Indusind Bank Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
INDUSINDBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IndusInd Bank announced the results of its postal ballot for the appointment of Mr. Arijit Basu (DIN: 06907779) as Non-Executive Independent Director and Part-time Chairman of the Bank. The remote e-voting was conducted from February 26, 2026 to March 27, 2026, with a cut-off date of February 20, 2026. Out of 779,076,092 outstanding shares, 582,615,384 votes (74.78%) were polled. The special resolution was passed with overwhelming majority — 99.68% votes in favour (580,749,128 votes by 2,214 members) and only 0.32% against (1,866,256 votes by 133 members). The scrutinizer M/s Alwyn Jay & Co. confirmed the resolution was passed with the requisite majority. No invalid votes were recorded.
Strong shareholder approval (99.68%) signals confidence in the new Chairman's appointment and provides much-needed leadership stability for the bank. The decisive mandate may be viewed positively by the market, supporting governance perception and potentially aiding stock sentiment.