IndusInd Bank shareholders approved the appointment of three new directors and a final dividend of ₹1.50 per share at its 32nd Annual General Meeting held on August 27, 2026. The meeting was chaired by Chairman Arijit Basu via video conference, with 82 members attending.

Ms. Mini Ipe was appointed as Non-Executive Independent Director for four years, effective August 3, 2026. Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy were appointed as Executive Directors (Whole-time Directors) for three years, effective August 4, 2026.

Key Resolutions Passed

All 10 resolutions received shareholder approval, with voting support ranging from 96.34% to 100%. The results were scrutinized by Alwyn D'souza of M/s Alwyn Jay & Co. The remote e-voting facility was open from August 24 to August 26, 2026.

Board Composition Changes

The bank strengthened its executive leadership by appointing two new Whole-time Directors. Mr. Ganesh Sankaran brings over three decades of experience across Wholesale, Retail Credit, and SME sectors from Axis Bank, Federal Bank, and HDFC Bank. Mr. Jagdeep Mallareddy joins with extensive experience in retail banking and lending from Piramal Finance Limited and Axis Bank.

Additionally, Ms. Mini Ipe, former Managing Director of Life Insurance Corporation of India (LIC), was appointed as a Non-Executive Independent Director. She brings over 37 years of leadership experience in insurance, banking, and financial services.

Mr. Sudip Basu was re-appointed as a Director upon retirement by rotation. The Secretarial Auditor’s report for FY25-26 contained no qualifications.

What the Numbers Show

The promoter group held 117,516,010 shares as on the record date of August 21, 2026, representing approximately 15% of the total outstanding shares of 779,140,552. The promoter group voted in favor of all resolutions without any dissenting votes, indicating strong alignment with the management's proposed agenda for FY27.

IndusInd Bank has joined the Partnership for Carbon Accounting Financials (PCAF), marking a significant step in its sustainability journey. The global collaboration, which includes more than 750 financial institutions, aims to develop and implement a harmonised approach for measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities.

Strategic alignment

The bank announced its membership on August 17, 2026, as part of its broader effort to integrate environmental, social and governance (ESG) considerations into its business strategy and risk management processes. By adopting the PCAF methodology, IndusInd Bank aims to establish a credible baseline for emissions linked to its financial activities.

This framework allows the institution to assess climate-related risks and opportunities while supporting the transition to a more sustainable economy. PCAF is recognised as the leading framework for Scope 3 Category 15 accounting, enabling members to identify decarbonisation opportunities across sectors and support customers in transitioning towards lower-carbon business models.

Sustainability focus

IndusInd Bank has been advancing its sustainable finance agenda by financing renewable energy, energy efficiency, sustainable infrastructure, and other climate-positive sectors. The partnership strengthens the bank's commitment to measuring and managing emissions associated with financial activities in support of a low-carbon economy.

The bank serves around 42 million customers through 3,137 branches and banking outlets, along with 2,853 ATMs, reaching 1.60 lakh villages across India. It also caters to the Indian diaspora with representative offices in Dubai and Abu Dhabi.