Meeting Details
The 105th Annual General Meeting of CSB Bank Limited was held on August 21, 2026, at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The meeting commenced at 11:00 A.M. IST and concluded at 12:50 P.M. IST, lasting 1 hour 50 minutes.
Attendance
- Total shareholders attended: 68
- Chairperson: Mr. Biswamohan Mahapatra (Non-Executive Independent Chairperson)
- All 11 directors attended virtually from various locations
- Key managerial personnel and statutory auditors also attended
Business Transacted
The following seven resolutions were passed with requisite majority through remote e-voting and e-voting during the AGM:
Ordinary Business:
1. Adoption of Audited Financial Statements for FY ended March 31, 2026 - Ordinary Resolution
- Votes in favor: 90,372,306 (100% of votes polled)
- Votes against: 12 (0% of votes polled)
2. Re-appointment of Mr. B.K. Divakara (DIN: 06439053) as Retiring Director - Ordinary Resolution
- Votes in favor: 90,362,723 (99.97% of votes polled)
- Votes against: 22,646 (0.03% of votes polled)
3. Appointment of Joint Statutory Auditors and fixation of remuneration - Ordinary Resolution
- Votes in favor: 90,385,291 (100% of votes polled)
- Votes against: 78 (0% of votes polled)
Special Business:
4. Approval for payment of remuneration to Mr. Biswamohan Mahapatra for FY 2026-27 in excess of fifty percent of total annual remuneration payable to all Non-Executive Directors - Special Resolution
- Votes in favor: 90,385,053 (100% of votes polled)
- Votes against: 316 (0% of votes polled)
5. Approval for continuing Material Related Party Transactions with FIH Mauritius Investments Ltd (promoter) - Ordinary Resolution
- Votes in favor: 45,272,353 (100% of votes polled)
- Votes against: 1,001 (0% of votes polled)
- Promoter group did not vote on this item
6. Approval for continuing Material Related Party Transactions with FIH Private Investments Ltd (wholly owned subsidiary of promoter) - Ordinary Resolution
- Votes in favor: 45,272,248 (100% of votes polled)
- Votes against: 1,006 (0% of votes polled)
- Promoter group did not vote on this item
7. Approval of CSB Bank Employee Stock Option Scheme 2026 (ESOS 2026) - Special Resolution
- Votes in favor: 86,939,622 (96.19% of votes polled)
- Votes against: 3,446,012 (3.81% of votes polled)
Financial Performance Highlights (FY 2025-26)
The Chairperson's and MD & CEO's speeches highlighted the following financial performance:
- Deposits: Increased by ₹7,384 crore to ₹44,246 crore (20% YoY growth)
- Advances: Grew by ₹8,341 crore to ₹39,848 crore (27% YoY growth)
- Total Business: ₹84,605 crore (23% YoY growth)
- Total Income: ₹5,682 crore (24% YoY growth)
- Operating Profit: ₹1,085 crore (19% YoY growth)
- Net Profit: ₹633 crore
- Capital Adequacy Ratio (CRAR): 20.66%
- Return on Assets (ROA): 1.29%
- Return on Equity (ROE): 14.44%
- Net Interest Margin (NIM): 3.76%
- Gross NPA: 1.66% (₹670 crore)
- Net NPA: 0.40% (₹158 crore)
- Provision Coverage Ratio: 86.33% (with PWO), 76.38% (without PWO)
- EPS: ₹36.50 (up from ₹34.23 in FY25)
- Book Value per Share: ₹272
- CASA Ratio: 19.96%
Voting Details
- Total shareholders on record date: 67,365
- Total shares outstanding: 173,485,827
- Total votes polled across all resolutions: Approximately 90.3 million shares (52.09-52.10% of outstanding shares)
- Scrutinizer: Mr. P.D. Vincent, Practicing Company Secretary (SVJS & Associates)
- Service Provider for e-voting: National Securities Depository Limited (NSDL)
Additional Information
- The bank successfully migrated to Oracle FLEXCUBE during FY26
- Live webcast of the AGM was facilitated and archived on the bank's website
- All audit reports were unqualified without any adverse remarks
- FIH Mauritius Investments Ltd (promoter) holds 40% paid-up capital but voting rights capped at 26% per RBI directions
- 3,540,474 equity shares held by CSB ESOS Trust do not have voting rights