Sbi Cards And Payment Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 29, 2025. Further, the company has informed the Exchange regarding voting results.
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SBI Cards held its 27th AGM on August 29, 2025 via video conferencing, where all 9 resolutions were passed with the required majority. Routine items included adoption of FY25 audited financial statements (99.9999% in favour), confirmation of an interim dividend of Rs. 2.50 per share (99.9999% in favour), and appointment of M/s Agarwal S. & Associates as Secretarial Auditors. Two material related party transactions with parent State Bank of India and SBI Capital Markets were approved, though promoter SBI (holding ~69%) did not vote on these items. Two special resolutions were also passed, allowing the company to borrow beyond its paid-up capital and free reserves and to create charges on its assets (99.62% in favour). Mr. Rajnikant Patel (DIN: 00003135) was appointed as Independent Director with 98.99% approval. Total of 781,696 shareholders were on record as of August 22, 2025, with 87 public shareholders attending the meeting virtually.
This is a routine post-AGM compliance filing with no negative surprises; all proposals were approved with overwhelming support. Shareholders should note the expanded borrowing authorisation, which gives the company greater flexibility to raise debt, and the confirmation of the Rs. 2.50 interim dividend already received earlier in the year.