Indian Bank — Others, 24-05-2025: Shareholders meeting

Indian Bank has announced a board meeting to conduct its 19th AGM where it will approve the financial results for the quarter and half-year. The bank plans to declare a dividend on equity shares and reappoint Shri Binod Kumar as MD & CEO for three years. Shri Vishvesh Kumar Goel and Shri Balmukund Sahay will be reappointed as part-time non-official directors for one year. M/s. Shanmugam Rajendran & Associates LLP will be appointed as Secretarial Auditor for five years. The bank also seeks shareholder approval to raise up to Rs. 5000 Cr equity capital via QIP/FPO/Rights Issue to support growth and capital adequacy. Voting will be held through remote e-voting and during the AGM.