Meeting Details

  • Date of Meeting: 23rd June 2026
  • Time of Meeting: 11:00 AM to 01:50 PM IST
  • Type of Meeting: 24th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) with deemed venue at Head Office, Canara Bank, 112 J C Road, Bengaluru - 560002
  • Total Shareholders: 1,554,725 shareholders as of the record date 16.06.2026
  • Attendance: 84 shareholders attended (1 from Promoter and Promoter Group, 83 from Public category)

Proposed Resolutions and Implications

The AGM considered four ordinary resolutions:

Item No. 1: To discuss, approve and adopt the Standalone and Consolidated Audited Balance Sheet of the Bank as at 31st March 2026, Profit & Loss Account for the year ended 31st March 2026, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.

Item No. 2: To declare dividend for the financial year 2025-26. The Board recommended a dividend of Rs. 4.2 per equity share (210% of face value of Rs. 2 each), payable to shareholders whose names appeared on the Register of Shareholders/Beneficial Owners as on 12th June 2026 (record date). The dividend was to be paid within 30 days from the date of declaration with TDS deduction based on RTA records.

Item No. 3: To consider and approve the appointment of Shri Sunil Kumar Chugh as Executive Director of the Bank for a period of three years with effect from November 24, 2025 to November 23, 2028. Shri Chugh is a Chartered Accountant and Certified Associate of the Indian Institute of Bankers with over three decades of banking experience across five Public Sector Banks.

Item No. 4: To consider and approve the appointment of Ms Shalini Pandit as Government Nominee Director of the Bank with effect from May 13, 2026. Ms Pandit is an Indian Administrative Service (IAS) officer of the Odisha cadre serving as Joint Secretary in the Department of Financial Services, Ministry of Finance, Government of India.

Voting Process and Methods

The voting process included:

  • Remote e-voting: Conducted from 09:00 AM on 19th June 2026 to 05:00 PM on 22nd June 2026 through KFin Technologies Limited
  • E-voting at AGM: Available for shareholders who hadn't availed remote e-voting facility
  • Scrutinizer Appointment: M/s S N Ananthasubramanian & Co., Company Secretaries were appointed as scrutinizers
  • Cut-off Date: 16th June 2026 for determining voting rights entitlement

Key Voting Outcomes

All four ordinary resolutions were passed with requisite majority:

Item No. 1 Results:

  • Total votes cast: 796,109,383 (87.77% of outstanding shares)
  • Votes in favor: 788,762,382 (99.0771%)
  • Votes against: 7,347,009 (0.9229%)

Item No. 2 Results (Dividend Declaration):

  • Total votes cast: 797,413,527 (87.91% of outstanding shares)
  • Votes in favor: 791,484,040 (99.2564%)
  • Votes against: 5,929,487 (0.7436%)

Item No. 3 Results (Executive Director Appointment):

  • Total votes cast: 797,412,914 (87.91% of outstanding shares)
  • Votes in favor: 714,851,538 (89.6463%)
  • Votes against: 82,561,376 (10.3537%)

Item No. 4 Results (Government Nominee Director Appointment):

  • Total votes cast: 797,372,406 (87.91% of outstanding shares)
  • Votes in favor: 712,223,221 (89.3213%)
  • Votes against: 85,149,185 (10.6787%)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

  • 100% participation (5,708,548,390 shares voted)
  • 100% voted in favor on all resolutions

Public Institutions:

  • 92.35-92.94% participation across resolutions
  • 96.43% in favor for financial statements
  • 97.13% in favor for dividend
  • 60.09% in favor for Executive Director appointment
  • 58.83% in favor for Government Nominee Director appointment

Public Non-Institutions:

  • 17.35-17.35% participation across resolutions
  • 99.99% in favor for financial statements and dividend
  • 99.97% in favor for Executive Director appointment
  • 99.98% in favor for Government Nominee Director appointment

Scrutinizer's Role and Findings

M/s S N Ananthasubramanian & Co. were appointed as scrutinizers to oversee the e-voting process. Their responsibilities included:

  • Ensuring fair and transparent voting process
  • Having access to details of shareholders who voted remotely (names, DP ID & Client ID/folios, number of shares) before the AGM
  • Unblocking and downloading results after e-voting at AGM concluded
  • Verifying all votes cast were valid
  • Confirming no shareholder other than Central Government held more than 10% of total voting rights
  • Submitting comprehensive scrutinizer's report dated 23rd June 2026

The scrutinizers confirmed that all four ordinary resolutions were passed with requisite majority.

Compliance with Applicable Laws and Regulations

The meeting was conducted in compliance with:

  • Ministry of Corporate Affairs (MCA)/SEBI/Government of India guidelines
  • Regulation 59 of the Canara Bank (Shares and Meetings) Regulations, 2000
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Companies Act, 2013 and relevant rules

Notice of AGM was published in Financial Express (English), Jansatta (Hindi), and Vijaykarnataka/Vijayvani (Kannada) newspapers on 15th May 2026 and 28th May 2026. The detailed notice was hosted on the Bank's website and intimated to BSE Limited and National Stock Exchange of India Limited on 27th May 2026.

Signatories and Roles

  • Shri Santosh Kumar Barik, Company Secretary of Canara Bank, signed the submission letter to exchanges
  • S N Viswanathan, Managing Partner of S N Ananthasubramanian & Co., signed the scrutinizer's report
  • Shri Brajesh Kumar Singh, MD & CEO of the Bank, chaired the meeting

Additional Financial and Operational Information

The Chairman highlighted in his address that:

  • The Bank's global business surpassed Rs. 28 Lakh Crores
  • Net Profit showed robust 12.11% year-on-year growth to Rs. 19,187 Crores (12 Months)
  • The Indian economy remained robust with real GDP growth set to touch 7.5% in FY26
  • The Indian Banking sector remained sound and resilient with continued improvement in asset quality
  • The Bank emphasized key digital initiatives and Environmental, Social & Governance (ESG) Practices