Punjab & Sind Bank has appointed Shri Kristam Subba Raju Guptha as a Part-Time Non-Official Director on its Board. The Central Government issued the notification on August 12, 2026, exercising powers conferred by clause (h) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

The appointment is valid for a period of three years from the date of notification or until further orders, whichever is earlier. The bank disclosed that there are no relationships between the newly appointed director and existing board members.

Appointment Details

The bank filed the disclosure with the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A detailed profile of the appointee will be submitted separately.

Punjab & Sind Bank shareholders have approved the bank’s audited balance sheet and profit and loss account for the fiscal year ended March 31, 2026, alongside a dividend declaration of ₹0.39 per equity share for Financial Year 2025-26. The resolutions were passed with near-unanimous support during the bank’s 16th Annual General Meeting (AGM) held on July 28, 2026, via Video Conferencing/Other Audio Visual Means (OAVM). The high level of shareholder approval underscores strong confidence in the bank’s governance and financial reporting for the period.

The meeting was presided over by Swarup Kumar Saha, Managing Director and Chief Executive Officer, in accordance with Regulation 59 of the Punjab & Sind Bank (Shares & Meetings) Regulations, 2008. Saket Mehrotra, Company Secretary, submitted the proceedings to BSE Limited and the National Stock Exchange of India Ltd., pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The deemed venue for the meeting was the bank’s head office at 21, Rajendra Place, New Delhi.

Voting Results

Shareholders cast votes through remote e-voting from July 24 to July 27, 2026, and during the AGM on July 28, 2026. M/s S N Ananthasubramanian & Co, Company Secretaries, served as the Scrutinizer for the process. The consolidated voting results for both agenda items are detailed below:

A total of 332 shareholders participated in the voting process, comprising 318 via remote e-voting and 14 during the AGM. The cut-off date for determining voting entitlements was July 21, 2026. No shareholder other than the Central Government holds more than 10% of the total voting rights, meaning restrictions under Section 3(2E) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, were not applicable.

Dividend Details

The Board of Directors had recommended the dividend at its meeting on April 27, 2026. The dividend rate is ₹0.39 per Equity Share, representing 3.90% of the face value. Payments will be made to shareholders registered in the Register of Shareholders and the List of Beneficial Shareholders as received from depositories as of the record date, July 21, 2026. The bank committed to disbursing the dividend within 30 days from the date of the meeting.

What the Numbers Show

The overwhelming support for both resolutions—exceeding 99.9% assent—indicates minimal dissent among the bank’s retail and institutional investors regarding the FY25-26 financial performance and capital distribution policy. With only 26 dissenting votes on the accounts and 24 on the dividend out of over 677 crore total votes cast, the outcome reflects broad alignment between management’s reporting and shareholder expectations. The remote e-voting mechanism facilitated participation from 318 shareholders prior to the live meeting, ensuring wide accessibility for the government-owned entity.