Punjab & Sind Bank has informed the Exchange about Addendum to Notice of Extraordinary General Meeting (EGM)
PSB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Punjab & Sind Bank has issued an addendum to its EGM notice to seek shareholder approval for the appointment of Shri Jitendra Asati as Government of India Nominee Director. The appointment was made by the Government of India via a notification dated September 9, 2025, effective immediately and until further orders. The EGM is scheduled for January 21, 2026 at 11:00 a.m. via video conferencing. Shri Asati, aged 43, is an M.Phil from JNU and an All India Topper of the Indian Economic Service with prior stints in the Ministry of Finance, India's Washington DC mission, and the Ministry of Petroleum & Natural Gas. He also holds a directorship in IFCI Limited and holds no shares in Punjab & Sind Bank. His remuneration will be as per Government of India guidelines.
This is a routine regulatory filing to comply with SEBI's requirement that public sector companies obtain shareholder approval for board appointments. It is unlikely to have a material impact on the stock price as the director was already appointed by the Government in September 2025; the EGM is simply formalising shareholder consent.