Bank of Baroda has published the notice for its 30th Annual General Meeting (AGM) in newspapers on May 30, 2026. The meeting is scheduled to be held on Tuesday, June 23, 2026, at 11.00 a.m. through video conferencing. The agenda includes the approval of financial results for the year ended March 31, 2026, and the declaration of dividend for the financial year 2025-26.

The Board of Directors, at its meeting held on May 08, 2026, recommended a dividend of ₹8.50 per equity share of ₹2 each fully paid up. The record date for determining dividend entitlement is June 05, 2026. Shareholders holding shares in physical or electronic form as of the close of business hours on this date will be eligible to receive the dividend. The payment will be distributed within 30 days from the date of the AGM.

The special business includes seeking shareholder approval for the Capital Plan 2026-27, which authorizes the Board to raise additional capital up to ₹8,500 crore through various modes such as Qualified Institutions Placement, Follow-on Public Offer, or Rights Issues. Additionally, the meeting will seek approval for the appointment of Shri Ashish Madhaorao More as Non-Executive Director and the reappointment of Shri Lalit Tyagi and Shri Sanjay Vinayak Mudaliar as Executive Directors. The reappointment of Dr. Debadatta Chand as Managing Director and Chief Executive Officer is also on the agenda.

The cut-off date for shareholders to attend the AGM and vote through remote e-voting or at the meeting is June 16, 2026. Remote e-voting will be available from 9:00 a.m. on June 19, 2026, until 5:00 p.m. on June 22, 2026. National Securities Depository Limited has been appointed as the remote e-voting agency and the facility provider for the video conferencing. Shareholders facing technical issues can contact the NSDL helpdesk at evoting@nsdl.com or call 022-48867000.

Key Dates and Agenda

Agenda Highlights

Ordinary Business:

• To consider and adopt the Balance Sheet as on March 31, 2026, and the Profit and Loss Account for the year ended March 31, 2026.
• To approve and declare dividend for the financial year 2025-26.

Special Business:

• To approve Capital Plan 2026-27 to raise capital up to ₹8,500 crore.
• To approve the appointment of Shri Ashish Madhaorao More as Non-Executive Director.
• To approve the reappointment of Shri Lalit Tyagi as Executive Director.
• To approve the reappointment of Shri Sanjay Vinayak Mudaliar as Executive Director.
• To approve the reappointment of Dr. Debadatta Chand as Managing Director and Chief Executive Officer.

Bank of Baroda has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The filing, submitted under Regulation 34 of the SEBI (LODR) Regulations, 2015, details the bank's environmental, social, and governance (ESG) performance and sets specific targets for sustainability. The report received reasonable assurance from Ravi Rajan & Co LLP, the bank's statutory central auditor, for its core indicators.

The bank has established defined targets under its ESG Policy, including achieving net-zero emissions by 2057 and reducing Scope 1 and Scope 2 emissions by 75% by 2034. Additionally, the bank aims to increase renewable energy financing to 50% of total energy sector financing by 2029. During FY 2025-26, the bank strengthened its ESG framework through the launch of a Climate Risk Management Policy and a Sustainable Finance Framework.

Business Segments and Performance

The bank operates through five primary business segments, with corporate banking contributing the largest share of turnover at 35.20%. Retail banking and agriculture banking followed with contributions of 30.30% and 17.20%, respectively. The bank reported a robust 60% year-on-year growth in its Infra Power – Renewable Energy sector during FY 2026. It also won the Finance Asia Award for the Best Project Finance Deal related to a green hydrogen project.

Environmental Impact

The bank reported total energy consumption of 843,743.05 GJ for FY 2025-26, with 20,743.05 GJ sourced from renewable energy. Total Scope 1 and Scope 2 emissions were recorded at 157,425.11 metric tonnes of CO2 equivalent. The bank's water consumption stood at 920,887.88 kilolitres, while total waste generated amounted to 408.86 metric tonnes. The bank installed solar panels in 386 leased branches and 93 owned premises, resulting in a reduction of 10,433 tonnes of carbon dioxide emissions.

Social and Governance Metrics

Bank of Baroda employed a total of 76,075 individuals, with women constituting 26.85% of the workforce. The bank reported 13 complaints under the Sexual Harassment of Women at Workplace (POSH) Act during the year, all of which were resolved. The board of directors comprised 20% women. The bank also disclosed that it had paid a penalty of ₹61,40,000 to the Reserve Bank of India for non-compliance with certain directions regarding financial services and customer service.