Central Bank of India has informed the Exchange regarding Proceedings of Annual General Meeting held on July 19, 2025
CENTRALBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Central Bank of India held its 18th AGM on July 19, 2025, via video conferencing, where all six agenda items were passed by shareholders. Shareholders approved the audited financial statements for FY 2024-25 and the declaration of dividend on equity shares for the same year. They also approved the appointment of Shri Manoranjan Dash as RBI Nominee Director and the re-appointment of Shri Pradip Khimani as Part-time Non-Official Director. A key resolution was passed allowing the bank to raise up to ₹5,000 crore in equity capital through modes such as QIP, FPO, or Rights Issue. Additionally, M/s Ragini Chokshi & Co was appointed as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. All resolutions received overwhelming support, with each item securing over 99% votes in favour.
The approval to raise up to ₹5,000 crore in equity could lead to dilution of existing shareholders if capital is raised through QIP or FPO. The dividend declaration is positive for shareholders expecting income from their holdings.