AGM/EGM17 Sept 2026, 10:20 pm
PNB EGM for Shareholder Director Election Cancelled
AI Summary
Punjab National Bank's Extraordinary General Meeting (EGM) scheduled for September 25, 2026, to elect a Shareholder Director has been cancelled. This decision was made because only one nomination, that of Smt. Vandana Bhagavatula, was found to be 'FIT and PROPER' by the Board of Directors. Consequently, Smt. Bhagavatula is deemed elected as the Shareholder Director, extending her term for three years from October 5, 2026. Her extensive experience in accountancy, banking, finance, audit, and risk was noted.
Key Highlights
- EGM for Shareholder Director election cancelled.
- Smt. Vandana Bhagavatula deemed elected as sole valid nominee.
- Her term as Shareholder Director extended for three years.
- No inter se relationship with other bank directors.
- Not debarred by any SEBI order or authority.
Price Impact
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