Punjab & Sind Bank has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Awaiting price reaction for this filing.
Punjab & Sind Bank held its 15th AGM on August 5, 2025, via video conferencing, with 62 shareholders in attendance and 16 shareholders participating with queries. All seven resolutions were passed with overwhelming majority (over 99.9% assent on each). Key items approved include: adoption of audited financials for FY 2024-25, declaration of a dividend of Rs. 0.07 per equity share (0.70% of face value) with record date July 29, 2025, appointment of Sh. Rajeeva as Executive Director, appointment of Sh. Vivek Srivastava as RBI Nominee Director, reappointment of Sh. Shankar Lal Agarwal as Part-time Non-Official Director, extension of tenure of MD & CEO Sh. Swarup Kumar Saha, and appointment of M/s R S Kathuria & Co as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The consolidated voting results were submitted by the scrutinizer M/s S N Ananthasubramanian & Co. Dividend will be paid within 30 days of the meeting.
Routine procedural filing with no negative surprises. The modest dividend of Rs. 0.07 per share (0.70% yield on face value) is small but signals the bank has returned to profitability. Reappointments of key leadership including the MD & CEO extension provide continuity, while overwhelming shareholder approval (>99.9% on all items) indicates no governance concerns.