Revised Scrutinizer''s Report
Awaiting price reaction for this filing.
State Bank of India submitted a revised scrutinizer's report on May 15, 2025, for the Extra-Ordinary General Meeting (EGM) held on May 9, 2025. The revision was made because, for Resolutions 2 to 17 (Material Related Party Transactions), the votes cast by the Promoter (President of India) were not considered, in line with SEBI LODR Regulations 2(zb) and 23(4). A total of 17 resolutions were tabled and all were passed with the requisite majority. Resolution 1 covered the appointment of M/s Parikh & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and was approved with 99.88% of votes in favour. Resolutions 2 to 17 dealt with material related-party transactions between SBI and various group entities, including SBI Life Insurance, SBI Cards, SBI General Insurance, SBI Payment Services, SBI DFHI, SBI (Mauritius), Bank SBI Indonesia, Nepal SBI Bank, Bank of Bhutan, Yes Bank, SBI Capital Markets, and several Gramin Banks.
The revised report is procedural and does not change the outcome — all 17 resolutions still stand passed. No material impact on shareholders or stock price is expected.