AGM 2026: All 4 resolutions passed, incl Rs 5,000 cr capital raise
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Indian Overseas Bank held its 26th AGM on 7 July 2026 via video conferencing. All 4 resolutions passed with over 99.96 percent approval: (1) adoption of FY26 audited standalone and consolidated accounts, (2) approval to raise up to Rs 5,000 cr equity capital in FY27 via FPO, Rights Issue, QIP, ESPS or preferential routes including to LIC and insurers, (3) appropriation of accumulated losses as on 31.03.2026 from the share premium account, and (4) extension of MD and CEO Ajay Kumar Srivastava's tenure from 01.01.2026 till 08.10.2027.
Possible equity dilution from Rs 5,000 cr capital raise plan; MD and CEO extension gives leadership continuity till Oct 2027.