Bank Of India has informed the Exchange about Shareholders meeting
BANKINDIA · price
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Bank of India held its 29th AGM on June 27, 2025 via video conferencing, chaired by Non-Executive Chairman Shri M. R. Kumar, with 94 shareholders attending (including a Government of India representative holding 73.38% stake). All three ordinary resolutions were passed with overwhelming majority: (1) approval of the audited financial statements for FY25 with 99.86% votes in favor, (2) declaration of a dividend of Rs. 4.05 (40.50%) per equity share for FY2024-25 passed with 99.88% support, and (3) appointment of M/s Sawant & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30) passed with 99.9987% support. Promoter (Government of India) voted 100% in favor on all resolutions; public institutions polled ~94.8% of their holdings.
Shareholders have approved a Rs. 4.05 per share dividend for FY25, which is a direct cash return; with overwhelming voting support (above 99.8% on all items), this is a routine procedural outcome with no negative governance signals and likely neutral-to-positive short-term sentiment.