Central Bank of India has officially announced its 4th interim dividend for FY 2025-26 through a regulatory filing under SEBI (LODR) Regulations, 2015. The bank's Board of Directors approved the dividend declaration during their meeting held on April 30, 2026, at Mumbai, alongside other strategic corporate developments. Subsequently, the bank published newspaper advertisements on May 4, 2026, pursuant to Regulation 47 & 52 of SEBI (LODR) Regulations, 2015, to formally intimate shareholders about the record date for dividend payment and applicable Tax Deducted at Source (TDS) provisions. The submission to stock exchanges was made on May 5, 2026, and was signed by Chandrakant Bhagwat, Company Secretary & Compliance Officer.

Dividend Declaration and Key Details

The Board of Directors approved the 4th interim dividend at 6%, translating to ₹0.60 per equity share with a face value of ₹10 each. The bank has established Friday, May 8, 2026, as the record date for determining member entitlement for the interim dividend payment.

Newspaper Publication and Shareholder Intimation

Pursuant to Regulation 47 & 52 of SEBI (LODR) Regulations, 2015, the bank published advertisements on May 4, 2026, across multiple newspapers to inform shareholders of the record date and TDS implications. The notice was submitted to the exchanges on May 5, 2026.

TDS on Dividend and Shareholder Actions

In terms of the provisions of the Income-tax Act, 1961, as amended by the Finance Act, 2020, dividend paid or distributed by the bank on or after April 1, 2020 is taxable in the hands of shareholders. The interim dividend declared will be subject to deduction of withholding tax (Tax Deducted at Source) by the bank as per the rates applicable to each category of shareholders as per the record date. Shareholders seeking exemption from tax deduction are requested to submit duly filled-in and signed Form 15G/15H on the RTA Web-Portal on or before May 15, 2026. No recommendation or documents on tax determination or deduction will be considered thereafter.

Shareholders holding shares in demat form are requested to update their KYC details — including PAN, postal address, email ID, bank account details, and nomination details — through their Depository Participant at the earliest. Shareholders holding shares in physical form are requested to update KYC details by sending a duly filled ISR form along with requisite documents to the bank's Registrar and Transfer Agent, Intime India Pvt. Ltd., C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, or via email.

Comprehensive Board Meeting Outcomes

The Board meeting, which commenced at 4:00 PM and concluded at 5:55 PM, addressed multiple strategic initiatives beyond the dividend declaration. The directors considered and approved audited standalone and consolidated financial results for both the quarter and financial year ended March 31, 2026. The bank has fulfilled all regulatory requirements under SEBI (LODR) Regulations, 2015, particularly Regulations 30, 33, 47, 52, and related provisions. The comprehensive documentation includes audited financial results with auditors' reports, declaration on audit report with unmodified opinion, statement of deviations in issue proceeds utilization, security cover certificate, and disclosure of related party transactions for the half year ended March 31, 2026.

Strategic Capital Raising Initiative

Alongside the dividend announcement, the bank has approved an ambitious capital raising plan aggregating to ₹7000.00 crore for FY 2026-27. This capital infusion strategy encompasses multiple funding mechanisms including Follow-on Public Offer (FPO), Rights issue, Qualified Institutional Placement (QIP), Preferential issue, or any combination thereof.

Annual Dividend Performance

With this 4th interim dividend declaration, Central Bank of India demonstrates consistent shareholder value creation throughout FY 2025-26. Combined with the previous three interim dividends totaling 6.00%, the cumulative dividend for the financial year reaches ₹1.20 per share, representing 12.00% of the face value. This substantial capital raising plan of ₹7000.00 crore positions the bank strategically to enhance capital adequacy ratios, support growth initiatives, and meet evolving regulatory requirements.

Central Bank of India announced the outcome of its Board Meeting held on April 30, 2026, where directors approved the audited standalone and consolidated financial results for Q4FY26 and the full fiscal year ended March 31, 2026. The bank also declared its fourth interim dividend and approved an ambitious capital raising plan for the upcoming fiscal year.

Board Meeting Outcomes and Dividend Declaration

The Board of Directors approved several key decisions during their meeting that commenced at 4:00 PM and concluded at 5:55 PM on April 30, 2026. The bank declared a fourth interim dividend of 6% (₹0.60 per equity share of ₹10 each) for FY 2025-26, with the record date fixed as Friday, May 8, 2026. This brings the total dividend for FY26 to ₹1.20 per share (12% on face value), including the three quarterly interim dividends already paid during the year.

Capital Raising Plan for FY 2026-27

The Board approved a comprehensive capital raising plan aggregating to ₹7,000 crore for FY 2026-27. The bank plans to raise funds through multiple modes including Follow-on Public Offer (FPO), Rights issue, Qualified Institutional Placement (QIP), Preferential issue, or any combination thereof. Additionally, the plan includes issuing Basel III compliant AT1/Tier II Bonds or other permitted securities, subject to necessary regulatory approvals.

Press Publication and Regulatory Compliance

Pursuant to SEBI Regulation 47, the bank submitted press clippings of its Q4FY26 financial results published on May 1, 2026, across multiple newspapers. The audited standalone and consolidated financial results were published in Business Standard (English), The Economic Times (English), Business Standard (Hindi), and Navarashtra (Marathi - Mumbai edition). This regulatory filing was communicated to both NSE and BSE through the Investors Relation Division.

Auditor Certification and Financial Oversight

The financial results received unmodified audit opinions from the bank's joint statutory auditors - ADB & Company, Amit Ray & Co., Jain Paras Bilala & Co., and Garg Ashok & Co. The auditors confirmed compliance with applicable accounting standards, Banking Regulation Act 1949 provisions, and RBI guidelines. The audit covered the Central Office, 14 zones, integrated treasury branch, top 20 branches, and 1,952 other branches audited by respective statutory branch auditors.

The Board meeting outcomes demonstrate the bank's commitment to strengthening its capital position while maintaining regular dividend payments to shareholders. The approved capital raising plan positions Central Bank of India for enhanced growth opportunities in the upcoming fiscal year, subject to regulatory clearances and market conditions.

Source: None/Company/INE483A01010/c15285b8-5964-4e86-9996-234b5270f668.pdf