Punjab National Bank held its 25th Annual General Meeting (AGM) on Saturday, June 20, 2026, at 11:00 a.m. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting was conducted pursuant to General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs and Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated 3rd October 2024, issued by SEBI.

M/s. Ragini Chokshi & Co., Company Secretaries, was appointed as the Scrutinizer to scrutinize the remote e-voting and voting through electronic voting system during the AGM. The notice for the 25th AGM was sent to shareholders on May 27, 2026, and newspaper advertisements were published in Jansatta (Hindi) and Financial Express (English) on May 28, 2026.

The remote e-voting period commenced on Wednesday, June 17, 2026, at 9:00 a.m. (IST) and ended on Friday, June 19, 2026, at 5:00 p.m. (IST), using the facility provided by National Securities Depository Limited (NSDL). The cut-off date for determining voting rights was Saturday, June 13, 2026. The total number of shareholders as of the record date (13/06/2026) was 2,299,523.

After the conclusion of the AGM, the e-votes were unblocked using the Scrutinizer's login in the presence of two witnesses, Mr. Harshit Dave and Ms. Varsha Solanki, who are not employees of the Bank.

Voting Results

All seven resolutions proposed at the AGM were passed with the requisite majority:

Item No. 1: Ordinary Resolution

Approval of Audited Balance Sheet as at March 31, 2026, Profit and Loss Account for the year ended March 31, 2026, Directors' Report, and Auditors' Report.

  • Total valid votes cast: 10,403,060,552
  • Votes in favor: 10,239,728,474 (98.4300%)
  • Votes against: 163,332,078 (1.5700%)

Item No. 2: Ordinary Resolution

Declaration of final dividend at the rate of ₹3 per equity share (face value ₹2 each) for financial year 2025-26.

  • Total valid votes cast: 10,405,036,568
  • Votes in favor: 10,403,836,773 (99.9885%)
  • Votes against: 1,199,795 (0.0115%)

Item No. 3: Ordinary Resolution

Approval of Material Related Party Transactions with PNB Gilts Limited (Subsidiary) for outright securities transactions, money market transactions, primary subscription of securities, security arranger services to PNB NCD issues, and other transactions disclosed in financial statements.

  • Total valid votes cast: 2,349,975,510
  • Votes in favor: 2,349,933,251 (99.9982%)
  • Votes against: 42,259 (0.0018%)

Item No. 4: Ordinary Resolution

Approval of Material Related Party Transactions for Loans and Advances with PNB Housing Finance Ltd. (Associate).

  • Total valid votes cast: 2,350,904,943
  • Votes in favor: 2,349,923,518 (99.9583%)
  • Votes against: 981,425 (0.0417%)

Item No. 5: Ordinary Resolution

Appointment of Shri D. Anandan as Govt. of India Nominee Director.

  • Total valid votes cast: 10,405,030,331
  • Votes in favor: 9,743,129,895 (93.6386%)
  • Votes against: 661,900,436 (6.3614%)

Item No. 6: Ordinary Resolution

Extension of Shri M. Paramasivam as Executive Director.

  • Total valid votes cast: 10,405,030,414
  • Votes in favor: 9,884,067,203 (94.9932%)
  • Votes against: 520,963,211 (5.0068%)

Item No. 7: Ordinary Resolution

Appointment of Shri Amit Kumar Srivastava as Executive Director.

  • Total valid votes cast: 10,405,029,723
  • Votes in favor: 9,778,864,825 (93.9821%)
  • Votes against: 626,164,898 (6.0179%)

Shareholder Participation

  • Total shares outstanding: 11,492,943,268
  • Total votes polled across all items: Approximately 90.5% of outstanding shares
  • Promoter and Promoter Group: 8,054,125,685 shares (100% voted in favor on all items where they participated)
  • Public Institutional Holders: 1,829,868,295 shares (95.19% participation rate)
  • Public Non-Institutional Holders: 1,608,949,288 shares (37.85% participation rate)

Scrutinizer Details

  • Ragini Chokshi, Partner of M/s. Ragini Chokshi & Co., Company Secretaries
  • Firm Registration No.: 92897
  • Membership No.: F2390
  • CP No.: 1436
  • UDIN: F002390H000662159