IDBI Bank AGM 2026: All 6 resolutions passed with over 99.7 percent approval

IDBI Bank held its 22nd AGM on July 21, 2026 via video conferencing. All 6 resolutions passed with requisite majority. Key items: adoption of audited financial statements for FY ending March 31, 2026 (99.9993 percent approval), reappointment of Sumit Phakka as Director (99.93 percent), appointment of Abhijit Chakravorty and Ketan Vikamsey as Independent Directors for 2 years (99.99 percent each), reappointment of Jayakumar S. Pillai as Deputy MD for 1 year (99.76 percent), and approval of material related party transactions with LIC Mutual Fund (99.94 percent). Item 5 had the highest dissent at 0.24 percent.