Corrigendum to the Notice of General Meeting of Shareholders dated 09.05.2025.
Awaiting price reaction for this filing.
State Bank of India has issued a corrigendum to its earlier Notice of General Meeting (originally dated 27.03.2025), which was sent to shareholders ahead of the meeting scheduled for 9th May 2025 at 3:00 PM via video conferencing. The changes are triggered by a Government of India Gazette notification dated 07.04.2025 that amalgamated 26 Regional Rural Banks under the 'One State One RRB' plan. Because of this, Item No. 14 of the original notice — relating to Andhra Pradesh Grameena Vikas Bank (now renamed Andhra Pradesh Grameena Bank) — stands withdrawn, as the bank will be sponsored by Union Bank of India and will no longer be an SBI-related party from 1st May 2025. References to 'Rajasthan Marudhara Gramin Bank' under Item 18 are corrected to 'Rajasthan Gramin Bank' due to the RRB merger. Items 1 to 13 remain unchanged, and Items 15 to 18 are renumbered as 14 to 17, reducing the total agenda items to 17.
Shareholders should review the revised agenda before the 9th May 2025 meeting. The withdrawal of Item 14 removes a related-party transaction from the agenda, while all other resolutions remain on the table. No direct change to shareholding or financials is expected from this corrigendum, which is procedural in nature.