Indian Bank has closed its trading window for designated persons and directors effective July 1, 2026, to prevent insider trading ahead of its financial results. The restriction will remain in force until 48 hours after the bank declares its financial results for the first quarter of FY 2026-27 ending on June 30, 2026. This measure ensures compliance with regulatory standards during the period leading up to the announcement of material financial information.

The closure applies to all dealings in the bank's listed securities, including shares and bonds. The bank cited the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, as the basis for this action. The decision was communicated to the National Stock Exchange of India Ltd (NSE) and BSE Ltd in a filing submitted on June 22, 2026.

Key Dates

The filing was signed by Dina Nath Kumar, AGM & Company Secretary of Indian Bank. The NSE symbol for the bank is INDIANB, and the BSE scrip code is 532814.

Indian Bank shareholders 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, during the 20th Annual General Meeting held on June 17, 2026. The meeting, conducted via video conferencing, also sanctioned a special resolution to raise equity capital aggregating up to ₹5000 crore to fund business growth. The record date for determining dividend eligibility was June 10, 2026, entitling shareholders holding shares on that date to the payout.

The equity capital raise will be executed through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), Rights Issue, or a combination thereof in one or more tranches. This initiative requires approvals from the Government of India, the Reserve Bank of India, and other regulatory authorities. The Board of Directors had initially approved the capital raise proposal in its meeting held on April 29, 2026.

Shareholders approved the re-appointment of Shri Ashutosh Choudhury as Executive Director for a period of three years effective from May 3, 2026. The tenure extension was authorized 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 during the meeting.

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 managed by Central Depository Services (India) Limited (CDSL) through remote e-voting and e-voting during the AGM.