Indian Bank 20th AGM: all 4 resolutions passed, Rs 5000 Cr capital raise approved
INDIANB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Bank held its 20th AGM on June 17, 2026 via video conferencing. All 4 resolutions passed with requisite majority: adoption of audited balance sheet for FY26 (97.64% assent), declaration of dividend on equity shares (100% assent), re-appointment of Executive Director Ashutosh Choudhury for 3 more years (95.45% assent), and a special resolution to raise up to Rs 5000 crore equity capital through QIP, FPO, or Rights Issue (99.96% assent). Record date for dividend eligibility was June 10, 2026.
Rs 5000 Cr capital raise may dilute existing shareholders. Dividend record date was June 10, 2026. Executive Director re-appointed for 3 years.