PNB GILTS LTD. has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
PNBGILTS · price
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PNB Gilts, a subsidiary of Punjab National Bank, has submitted its Annual Report for FY 2024-25 and confirmed that the 29th Annual General Meeting (AGM) will be held on September 17, 2025 at 11:00 a.m. via Video Conferencing. The company posted a strong financial performance: total income rose about 6.3% to ₹1,676 crore, while net profit surged 235.73% to ₹233.03 crore (from ₹69.41 crore in FY24). Operating profit jumped 141% to ₹343 crore and operating margin improved to 20.46% (from 9.03%), with EPS rising to ₹12.95 from ₹3.86. A dividend of ₹1 per share (10% on face value of ₹10) has been recommended, subject to AGM approval. The Board also reported changes in leadership, including appointment of Sh. Pareed Sunil as the new Managing Director & CEO effective June 19, 2025, and two new Independent Directors.
Strong profit growth and improving margins are positive signals for shareholders, though the modest dividend payout (~7.72%) reflects management's focus on retaining capital for future growth. Investors should watch the AGM for any announcements on the company's expansion into the forex segment and focus on foreign portfolio investors.