AGM/EGM11 Jun 2026, 05:31 pm
Indian Overseas Bank Schedules 26th AGM for July 7, 2026
AI Summary
Indian Overseas Bank has announced its 26th Annual General Meeting (AGM) will be held on July 7, 2026, via Video Conference. Key agenda items include the adoption of audited financial statements for the year ended March 31, 2026, and approval for raising equity capital up to ₹5,000 crores through various instruments like Follow-on Public Offer or Rights Issue. The bank also plans to appropriate accumulated losses from the Share Premium account and seek an extension for the tenure of its MD & CEO, Shri Ajay Kumar Srivastava. The cut-off date for e-voting and participation is June 30, 2026.
Key Highlights
- 26th AGM scheduled for July 7, 2026, via VC/OAVM.
- Agenda includes adopting FY26 audited financials.
- Proposal to raise up to ₹5,000 crores in equity capital.
- Seeking approval for MD & CEO tenure extension.
- Cut-off date for e-voting is June 30, 2026.
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