Shareholders approve Debashish Mukherjee as Independent Director
Bandhan Bank Limited secured shareholder approval to appoint Mr. Debashish Mukherjee as an Independent Director through a postal ballot. The resolution received 99.35% of the total valid votes cast, with 1,04,88,54,143 shares in favour and 68,64,275 against. The voting process, scrutinized by CS Hansraj Jaria, adhered to Section 12(2) of the Banking Regulation Act, 1949, resulting in 20,71,23,937 invalid votes from the promoter. The appointment is effective from June 05, 2026.
*this image is generated using AI for illustrative purposes only.
Bandhan Bank Limited has received shareholder approval to appoint Mr. Debashish Mukherjee as an Independent Director following a postal ballot process. The resolution was passed with 99.35% of the total valid votes cast in favour, concluding the remote e-voting period on June 05, 2026.
The postal ballot sought approval for the appointment of Mr. Debashish Mukherjee (DIN: 08193978) under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting process commenced on May 07, 2026, and was scrutinized by CS Hansraj Jaria, a Practising Company Secretary.
Voting Results
A total of 1,05,57,18,418 valid votes were polled, representing 65.53% of the total outstanding shares. The resolution received overwhelming support across shareholder categories, with 1,04,88,54,143 votes in favour and 68,64,275 votes against.
| Category | Shares Held | Votes Polled | Votes in Favour | Votes Against | % For | % Against |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 62,75,26,519 | 42,04,02,582 | 42,04,02,582 | 0 | 100.00 | 0.00 |
| Public-Institutions | 71,72,39,436 | 63,44,67,597 | 62,77,02,102 | 67,65,495 | 98.93 | 1.07 |
| Public-Non Institutions | 26,62,12,632 | 8,48,239 | 7,49,459 | 98,780 | 88.35 | 11.65 |
| Total | 1,61,09,78,587 | 1,05,57,18,418 | 1,04,88,54,143 | 68,64,275 | 99.35 | 0.65 |
Regulatory Compliance and Invalid Votes
The voting process adhered to the provisions of Section 12(2) of the Banking Regulation Act, 1949, which restricts voting rights to a maximum of 26% of the total voting rights for any single shareholder. Consequently, 20,71,23,937 equity shares held by Bandhan Financial Holdings Limited, the promoter, were treated as invalid votes.
The Scrutinizer's Report confirmed that the special resolution was passed with the requisite majority. The appointment is deemed effective from June 05, 2026, the last date of the remote e-voting process.
Historical Stock Returns for Bandhan Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.72% | -5.61% | +3.67% | +37.88% | +11.95% | -39.48% |
How will Mr. Mukherjee's appointment influence Bandhan Bank's strategic direction and governance framework?
What specific expertise does Mr. Mukherjee bring that aligns with the bank's future growth plans?
Could this appointment signal a shift in the bank's approach to regulatory compliance and risk management?
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