Annual Secretarial Compliance report as on 31.03.2026

Indian Overseas Bank has filed its Annual Secretarial Compliance Report for FY2025-26, examined by Practicing Company Secretaries M/s Srinidhi Sridharan & Associates. The report identifies four compliance deviations: (1) No woman independent director was on the board throughout the year as required by Regulation 17(1)(a), though the bank is pursuing appointment with the Government of India; (2) The board was not properly constituted between April 1-10, 2025 due to insufficient independent directors, which was remedied when three Part-time Non-Official Directors were re-appointed on April 11, 2025; (3) Audit Committee and (4) Risk Management Committee were not properly constituted between April 1-21, 2025, with the board exercising their powers during the interim period under Nationalised Banks Scheme provisions. Additionally, the bank failed to file XBRL prior intimation for a board meeting held on January 14, 2026 under Regulation 50. On a positive note, no directors are disqualified, all SEBI policies are updated, website disclosures are current, and no SEBI actions were taken against the bank.