Central Bank of India has informed the Exchange regarding Notice of 18th Annual General Meeting to be held on July 19, 2025
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Central Bank of India has notified the stock exchanges that its 18th Annual General Meeting will be held on Saturday, 19th July 2025 at 3:00 PM through Video Conferencing. The agenda includes adoption of audited financial statements for FY2024-25 and declaration of a dividend of ₹0.1875 per equity share (on face value of ₹10), subject to shareholder approval. Other key items include approving the appointment of Shri Manoranjan Dash as RBI Nominee Director, re-appointment of Shri Pradip P. Khimani as Part-time Non-Official Director, appointment of M/s Ragini Chokshi & Co as Secretarial Auditor for five years, and a special resolution to raise equity capital of up to ₹5,000 crore through QIP, FPO, or Rights Issue (while keeping government holding at or above 51%). The record date for dividend eligibility is 4th July 2025, and the cut-off date for voting is 11th July 2025, with remote e-voting open from 15th to 18th July 2025.
Shareholders holding shares as of 4th July 2025 will be eligible for the ₹0.1875 per share dividend, while the proposed ₹5,000 crore equity raise could lead to dilution for existing shareholders if approved. Approval of the dividend and capital raise plans are the key items likely to influence the stock in the short term.