State Bank of India has informed the Exchange regarding voting results of General Meeting held on May 15, 2026
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State Bank of India held an EGM on May 15, 2026, to elect directors to its Central Board under Section 19(c) of the SBI Act, 1955. Seven candidates were proposed, and seven resolutions were voted on. Four candidates secured the highest votes and were declared elected for a three-year term from June 26, 2026 to June 25, 2029: Dr. Sandhya Shekhar, Shri K.R. Ashok, Shri Khurshed Rustom Dordi, and Shri Sandeep Natwarlal Shah. Voting was overwhelmingly in favour across all resolutions (100% in favour where passed), though participation was very low — less than 2% of total shares voted across all resolutions. Notably, two candidates (Shri Arun Ananth Kamath and Shri Deepak Arora) failed to pass their respective resolutions, while Shri Sanjay Kapoor's resolution passed but he was not among the four declared elected.
The election of four new directors strengthens the bank's Central Board. The failed resolutions for two candidates and the discrepancy between passed resolutions and declared elected directors warrant attention, though this is a routine governance update with no immediate impact on stock price.