State Bank of India Publishes Director Election Notice with 8 Candidates for AGM

2 min read     Updated on 29 Apr 2026, 10:00 PM
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AI Summary

State Bank of India has published official gazette notification and newspaper advertisements listing 8 validly nominated candidates for the election of 4 directors at its AGM scheduled for May 15, 2026. The notice appeared in the Gazette of India on April 28, 2026, and in multiple newspapers on April 29, 2026. The AGM will be conducted through video conferencing at State Bank Auditorium, Mumbai. Candidates have until May 11, 2026, at 5:00 PM to withdraw nominations if desired.

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State Bank of India has officially published gazette notification and newspaper advertisements regarding the validly nominated candidates for the election of directors at its upcoming Annual General Meeting (AGM). The comprehensive notice outlines the electoral process for selecting 4 directors to the Central Board under the provisions of Section 19(c) of the State Bank of India Act, 1955.

Publication Details

The bank submitted copies of notices published across multiple platforms to ensure widespread dissemination of information:

Publication Type: Details
Gazette Publication: Gazette of India on April 28, 2026
Newspaper Advertisement: Business Standard (English & Hindi) on April 29, 2026
Regional Publication: Aapla Mahanagar (Marathi) on April 29, 2026
Reference Letter: CC/S&B/AND/2026-27/79 dated April 27, 2026

AGM Schedule and Format

The Annual General Meeting is scheduled for Friday, May 15, 2026, at 3:00 PM at State Bank Auditorium, State Bank Bhavan, Madame Cama Road, Mumbai – 400021 (Maharashtra). Following current practices, the meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) to ensure broader participation.

Validly Nominated Candidates

Against the 4 director vacancies, the bank received 8 valid nominations in accordance with Section 19A of the State Bank of India Act, 1955, read with the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025. The validly nominated candidates are:

Sr. No.: Candidate Name Present Address
1. Shri Arun Ananth Kamath A-304, Samartha Aangan III, Oshiwara, Andheri West, Mumbai – 400053 (Maharashtra)
2. Shri K.R. Ashok Tower 14, Flat No. 1903, Runwal Gardens Phase 2, Kalyan Shil Road, Dombivli (E), Thane – 421204 (Maharashtra)
3. Shri Dharmendra Singh Shekhawat Plot No. 9, Tirupati Vatika Macheda Scheme 4C, New Loha Mandi Road, Jaipur - 302039 (Rajasthan)
4. Shri Khurshed Rustom Dordi 1/3 Gurudeo Hatiskar Marg, Prabhadevi, Mumbai – 400025 (Maharashtra)
5. Shri Deepak Arora 06, Cha-13, Jawahar Nagar, Jaipur-302004 (Rajasthan)
6. Shri Sandeep Natwarlal Shah 11-B, Miramar, 3 Nepeansea Road, Near Stephen Church, Mumbai- 400036 (Maharashtra)
7. Dr. Sandhya Shekhar 44, 3rd Street, Park Avenue, Velachery, Chennai – 600042 (Tamil Nadu)
8. Shri Sanjay Kapoor H.No. 296, Sector 15, Panchkula-134112 (Haryana)

Nomination Withdrawal Process

Candidates who wish to withdraw their nominations must follow a specific procedure. Any candidate intending to withdraw must deliver a request in physical form to the Managing Director (Corporate Banking & Subsidiaries), State Bank of India, State Bank Bhavan, Madame Cama Road, Nariman Point, Mumbai-400021 (Maharashtra) on or before May 11, 2026, by 5:00 PM.

Regulatory Compliance

The entire process adheres to the regulatory framework established under the State Bank of India Act, 1955, and incorporates guidelines from the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025. The notice was signed by Ashwini Kumar Tewari, Managing Director, and processed through the bank's Shares & Bonds Department at the Corporate Centre.

This election process represents a crucial governance milestone for the country's largest public sector bank, ensuring proper representation and oversight through democratically elected directors to the Central Board.

Historical Stock Returns for State Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.70%-3.16%+4.80%+13.70%+31.49%+197.29%

How might the composition and expertise of the newly elected directors influence SBI's strategic direction and digital transformation initiatives?

What impact could the new board composition have on SBI's lending policies and risk management practices in the current economic environment?

Will the election outcome affect SBI's expansion plans in international markets or its competitive positioning against private sector banks?

Zydus Wellness Publishes Saksham Niveshak Campaign Notice in Newspapers

1 min read     Updated on 23 Apr 2026, 04:24 AM
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AI Summary

Zydus Wellness Limited has published a comprehensive newspaper notice regarding the IEPFA's Second 100 Days Campaign 'Saksham Niveshak' running from April 1-July 9, 2026. The notice, published in Financial Express English and Gujarati editions, urges shareholders with unpaid/unclaimed dividends to update KYC details and contact RTA MUFG Intime India Private Limited to prevent share transfers to IEPF.

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Zydus Wellness Limited has published a newspaper notice regarding the Second 100 Days Campaign 'Saksham Niveshak' in the Financial Express English and Gujarati editions on April 22, 2026. The notice was communicated to stock exchanges BSE Limited and National Stock Exchange of India Limited through a formal letter dated April 22, 2026.

Campaign Details

The Investor Education and Protection Fund Authority (IEPFA) has launched the second 100 days campaign 'Saksham Niveshak' from April 1, 2026 to July 9, 2026. The campaign specifically targets shareholders whose dividends have remained unpaid or unclaimed.

Parameter: Details
Campaign Duration: April 1, 2026 to July 9, 2026
Target Audience: Shareholders with unpaid/unclaimed dividends
Objective: KYC updates and dividend claims
Publication Date: April 22, 2026

Shareholder Action Required

Shareholders with unpaid or unclaimed dividends, or those required to update their KYC and nomination details, are requested to contact the company's Registrar and Share Transfer Agent. The RTA is MUFG Intime India Private Limited (formerly Link Intime India Private Limited), located at 5th Floor, 506 to 508, Amarnath Business Centre – I, Besides Gala Business Centre, Off C. G. Road, Ellisbridge, Ahmedabad-380006.

Contact Information

For assistance, shareholders can reach out through multiple channels:

Contact Type: Details
RTA Phone: 079-26465179/86/87
RTA Email: ahmedabad@in.mpms.mufg.com
Company Nodal Officer: Nandish.Joshi@zyduswellness.com
Company Secretary: Nandish P. Joshi (ACS39036)

Important Notice

The campaign has been initiated specifically to reach out to shareholders to update their KYC and nomination details. Shareholders are urged to update their details and claim unpaid or unclaimed dividends to prevent their shares from being transferred to the IEPFA. The notice is also available on the company's website at www.zyduswellness.com and on the websites of stock exchanges where the company's equity shares are listed.

Historical Stock Returns for State Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.70%-3.16%+4.80%+13.70%+31.49%+197.29%

What potential impact could widespread share transfers to IEPFA have on Zydus Wellness's shareholding pattern and governance structure?

How might the success rate of this campaign influence SEBI's future regulatory requirements for investor outreach programs?

Could the emphasis on KYC updates signal upcoming regulatory changes that may affect dividend distribution processes across Indian markets?

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1 Year Returns:+31.49%