Indian Bank shareholders have approved a dividend of ₹18.25 per equity share, equivalent to 182.50% of the paid-up equity capital for the financial year 2025-26. The decision was taken during the bank's 20th Annual General Meeting held on June 17, 2026, through video conferencing. The record date for determining dividend eligibility was fixed as June 10, 2026, entitling all shareholders holding shares on that date to the payout.

The meeting also saw the approval of a special resolution to raise equity capital aggregating up to ₹5000 crore, including premium. The bank plans to utilize these funds through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), Rights Issue, or a combination thereof in one or more tranches. This capital raise is intended to provide necessary support to fund business growth, subject to approvals from the Government of India, the Reserve Bank of India, and other regulatory authorities.

Shareholders approved the re-appointment of Shri Ashutosh Choudhury as Executive Director of the bank for a period of three years effective from May 3, 2026. The appointment was extended by the Central Government via a Gazette Notification dated April 23, 2026. Additionally, the audited financial statements for the year ended March 31, 2026, were adopted.

Voting Results

The Scrutinizer's Report confirmed that all three ordinary resolutions and the special resolution were passed with the requisite majority. The voting process was conducted via remote e-voting and e-voting during the AGM, managed by Central Depository Services (India) Limited (CDSL).

Indian Bank held a one-on-one interaction with GIC Re on June 16, 2026, to discuss business matters. The meeting was conducted in physical mode, adhering to regulatory protocols for investor engagement. Discussions during the session were strictly limited to information already available in the public domain, ensuring compliance with disclosure norms.

Meeting Details

The meeting was held under the framework of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events, including interactions with institutional investors. The disclosure was formally submitted to the National Stock Exchange of India Ltd. and BSE Ltd.

Participants and Mode

The interaction involved representatives from Indian Bank and GIC Re. The meeting was conducted via a physical mode, allowing for direct dialogue between the bank's management and the institution.

The disclosure was signed by Dina Nath Kumar, AGM & Company Secretary of Indian Bank, confirming the details of the interaction.