Canara Bank discloses promoter holding of 62.93% for FY26

1 min read     Updated on 23 May 2026, 02:08 PM
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Shriram SScanX News Team
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Canara Bank disclosed its promoter shareholding for FY 2025-26, confirming the Government of India holds a 62.93% stake. The bank stated no encumbrances were made on these shares during the year.

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Canara Bank has submitted a disclosure to the stock exchanges regarding its promoter shareholding for the financial year 2025-26. The filing was made in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The communication, dated April 1, 2026, confirms the status of the promoter's holding and any encumbrances made during the specified period.

The promoter of the bank is the President of India, representing the Government of India. According to the disclosure, the promoter along with persons acting in concert has not made any encumbrance, directly or indirectly, during the financial year 2025-26. This declaration ensures that the promoter's stake remains free from charges or pledges.

Shareholding Details

The detailed shareholding pattern reveals that the Government of India holds a significant majority stake in the lender. The data provided in the disclosure outlines the specific number of shares held and the corresponding percentage of voting rights.

Shareholding Parameter Number of Shares % of Total Share/Voting Capital
Shares 5,70,85,48,390 62.93
Voting Rights (otherwise than by shares) - -
Warrants - -
Convertible Securities - -
Other Instruments - -
Total 5,70,85,48,390 62.93

The total share capital considered for the calculation includes both the total share capital and the total diluted share capital. The bank's shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The filing was signed by Santosh Kumar Barik, Company Secretary, and submitted from Bengaluru.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.41%+6.61%-5.47%-10.45%+23.88%+342.51%

Will the Government of India consider divesting a portion of its 62.93% stake in Canara Bank as part of its disinvestment agenda for FY 2026-27?

How might a potential reduction in government shareholding below the 51% threshold impact Canara Bank's credit ratings and borrowing costs?

Could Canara Bank pursue capital-raising initiatives such as QIPs or follow-on public offerings that might dilute the government's majority stake in the near future?

Canara Bank Files Regulation 47 Notice for 24th AGM; Record Date Set for June 12, 2026

2 min read     Updated on 19 May 2026, 12:57 PM
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Canara Bank has announced its 24th AGM for June 23, 2026, via e-AGM mode, with a record date of June 12, 2026, for dividend entitlement. The Board recommended a dividend of Rs. 4.2 per equity share (210% of face value Rs. 2/-) for FY2025-26, subject to shareholder approval. Newspaper notices were published on May 15, 2026, in Financial Express, Jansatta, and Vijaykarnataka pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, with TDS applicable on dividend as per the Income Tax Act, 1961.

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Canara Bank has announced the schedule for its 24th Annual General Meeting (AGM) and provided details regarding the dividend for the financial year 2025-26. The Board of Directors recommended a dividend of Rs. 4.2 per equity share, which is 210% of the face value of Rs. 2/- each. This dividend is subject to the approval of shareholders at the ensuing AGM. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank published notices regarding the 24th AGM in three newspapers — Financial Express (English), Jansatta (Hindi), and Vijaykarnataka (Kannada) — on May 15, 2026. The publication was confirmed via a communication signed by Company Secretary Santosh Kumar Barik.

Key Dates and Dividend Details

The dividend will be paid to shareholders whose names appear on the Register of Shareholders or Beneficial Owners as furnished by NSDL/CDSL as on the Record Date of Friday, June 12, 2026. The payment is scheduled to be made within 30 days from the date of declaration at the AGM, which is set for June 23, 2026.

Parameter: Details
Financial Year: 2025-26
Dividend Per Share: Rs. 4.2 (210% of Face Value Rs. 2)
Record Date: Friday, June 12, 2026
AGM Date: Tuesday, June 23, 2026
Payment Timeline: Within 30 days of AGM declaration
Newspaper Publication Date: May 15, 2026
Publications: Financial Express (English), Jansatta (Hindi), Vijaykarnataka (Kannada)
Regulatory Compliance: Regulation 47, SEBI (LODR) Regulations, 2015

Tax Deduction at Source (TDS) on Dividend

In accordance with the provisions of the Income Tax Act, 1961, as amended by the Finance Act 2020, dividend paid or distributed by the company on or after April 1, 2020, is taxable in the hands of shareholders. Consequently, the Bank is required to deduct tax at source (TDS) at the time of payment.

The deduction of TDS will depend on the residential status of the shareholders and the necessary documents submitted by them and accepted by the Bank. The dividend will be paid after deducting applicable TDS, if any. Shareholders are requested to furnish necessary documents to the Registrar and Share Transfer Agent, KFin Technologies Limited, at www.kfintech.com to ensure correct deduction or lower rates.

The Bank has clarified that it is obligated to deduct TDS based on the records available with the Registrar and Share Transfer Agent, and no requests for revision of TDS returns will be entertained thereafter. An email communication explaining the applicable conditions for TDS deduction is being sent to all registered shareholders.

AGM and Voting Information

The 24th AGM will be conducted via Video Conferencing and Other Audio-Visual Mode (e-AGM), with the Head Office of the Bank serving as the deemed venue of the meeting. Shareholders holding shares in physical or dematerialised form as on the cut-off date of June 16, 2026, are eligible to cast their vote electronically (Remote e-Voting) on the respective agenda items. Electronic copies of the AGM notice and Annual Report 2025-26 will be sent to all shareholders with registered email addresses. Shareholders holding shares in dematerialised mode whose email IDs are not registered are requested to register their email addresses and mobile numbers with their relevant depositories through their depository participants.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.41%+6.61%-5.47%-10.45%+23.88%+342.51%

How does Canara Bank's dividend payout of Rs. 4.2 per share for FY2025-26 compare to its dividend history over the past five years, and what does this trend signal about the bank's future capital distribution strategy?

Given the increasing adoption of e-AGM formats by public sector banks, how might regulatory frameworks evolve to enhance shareholder participation and voting transparency in future annual meetings?

With TDS on dividends now taxable in shareholders' hands post-Finance Act 2020, how could potential changes in India's income tax structure impact retail investor sentiment toward PSU bank stocks like Canara Bank?

More News on Canara Bank

1 Year Returns:+23.88%