Scrutinizer''s Report and Voting Results
Awaiting price reaction for this filing.
State Bank of India (BSE: 500112, NSE: SBIN) held an Extraordinary General Meeting (EGM) via video conferencing on May 9, 2025, from 3:00 PM to 3:40 PM, where all 17 resolutions were passed with overwhelming shareholder approval. Resolution 1 involved the appointment of M/s Parikh & Associates as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, which received 99.88% votes in favour. Resolutions 2-17 covered approval of material related party transactions between SBI and its subsidiaries/associates, including SBI Life Insurance, SBI Cards, SBI General Insurance, SBI DFHI, SBI Mauritius, Nepal SBI Bank, Bank SBI Indonesia, Bank of Bhutan, Yes Bank, and various Regional Rural Banks (Gramin Banks). All RPT resolutions passed with 99.99% support. A corrigendum dated April 24, 2025 was issued to withdraw one item relating to Andhra Pradesh Grameena Vikas Bank (amalgamated into another entity) and to update the name of Rajasthan Marudhara Gramin Bank to Rajasthan Gramin Bank. Of 39,34,254 total shareholders on record date, only 78 attended via video conferencing, and promoter holdings (50,79,77,288 shares representing 57% stake) accounted for most votes polled.
Routine regulatory clearance — all resolutions passed with near-unanimous support (over 99.87% in favour), indicating no shareholder dissent on auditor appointment or related party transactions. No material impact expected on stock price; these are compliance-driven approvals required under SEBI Listing Regulations for material RPTs.