Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Indian Bank

Meeting Details

The Twentieth Annual General Meeting was held on Wednesday, 17th June 2026 at 11:00 A.M. through Video Conferencing/Other Audio Visual Means (OAVM).

Attendance

  • Directors Present: Shri Shiv Bajrang Singh (Executive Director), Ms. Mini TM (Executive Director), Shri Samir Kumar, Smt. K Nikhila (Govt. Nominee Director), Shri Sanjeev Maheshwari (Shareholder Director and Chairman of Audit Committee), Shri Bhupinder Singh Bhalla (Shareholder Director and Chairman of Stakeholders Relationship Committee)
  • Government Representative: Shri Jitendra Asati, Director, Department of Financial Services, Ministry of Finance
  • Other Attendees: 80 shareholders including Authorized Representative of the Government of India
  • Chairman: Shri Binod Kumar, Managing Director & CEO of the Bank

Proposed Resolutions and Implications

Agenda Item 1: Approval of Financial Statements

Discussion, approval and adoption of the Audited Balance Sheet as at March 31, 2026, Profit and Loss account for the year ended on that date, Report of the Board of Directors, and Auditors' Report.

Agenda Item 2: Declaration of Dividend

Declaration of dividend of ₹18.25 per equity share (182.50% of paid up equity capital) for financial year 2025-26. Record date for dividend eligibility was fixed as 10th June 2026.

Agenda Item 3: Re-appointment of Executive Director

Approval of extension of tenure/re-appointment of Shri Ashutosh Choudhury, Executive Director of the Bank, for a period of three years with effect from 03.05.2026 as per Central Government Gazette Notification dated 23.04.2026.

Agenda Item 4: Capital Raising

Special resolution to raise equity capital aggregating up to ₹5,000 crore (including premium) through QIP/FPO/Rights Issue or in combination thereof in one or more tranches. The resolution seeks to enable the Bank to create, offer, issue and allot equity shares while ensuring the Government of India holds not less than 52.00% of paid up equity capital.

Voting Process and Methods

The Bank provided remote e-voting facility through Central Depository Services (India) Limited (CDSL) from 09:00 A.M. on Saturday, 13th June 2026 to 5:00 P.M. on Tuesday, 16th June 2026. Additionally, e-voting during the AGM was available for shareholders who had not cast votes during the remote e-voting period. Voting rights were reckoned as on 10th June 2026.

M/s S N Ananthasubramanian & Co., Company Secretaries, were appointed as Scrutinizer to oversee the remote e-voting process and e-voting during the AGM.

Key Voting Outcomes

Agenda Item 1: Approval of Financial Statements

  • Total Votes Cast: 128,63,98,364
  • In Favor: 125,61,06,342 votes (97.6452%)
  • Against: 3,02,92,022 votes (2.3548%)

Agenda Item 2: Declaration of Dividend

  • Total Votes Cast: 128,68,45,384
  • In Favor: 128,68,45,163 votes (100.0000%)
  • Against: 221 votes (0.0000%)

Agenda Item 3: Re-appointment of Executive Director

  • Total Votes Cast: 128,66,24,534
  • In Favor: 122,80,56,165 votes (95.4479%)
  • Against: 5,85,68,369 votes (4.5521%)

Agenda Item 4: Capital Raising

  • Total Votes Cast: 128,64,56,057
  • In Favor: 128,58,88,065 votes (99.9558%)
  • Against: 5,67,992 votes (0.0442%)

All four resolutions were passed with requisite majority - Ordinary Resolutions for Agenda Items 1, 2, and 3, and Special Resolution for Agenda Item 4.

Scrutinizer's Role and Findings

M/s S N Ananthasubramanian & Co., Company Secretaries served as Scrutinizer and submitted their report containing the voting results on all four agenda items. The scrutinizer oversaw both the remote e-voting process and e-voting during the AGM.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • Indian Bank (Shares and Meetings) Regulations, 1999
  • Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
  • Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

The Notice of AGM was published in Financial Express (English), Jansatta (Hindi), and Dinamani (Tamil) newspapers on 8th May 2026 and 25th May 2026. Soft copies of AGM Notice and Annual Report were emailed to shareholders whose email IDs were registered.

Financial Performance Highlights (Presented at AGM)

The Chairman presented key performance metrics for FY 2025-26:

  • Total Business: ₹14.95 lakh crore (12.79% YoY growth)
  • Deposits: ₹8.28 lakh crore (12.29% growth)
  • Advances: ₹6.67 lakh crore (13.43% growth)
  • Credit-Deposit Ratio: 81%
  • Net Profit: ₹12,156 crore (11% growth)
  • Operating Profit: ₹19,916 crore (5% growth)
  • Net Interest Income: ₹26,915 crore (7% growth)
  • Gross NPA: 1.98%
  • Net NPA: 0.15% (record low)
  • Provision Coverage Ratio: 98.28%
  • Capital Adequacy Ratio: 17.93%
  • Return on Assets: 1.31%
  • Return on Equity: 19.53%
  • Earnings Per Share: ₹90.24
  • Book Value Per Share: ₹3,487.23
  • Domestic Net Interest Margin: 3.36%
  • Cost of Deposits: 4.97%
  • Yield on Advances: 8.33%
  • Yield on Investments: 6.99%