Punjab & Sind Bank 16th AGM Approves FY26 Results, Dividend

Meeting Details

Date: Tuesday, 28th July, 2026
Time: 11:00 AM to 12:30 PM (IST)
Location/Deemed Venue: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue was Punjab & Sind Bank, Head Office, 21, Rajendra Place, New Delhi-110 008.
Type of Meeting: 16th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered two ordinary resolutions:

1. Agenda Item No. 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.

2. Agenda Item No. 2: To declare a dividend for the Financial Year 2025-26. The Board of Directors had recommended a dividend at the rate of ₹0.39 per Equity Share (3.90% of face value). The dividend was to be paid to shareholders on the register as of the record date, 21st July 2026, within 30 days from the AGM date.

Voting Process and Methods

The voting process was conducted in compliance with SEBI LODR Regulations and the Companies (Management and Administration) Rules, 2014.

Remote E-Voting: Facility was provided through Central Depository Services (India) Limited (CDSL) from 10:00 a.m. on 24th July 2026 till 5:00 p.m. on 27th July 2026.
E-Voting at AGM: Facility was provided during the meeting for shareholders who had not voted remotely.
Scrutinizer Appointment: M/s S N Ananthasubramanian & Co, Company Secretaries, were appointed to oversee the entire voting process.

Key Voting Outcomes

Agenda Item No. 1: Adoption of Financial Statements

| Assent | 293 | 676,36,21,832 | 13 | 34,163 | 306 | 676,36,55,995 | 99.9044 |

| Dissent | 25 | 64,71,532 | 1 | 1 | 26 | 64,71,533 | 0.0956 |

| Total | 318 | 677,00,93,364 | 14 | 34,164 | 332 | 677,01,27,528 | 100.0000 |

The resolution was passed with requisite majority.

Agenda Item No. 2: Declaration of Dividend

| Assent | 295 | 676,51,04,489 | 13 | 34,163 | 308 | 676,51,38,652 | 99.9263 |

| Dissent | 23 | 49,88,875 | 1 | 1 | 24 | 49,88,876 | 0.0737 |

| Total | 318 | 677,00,93,364 | 14 | 34,164 | 332 | 677,01,27,528 | 100.0000 |

The resolution was passed with requisite majority.

Scrutinizer's Role and Findings

The Scrutinizer, S. N. Ananthasubramanian & Co., was responsible for ensuring a fair and transparent voting process.
They had access to details of shareholders who voted remotely (names, DP ID/Client ID/folios, shareholding) before the AGM to prevent duplicate voting.
The cut-off date for determining voting rights was 21st July 2026.
The Scrutinizer confirmed that all votes cast were valid and that no shareholder other than the Central Government held more than 10% of voting rights, making voting restriction provisions inapplicable.
The final consolidated report confirmed the passing of both resolutions.

Compliance Confirmation

The document confirms compliance with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30 and 44)
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
Companies (Management and Administration) Rules, 2014
Punjab & Sind Bank (Shares & Meetings) Regulations, 2008

Additional Information

The notice of the AGM was published in Business Standard (Hindi and English) on 7th July 2026 and dispatched via email to 2,13,722 shareholders on 6th July 2026.
77 shareholders attended the AGM virtually.
31 shareholders made observations/suggestions and raised queries during the meeting.
The consolidated voting results were uploaded to the bank's website and the websites of BSE and NSE.