bank of baroda has scheduled its 30th Annual General Meeting (AGM) for June 23, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) at 11:00 a.m. IST, pursuant to circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

The bank published the notice for this meeting in various newspapers, including Business Standard and Financial Express in English, Business Standard in Hindi, and Sandesh in Gujarati, on May 20, 2026. This communication is in compliance with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Notice and Communication

Electronic copies of the AGM notice are being sent to shareholders whose email addresses are registered with the bank or depository participants. Shareholders holding shares in dematerialized mode who have not registered their email addresses are requested to do so through their depository participants. Those holding shares in physical form must dematerialize their holdings or provide their email and mobile numbers to M/s KFin Technologies Limited, the bank's Registrar and Share Transfer Agent.

Participation and Voting

Shareholders will have the opportunity to cast their votes remotely on the business items set forth in the notice through an electronic voting system. The specific procedures for remote voting for shareholders holding shares in both dematerialized and physical modes, as well as for those without registered email addresses, will be detailed in the notice sent to shareholders and made available on the bank's website.

In accordance with the relevant circulars, the bank will not dispatch physical copies of the AGM notice. Instead, a letter of intimation containing the web address of the Annual Report and the Notice of AGM will be sent to shareholders for whom email addresses are not available.

Bank of Baroda has announced a dividend of Rs. 8.50 per equity share for the financial year ended March 31, 2026. The dividend was recommended by the Board of Directors in their meeting held on May 8, 2026. This payout is subject to the approval of shareholders at the Annual General Meeting scheduled for June 23, 2026.

Shareholder Action Required

The dividend will be paid to shareholders whose names appear in the Register of Members or depository records as of the close of business hours on June 5, 2026. Eligible shareholders will receive the payment electronically within 30 days of the AGM, provided their bank details are updated.

Tax on Dividend

Pursuant to the Finance Act 2026, dividends paid on or after April 1, 2026, are taxable in the hands of shareholders. Consequently, the Bank will deduct Tax Deducted at Source (TDS) at applicable rates. Shareholders are advised that this dividend pertains to FY 2026-27 for tax purposes.

Non-compliant shareholders without a valid Permanent Account Number (PAN) will face TDS deduction at a rate of 20%. To ensure appropriate TDS deduction, shareholders must submit valid documents, including PAN and residential status for FY 2026-27, via the Registrar & Share Transfer Agent's website by 5.00 PM IST on May 30, 2026.

Financial Performance Update

For the fourth quarter of FY 2026, the bank reported a net profit of Rs. 5,616 crores, a growth of 11.2% YoY. Global business volume crossed Rs. 30.78 lakh crores, registering a YoY growth of 13.9%. The bank's asset quality improved, with the Gross NPA ratio at 1.89% and Net NPA ratio at 0.45%.