SBI Cards and Payment Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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SBI Cards has announced the results of a postal ballot conducted to seek shareholder approval for the appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director and Chief Executive Officer of the company. The resolution was passed with overwhelming shareholder support, with 99.71% of votes cast in favour (872,318,183 votes) and only 0.29% against (2,525,692 votes). Out of 951,356,954 total outstanding shares, 874,843,875 shares (91.96%) were polled, showing strong shareholder participation. The promoter group voted 100% in favour, and public institutions backed the appointment with 98.85% support. The results were declared on May 9, 2025, and the resolution is deemed to have been passed on that date.
This confirms a new MD & CEO has been formally appointed at SBI Cards with strong shareholder backing, bringing leadership continuity. The near-unanimous approval and high voter turnout signal strong institutional and retail confidence in the appointment.