Indian Overseas Bank has informed the Exchange regarding 'Annual Secretarial Compliance Report as on 31.03.2026'.
IOB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Overseas Bank has filed its Annual Secretarial Compliance Report for FY 2025-26, prepared by M/s Srinidhi Sridharan & Associates, Practicing Company Secretaries. The report identifies several compliance deviations during the year: (1) No woman independent director was on the Board for the entire year, (2) the Board was not properly constituted between 1st April to 10th April 2025 due to insufficient independent directors, (3) the Audit Committee lacked proper constitution from 1st April to 21st April 2025, (4) the Risk Management Committee also lacked proper constitution during the same period, and (5) the Bank failed to file XBRL Prior Intimation for the Board Meeting held on 14th January 2026 as required under Regulation 50. All issues relate to government appointment processes for directors, which the Bank states it is actively pursuing with the Department of Financial Services, Government of India.
The deviations are administrative in nature and stem from delays in government appointment of directors, not from governance failures. The Bank regained compliance after directors were appointed from 11th April 2025 onwards. No fines were imposed, and the matters are being actively addressed with the Ministry.