Central Bank of India 19th AGM: Approves FY26 Results, Dividend, Director Appointments, and ₹7000 Cr Equity Raise
Central Bank of India's 19th AGM on July 31, 2026, approved FY26 standalone and consolidated results, and ₹1.20 per share interim dividend. Key appointments including MD & CEO Kalyan Kumar were confirmed. The bank will consider raising up to ₹7,000 crore in equity capital.
The approval of key leadership appointments and the plan to raise substantial equity capital (₹7000 crore) are material events that can significantly impact the bank's future operations, strategy, and financial structure.
The announcement details the approval of financial results, dividends, key management appointments, and a significant equity fundraising plan, all of which are positive developments for the bank.
Central Bank of India held its 19th Annual General Meeting (AGM) on Friday, July 31, 2026, at 03:00 p.m. IST, conducted via Video Conference (VC) or Other Audio Visual Means (OAVM).
The shareholders approved several key agenda items with the requisite majority. These included the Audited Standalone and Consolidated Balance Sheet and Profit and Loss Account for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports.
Additionally, the payment of four interim dividends, totaling ₹1.20 per equity share (12%) with a face value of ₹10 each for FY2025-26, was confirmed. The meeting also saw the approval of appointments for key directorial positions: Shri Baldeo Purushartha as Government Nominee Director, Shri Kalyan Kumar as Managing Director and Chief Executive Officer, Shri E. Ratan Kumar as Executive Director, and Shri Chandradeep Kumar Jha as Government Nominee Director.
Furthermore, the extension of Shri M V Murali Krishna's term as Executive Director was approved. A significant resolution passed was to consider raising equity capital up to ₹7,000 crore through various modes such as Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or Rights Issue. A copy of the Scrutinizer's report dated July 31, 2026, was enclosed with the announcement.
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