CSB Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 26, 2025
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CSB Bank has notified the 104th AGM to be held on Tuesday, August 26, 2025, at 11:00 a.m. via video conferencing, along with the FY 2024-25 Annual Report. Key business includes adopting audited financial statements, re-appointing Mr. Madhavan Menon as Director, and fixing Joint Statutory Auditors' remuneration at up to Rs. 2.13 crore for FY 2025-26. Shareholders will vote on appointing BNP & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), confirming Mr. Biswamohan Mahapatra as Non-Executive Part-time Chairman (Rs. 20 lakh honorarium annually, May 2025 to May 2028), and re-appointing Mr. Pralay Mondal as MD & CEO for three years from September 15, 2025. Two related-party transaction resolutions seek approval for up to Rs. 5,000 crore each (in deposits and forex) with promoter FIH Mauritius Investments Ltd and its wholly-owned subsidiary FIH Private Investments Ltd, valid until the 105th AGM.
Investors should note the AGM outcomes on key leadership continuity (MD & CEO and Chairman re-appointments) and the large related-party transaction approvals with the promoter group, which could influence governance perception. The remote e-voting window runs August 22-25, 2025, with cut-off date August 19, 2025 for eligibility.