SBI Cards and Payment Services Limited has informed the Exchange regarding an Addendum to the Notice of the 27th Annual General Meeting to be held on August 29, 2025
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SBI Cards has issued an addendum to the notice of its 27th Annual General Meeting scheduled for August 29, 2025 at 12:30 PM (via video conferencing). The addendum proposes the appointment of Mr. Rajnikant Patel (DIN: 00003135) as an Independent Director for a 3-year term from August 13, 2025 to August 12, 2028, subject to shareholder approval through a Special Resolution. The Board had already appointed him as an Additional Independent Director on August 13, 2025, and now seeks shareholder ratification as required under SEBI Listing Regulations. Mr. Patel is a former MD & CEO of BSE and ICEX with over 30 years of experience in commercial banking, capital markets, and financial regulation. Remote e-voting for this resolution will run from August 26 to August 28, 2025. The filing also mentions the 'Saksham Niveshak' 100-day campaign (July 28 – November 6, 2025) for shareholders to claim unpaid or unclaimed dividends.
This is a routine corporate governance filing seeking shareholder approval for a board appointment and is unlikely to materially affect the stock price. The new Independent Director brings strong credentials from capital markets and banking regulation, which may strengthen board oversight, but the event is procedural in nature.