of their holding (6,44,572 shares) was voted. 99.89% of their votes were in favor of Resolution 1, and 99.82% were in favor of Resolution 2.
  • Overall Turnout: 92.66% of the total outstanding shares were voted.

Scrutinizer's Role and Findings

M/s. S. N. Ananthasubramanian & Co. was appointed to oversee the entire e-voting process (remote and at the AGM). Their responsibilities included:

  • Ensuring no shareholder voted twice.
  • Receiving details of shareholders who voted remotely from NSDL before the AGM started (names, DP ID/folios, shares held, but not their vote choice).
  • Unblocking and consolidating the results from both remote and AGM voting after the meeting.
  • Scrutinizing all votes and certifying them as valid.
  • Preparing and signing the consolidated Scrutinizer's Report, confirming the passage of all resolutions.

The Scrutinizer confirmed that all votes cast were valid and that the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, regarding restriction of voting rights were not triggered.

Compliance with Laws and Regulations

The disclosure confirms compliance with:

  • SEBI (LODR) Regulations, 2015, specifically Regulation 44.
  • The Companies (Management and Administration) Rules, 2014.
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA) for holding meetings through VC/OAVM.
  • The Bank of India (Shares and Meetings) Regulations, 2007.

The notice of the AGM was dispatched via email and post, published in newspapers (Business Standard - English & Hindi, Jansatta), and uploaded on the websites of NSE, BSE, NSDL, and the Bank.

Attendees and Proceedings

The meeting was chaired by Shri M. R. Kumar, Non-Executive Chairman. It was attended by 64 shareholders, including 1 Authorised Representative of the Government of India (Shri Jnanatosh Roy, Under Secretary, Ministry of Finance) and 8 Directors of the Bank. The Chairpersons of key Board Committees, representatives of Statutory Auditors, and senior bank officials were also present. The Managing Director & CEO presented highlights of the Bank's achievements for 2025-26. Nine shareholders spoke during the meeting, and their queries were addressed by the Managing Director & CEO.