Scrutiniser Report and Voting Results of General Meeting held on 13.06.2025
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State Bank of India held a General Meeting of shareholders on June 13, 2025, via video conferencing. The sole special resolution was to approve raising of equity capital during FY2025-26. Shareholders overwhelmingly backed the proposal, with 15,46,87,867 votes (99.92%) cast in favour and only 1,27,801 votes (0.08%) against. No invalid votes were recorded, and the resolution was declared passed with the requisite majority. The scrutiniser's report from Bhandari & Associates was submitted along with the voting results as required under SEBI Listing Regulations and the Companies Act, 2013.
This approval gives SBI the shareholder mandate to raise fresh equity capital during the current financial year through means such as a QIP, rights issue, or preferential allotment, which can help strengthen the bank's capital base and support lending growth. The near-unanimous support reflects strong shareholder confidence in the bank's strategic direction.