Central Bank of India participated in a virtual one-on-one analyst and investor meeting with Systematix Group on August 20, 2026. The session was conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank’s management confirmed that the discussion was restricted to information already available in the public domain. No new financial data, strategic updates, or forward-looking statements were disclosed during the interaction.

Meeting Details

Chandrakant Bhagwat, Company Secretary and Compliance Officer, signed the disclosure on behalf of the bank.

Shareholders of central bank of india approved a special resolution to raise equity capital up to ₹7,000 crore at its 19th Annual General Meeting (AGM) held on July 31, 2026. The resolution, which permits the bank to raise funds through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or rights issues, secured 99.26% assent from voting shareholders. This approval provides the board with the flexibility to execute capital raising measures necessary for balance sheet strengthening or growth initiatives in the coming fiscal periods.

The AGM was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) with a deemed venue at Chandermukhi, Nariman Point, Mumbai. S. N. Ananthasubramanian & Co., led by Managing Partner S. N. Viswanathan, served as the scrutinizer for the remote e-voting process. Voting rights were reckoned as of July 24, 2026, with remote e-voting open from July 27 to July 30, 2026. MUFG Intime India Private Limited acted as the e-voting agency. The meeting commenced at 3:00 p.m. IST and concluded at 5:41 p.m., with Kalyan Kumar, Managing Director and CEO, taking the chair in accordance with Regulation 59(i) of the Central Bank of India (Shares and Meetings) Regulations, 1998.

In addition to the capital raise, shareholders passed seven ordinary resolutions. Key outcomes included the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the confirmation of four interim dividends aggregating to ₹1.20 (12%) per equity share of face value ₹10 each for FY25-26. This dividend payment received 99.68% support from shareholders.

The meeting also addressed significant changes to the Board of Directors. Shareholders approved the appointment of Kalyan Kumar as Managing Director and Chief Executive Officer (MD & CEO) effective September 30, 2025, for a three-year term. Additionally, E. Ratan Kumar was appointed as an Executive Director effective November 24, 2025, also for a three-year term. The term of Executive Director M V Murali Krishna was extended beyond his existing notified term ending November 30, 2025, until his superannuation date of July 31, 2027, or until further orders.

Government nominee director appointments were also ratified. Baldeo Purushartha was appointed as a Non-Executive Government Nominee Director effective July 24, 2025, until June 19, 2026. Chandradeep Kumar Jha was appointed as a Non-Executive Government Nominee Director effective June 19, 2026, until further orders. Both resolutions received overwhelming support, with dissent votes below 1.12%.

A notable development was the election of Rajesh Ranjan as the Shareholder Director for a three-year term commencing August 1, 2026. As only one valid nomination was received, he was deemed elected under Regulation 66 of the Central Bank of India (Shares & Meetings) Regulations, 1998. The bank attended by 72 shareholders via VC/OAVM, with Jnanatosh Roy representing the Government of India.

AGM Resolution Outcomes

What the Numbers Show

The near-unanimous support for the ₹7,000 crore equity raise (99.26%) signals strong shareholder confidence in the bank’s capital deployment strategy. With no single shareholder other than the Central Government holding more than 10% of voting rights, the broad base of support suggests alignment between retail/institutional investors and management on the need for capital adequacy or expansion. The high assent rates across all board appointments further indicate stability in governance expectations.