PNB AGM approves ₹3 dividend, appoints directors
Punjab National Bank's 25th Annual General Meeting approved a final dividend of ₹3 per equity share for the financial year 2025-26. Shareholders ratified material related party transactions with PNB Gilts Limited and PNB Housing Finance Ltd. Additionally, the meeting approved the appointment of Shri D. Anandan as a Government Nominee Director and the appointment of Shri Amit Kumar Srivastava as Executive Director, alongside the extension of Shri M. Paramasivam as Executive Director.
*this image is generated using AI for illustrative purposes only.
Punjab National Bank held its 25th Annual General Meeting on June 20, 2026, approving a final dividend of ₹3 per equity share for FY26 and appointing key directors. The meeting, conducted via Video Conferencing, saw shareholders pass seven ordinary resolutions, including the adoption of financial statements for the year ended March 31, 2026. The dividend declaration on a face value of ₹2 each received 99.9885% approval, with 10.4 billion votes cast in favour.
The Board's proposals for material related party transactions with PNB Gilts Limited and PNB Housing Finance Ltd. were ratified. The resolution for transactions with PNB Gilts Limited, covering securities and money market dealings, secured 99.9982% assent. Similarly, the resolution for loans and advances with PNB Housing Finance Ltd. was approved with 99.9583% votes in favour.
Key Resolutions and Voting Results
| Resolution | Votes For | Votes Against | % Assent |
|---|---|---|---|
| Final Dividend (₹3/share) | 10403836773 | 1199795 | 99.9885 |
| Adoption of Accounts | 10239728474 | 163332078 | 98.4300 |
| PNB Gilts Transactions | 2349933251 | 42259 | 99.9982 |
| PNB Housing Finance Transactions | 2349923518 | 981425 | 99.9583 |
| Appointment of Shri D. Anandan | 9743129895 | 661900436 | 93.6386 |
| Extension of Shri M. Paramasivam | 9884067203 | 520963211 | 94.9932 |
| Appointment of Shri Amit Kumar Srivastava | 9778864825 | 626164898 | 93.9821 |
Shri D. Anandan was appointed as the Government of India Nominee Director with 93.6386% of valid votes. The meeting also approved the extension of Shri M. Paramasivam as Executive Director and the appointment of Shri Amit Kumar Srivastava as Executive Director. The resolutions were scrutinized by M/s. Ragini Chokshi & Co., Company Secretaries, with remote e-voting conducted by National Securities Depository Limited.
Historical Stock Returns for Punjab National Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.74% | +2.45% | +9.33% | -8.52% | +3.12% | +169.90% |
How will the appointment of the new Executive Directors influence PNB's strategic priorities for FY27?
What is the outlook for dividend sustainability given the bank's capital adequacy and future growth plans?
Will the ratified related party transactions with PNB Gilts and PNB Housing Finance expand in the coming fiscal year?
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