Canara Bank has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on September 25, 2025
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Canara Bank has announced an Extraordinary General Meeting (EGM) on Thursday, September 25, 2025, at 11:00 a.m. via video conferencing. The sole agenda is the election of one Shareholder Director from among shareholders other than the Central Government, under Section 9(3)(i) of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. The elected director will hold office up to November 29, 2027. The cut-off date for eligibility to nominate, contest, and vote is August 22, 2025, with the last date for submission of nominations set as September 10, 2025. Remote e-voting will be open from September 22 to September 24, 2025.
This is a routine governance process for public sector banks under RBI and Government of India guidelines. The election of a shareholder director is a regulatory requirement and unlikely to materially affect the stock price, though shareholders holding shares as of the August 22, 2025 cut-off date will be eligible to participate in the voting process.