Punjab National Bank has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on September 04, 2025
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Punjab National Bank has called an Extraordinary General Meeting on Thursday, September 4, 2025, at 11:00 AM via video conferencing to elect one Shareholder Director. The vacancy arose after Shri Jitendra Singh Bajaj, a senior LIC official who was a Shareholder Director on PNB's board, resigned on June 5, 2025, because RBI rules bar LIC employees (treated as engaged in para-banking activities) from serving as elected directors on PSU bank boards. The elected director will hold office until October 5, 2026, completing the original term of the outgoing director. PNB's public shareholding stands at 29.92%, which entitles non-government shareholders to elect two directors on the board; the second seat is held by Shri Ambrish Ojha. The cut-off date to determine eligible shareholders is August 8, 2025, nominations must be submitted by August 20, 2025, and remote e-voting will run from September 1 (9:00 AM) to September 3 (5:00 PM), 2025.
This is a routine corporate governance action to fill a casual vacancy on the board and is not expected to materially affect the stock price. Shareholders (other than the Government of India) should note the cut-off date of August 8, 2025 to be eligible to nominate, contest, or vote in the election.