SBIN: State Bank of India has informed the Exchange regarding proceedings of Extraordinary General Meeting held on May 09, 2025
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State Bank of India held an Extraordinary General Meeting (EGM) on May 9, 2025, via video conferencing from 3:00 PM to 3:40 PM IST, chaired by Chairman Challa Sreenivasulu Setty. The meeting considered 17 agenda items, including the appointment of M/s Parikh & Associates as Secretarial Auditor for a 5-year period (FY 2025-26 to FY 2029-30) and approval of Material Related Party Transactions with key subsidiaries and associates such as SBI Life Insurance, SBI Cards and Payments Services, SBI General Insurance, SBI DFHI, SBI (Mauritius), Bank SBI Indonesia, Nepal SBI Bank, Bank of Bhutan, and Yes Bank, among others. The remote e-voting window was open from May 5 to May 8, 2025, with provisions for in-meeting e-voting for attending shareholders. The actual voting results have not been disclosed in this filing and will be submitted separately by the scrutiniser, M/s Bhandari & Associates.
This is a procedural disclosure confirming the EGM was conducted with requisite quorum; the actual outcome of the resolutions (auditor appointment and RPT approvals) is pending and will be filed separately. Shareholders should await the scrutiniser's report for voting results, which may have minor implications for governance transparency but no immediate material impact on stock price.