State Bank of India has informed the stock exchanges of the completion of the three-year term of Smt. Swati Gupta as part-time non-official Director on the bank's board. The disclosure was made pursuant to Regulation 30 read with Clause 7 of Para A, Part A of Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director's Term Completion

The key details of this board-level development are outlined below:

Regulatory Disclosure

The communication was addressed to the Listing Departments of BSE Limited and the National Stock Exchange of India Limited. The disclosure was signed and submitted by Aruna N. Dak, DGM (Compliance & Company Secretary) at State Bank of India's Corporate Centre, Shares & Bonds Department, 14th Floor, State Bank Bhavan, Madame Cama Road, Mumbai – 400021, on 07.05.2026.

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:

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:

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.