Bank of Baroda Holds 30th Annual General Meeting; Key Resolutions Pass Including MD/CEO Reappointment
Bank of Baroda successfully concluded its 30th Annual General Meeting (AGM) on Tuesday, June 23, 2026. The meeting, held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), saw shareholders review the Bank’s financial performance and approve crucial resolutions spanning dividends, capital planning, and executive appointments.Dr. Debadatta Chand, MD & CEO of the Bank, chaired the AGM after confirming a quorum. The Chairman highlighted the institution's strong operational health, noting growth in business, higher profits, better asset quality, and consistent dividend payouts to shareholders.
The meeting proceedings covered various agenda items, including the adoption of the Balance Sheet and Profit and Loss Account for the financial year ended March 31, 2026, and the approval of the Capital Plan for the fiscal year 2026-27.
Key Resolutions and Appointments Approved
During the AGM, shareholders approved multiple resolutions related to the Bank's governance and future strategy. The approvals included:- The adoption of the Balance Sheet as on March 31, 2026, and the Profit and Loss Account for the year ended March 31, 2026.
- The approval and declaration of dividends for FY2025-26.
- The sanctioning of the Capital Plan 2026-27.
- The appointment of Shri Ashish Madhaorao More as a Non-Executive Director.
- The re-appointment of Shri Lalit Tyagi and Shri Sanjay Vinayak Mudaliar as Executive Directors.
- The re-appointment of Dr. Debadatta Chand as Managing Director and Chief Executive Officer.
Voting Results Summary
Shareholder participation in the AGM was recorded across both remote e-voting (held from June 19 to June 22, 2026) and the voting conducted at the meeting. The outcomes of critical resolutions were summarized by S. N. Ananthasubramanian & Co, who acted as the Scrutinizer for the event.The Consolidated Voting Results for selected agenda items are detailed below:
| Item No. | Description | Total Votes Cast (Remote e-voting) | Assent Percentage (%) | Total Votes Cast at AGM | Assent Percentage (%) |
|---|---|---|---|---|---|
| 1 | Approval of Balance Sheet and P&L Account for FY 2025-26 | 4,69,94,08,801 (2,435) | 97.4480% | 4,69,94,13,957 (2,449) | N/A |
| 2 | Approval of Dividend for FY2025-26 | 4,70,27,56,312 (2,415) | 99.9997% | 4,70,27,61,478 (2,429) | N/A |
| 3 | Approval of Capital Plan 2026-27 (Special Resolution) | 4,70,04,31,810 (2,400) | 99.9502% | 4,70,27,72,989 (2,452) | N/A |
| 7 | Re-appointment of Dr. Debadatta Chand as MD and CEO | 4,70,27,66,489 (2,448) | 99.3980% | 4,70,27,71,655 (2,462) | N/A |
The Scrutinizer's Report confirmed that all votes cast by the members were valid and reported that six Ordinary Resolutions (Items 1, 2, 4, 5, 6, and 7) and one Special Resolution (Item 3) had been passed with requisite majority.
BANKBARODA Stock Price Movement
Bank of Baroda shares slipped, closing today at ₹277.80 after shedding ₹8.40, which equated to a 2.94% decline. The stock traded against an intraday range that spanned from a low of ₹276.90, with 9.67 million shares accounted for in the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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