Punjab National Bank has informed the Exchange regarding Proceedings of undefined held on Jun 27, 2025 along with a copy of minutes.
PNB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Punjab National Bank held its 24th AGM on June 27, 2025, via video conferencing, chaired by Non-Executive Chairman K.G. Ananthakrishnan. Shareholders approved the audited financial statements for FY 2024-25, along with a dividend of Rs. 2.90 per equity share (face value Rs. 2). The meeting also approved material related party transactions with PNB Gilts, PNB Housing Finance, and PNB Metlife India Insurance, and the appointment of Shri Ashok Chandra as MD & CEO, Shri Kalyan Kumar's extension as Executive Director, and Shri D Surendran as a new Executive Director. M/s Agarwal S. & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The MD & CEO highlighted strong financial performance, including business growth, higher profits, better asset quality, and consistent dividend payouts, while emphasising focus on digital expansion and HR transformation.
Positive for shareholders: the bank reaffirmed steady profitability and asset quality improvements while continuing regular dividend payouts. Leadership appointments and long-term auditor tenure signal governance stability heading into FY 2025-26.