Voting Results of the Postal Ballot along with the Scrutinizers'' Report
Awaiting price reaction for this filing.
SBI Cards and Payment Services Limited conducted a postal ballot to seek shareholder approval for the appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director and Chief Executive Officer of the company. The voting was conducted electronically through NSDL from April 10 to May 9, 2025. Out of 951.36 crore outstanding shares, 874.84 crore votes (91.96%) were polled, with an overwhelming 99.71% voting in favour and just 0.29% voting against the resolution. Promoter group voted 100% in favour, public institutions supported with 98.85%, and public non-institutions with 99.80%. The ordinary resolution has been deemed passed as of May 9, 2025.
The appointment of the new MD & CEO is now formally confirmed, bringing leadership clarity for SBI Cards. The near-unanimous shareholder approval signals strong confidence in the new leadership and continuity in the company's strategic direction.