PNB Gilts holds 30th AGM; proposes ₹2 dividend and director reappointments
- PNB Gilts held its 30th AGM on September 28, 2026, via Video Conferencing
- Proposed a final dividend of ₹2 per equity share for FY26
- Pareed Sunil reappointed as Director; Amit Kumar Srivastava proposed as new Director
- Statutory and Secretarial audit reports contained no material adverse remarks
*this image is generated using AI for illustrative purposes only.
PNB Gilts Ltd held its 30th Annual General Meeting on September 28, 2026, at 11:00 am (IST) through Video Conferencing. The meeting focused on adopting the audited financial statements for FY26 and approving key corporate actions including a final dividend and board changes.
The proceedings were chaired by Dr. Tejendra Mohan Bhasin, Independent Director and Chairman of the Nomination & Remuneration Committee. A quorum was present with 59 members participating virtually. The meeting commenced at 11:00 am and concluded at 11:48 am (IST), with the e-voting window remaining open for an additional 30 minutes until 12:18 pm.
Key resolutions and agenda items
The Board placed several ordinary and special business items before the shareholders for approval. These included the adoption of financial reports, dividend declaration, and appointments related to the board and auditors.
| Agenda Item | Type | Details |
|---|---|---|
| Adoption of Financials | Ordinary Resolution | Audited statements for year ended March 31, 2026 |
| Final Dividend | Ordinary Resolution | ₹2 per equity share of ₹10 each for FY26 |
| Director Reappointment | Ordinary Resolution | Pareed Sunil (MD & CEO) liable to retire by rotation |
| Auditor Remuneration | Ordinary Resolution | Fix remuneration for Statutory Auditors for FY27 |
| New Director Appointment | Ordinary Resolution | Amit Kumar Srivastava as Non-Executive Non-Independent Director |
| Related Party Transactions | Ordinary Resolution | Approval of existing and new transactions with promoter group |
Management and auditor participation
Managing Director and CEO Pareed Sunil presented the management speech, providing an overview of the company's performance during FY26. The Company Secretary and Compliance Officer, Monika Kochar, confirmed that there were no qualifications or adverse remarks in the reports of the Statutory Auditors, M/s RAJ HAR GOPAL & CO and M/s K VENKATACHALAM AIYER & CO, nor in the Secretarial Audit report by M/s Pranav Kumar & Associates.
The Company Secretary also read out the comments of the Comptroller and Auditor General of India (CAG) on the financial statements, noting that these comments do not have any material impact on the company's financial position. Other directors present included Gopal Singh Gusain, Raj Kamal Verma, Rekha Jain, Anju Mittal, and Pareed Sunil.
Voting and disclosure procedures
Shareholders were provided facilities to cast votes electronically via the NSDL platform. Remote e-voting had commenced on September 24, 2026, and ended on September 27, 2026. Members participating in the virtual meeting who had not voted remotely could cast their votes during the AGM session. The consolidated results of voting are expected to be declared within two working days from the conclusion of the meeting, subject to the scrutinizer's report.
Historical Stock Returns for PNB Gilts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.94% | -7.45% | -7.93% | +11.22% | -25.60% | 0.0% |
How will the appointment of Amit Kumar Srivastava as a Non-Executive Non-Independent Director influence PNB Gilts' strategic alignment with its promoter group?
What specific changes in the related party transaction framework were approved, and how might they impact future governance transparency?
Given the clean audit reports and CAG comments, what are the company's stated growth targets for the FY27 fiscal year?
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