SBI Cards AGM Concludes: All Resolutions Passed with Overwhelming Majority
SBI Cards' 28th AGM on August 31, 2026, saw all resolutions passed with strong majority. Key approvals included the FY26 financial statements, auditor remuneration, interim dividend of ₹2.50 per share, and related party transactions with State Bank of India. Detailed voting results are available.
The AGM's outcome, particularly the approval of financial statements, dividend, and related party transactions, is material to the company's governance and ongoing operations, impacting shareholder confidence and regulatory compliance.
All resolutions were passed with a high majority, indicating strong shareholder support for the company's decisions and performance.
SBI Cards and Payment Services Limited held its 28th Annual General Meeting (AGM) on Monday, August 31, 2026, commencing at 11:00 A.M. IST, through Video Conferencing/Other Audio Visual Means. All resolutions presented at the AGM were duly passed with the requisite majority.
The resolutions included the consideration and adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. Shareholders also approved the authorization for the Board of Directors to fix the remuneration of the Statutory Auditors for the Financial Year 2026-27. Additionally, the payment of an interim dividend of ₹2.50 per equity share (25%) for the Financial Year ended March 31, 2026, was confirmed. Finally, material related party transactions with State Bank of India were considered and approved.
The voting results, compiled by Mr. Vineet K Chaudhary of M/s VKC & Associates, Company Secretaries, confirmed the overwhelming support for all agenda items. The detailed voting results and the Consolidated Scrutinizer's Report are available on the company's website, www.sbicard.com.
A plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.