Copy of Notice of 19th Annual General Meeting (AGM) of the Bank scheduled to be held on Tuesday, the 17th June 2025
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Indian Bank has issued the notice for its 19th AGM on Tuesday, June 17, 2025 at 11:00 AM (IST), to be held via Video Conferencing (VC)/Other Audio Visual Means (OAVM). Key dates: record date for dividend eligibility is June 10, 2025, book closure from June 11 to June 17, 2025, remote e-voting from June 13 (9 AM) to June 16 (5 PM), and dividend payment on July 10, 2025. The agenda includes adoption of audited financials for FY25, declaration of dividend, approval of appointments of MD & CEO Binod Kumar and two non-official directors, appointment of secretarial auditors for 5 years, and a proposal to raise up to Rs. 5,000 crore (including premium) of equity capital through QIP, FPO, Rights Issue or a combination. Government of India's holding will not fall below 52% of paid-up equity capital at any time.
Shareholders should note the June 10, 2025 record date to be eligible for any declared dividend. The Rs. 5,000 crore equity capital raise proposal may lead to dilution if approved, though government ownership will be protected at 52%. Dividend is subject to Government of India approval.