SBI Cards holds 28th AGM on Aug 31, 2026, approves financial statements & interim dividend
SBI Cards held its 28th AGM on August 31, 2026. Key approvals included adopting the FY26 financial statements, fixing auditors' remuneration for FY27, and confirming the interim dividend of ₹2.50 per share for FY25-26. Material related party transactions with State Bank of India were also approved.
The AGM is a statutory requirement. The resolutions passed, such as adopting financial statements and approving interim dividends, are standard procedures and do not represent new or unexpected information that would significantly impact the company's operations or stock price.
The announcement is a routine update about the Annual General Meeting proceedings and resolutions passed, which are standard corporate events. There are no significant positive or negative financial or strategic developments highlighted.
SBI Cards and Payment Services Limited announced that its 28th Annual General Meeting (AGM) was held on Monday, August 31, 2026, commencing at 11:00 AM IST through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013, and relevant SEBI regulations.
During the AGM, members transacted resolutions concerning ordinary business, including the adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. The shareholders also authorized the Board to fix the remuneration for the Statutory Auditors for the financial year 2026-27 and confirmed the payment of an Interim Dividend of ₹2.50 per equity share (25%) for FY 2025-26.
Special business included the consideration and approval of Material Related Party Transactions with State Bank of India. Voting on these resolutions was conducted through remote e-voting from August 28 to August 30, 2026, with an additional opportunity for members attending the AGM to vote electronically. The presentation made by Smt. Salila Pande, Managing Director & CEO, was also enclosed. The meeting concluded at 11:56 AM IST.
A plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.