Ujjivan Small Finance Bank Completes 10th Annual General Meeting; Approves Rs 2,000 Crore Fund Raising Plan
Ujjivan Small Finance Bank Ltd held its 10th Annual General Meeting (AGM) on Friday, July 24, 2026. The meeting, which was conducted through Video Conferencing/Other Audio-Visual Means, saw members approve several key resolutions related to financial statements, management appointments, and the approval of a major fund raising plan.The AGM concluded with the Chairman thanking all shareholders, directors, and invitees. Directors present at the meeting included Mr. B.A. Prabhakar (Part Time Chairman & Independent Director), Mr. Sanjeev Nautiyal (MD & CEO), Ms. Carol Furtado (WTD), and several other independent directors and management team executives.
###Key Resolutions and Voting Outcomes
The AGM focused on seven primary resolutions, covering the adoption of audited financial statements, executive appointments, stock option plan amendments, and strategic fund raising. The voting results for all resolutions were analyzed by the Scrutinizer, Mr. Pradeep B Kulkarni of M/s V Sreedharan and Associates.
Regarding the approval to raise funds and issue securities up to Rs 2,000 Crores through qualified institutions placement or other permissible modes, the resolution received strong support. Of the total votes cast (87,87,46,859), nearly 98.27% were in favour.
Key results from the resolutions reviewed during the AGM are summarized below:
| Resolution | Purpose | Outcome Summary |
|---|---|---|
| Item No. 1 | To receive and adopt audited Financial Statements for FY ended March 31, 2026. | Over 99.98% of total valid votes cast were in favour. |
| Item No. 2 | Reappointment of Mr. Sanjeev Nautiyal (MD & CEO). | The resolution received near unanimous support, with over 99.81% of total votes cast in favour. |
| Item No. 3 | To approve amendment to the Employee Stock Option Plan, 2019. | The special resolution was approved by 97.63%. |
| Item No. 4 | To approve the 'Ujjivan Restricted Stock Units Plan - 2026'. | This plan received approval with 91.35% of votes in favour. |
| Item No. 5 | To consider and approve raising funds up to Rs 2,000 Crores. | The special resolution was passed by a majority of over 98.27%. |
| Item No. 6 | Payment of annual fixed remuneration to Mr. B.A. Prabhakar (Non-Executive Part-Time Chairman). | Voting support for the payment stood at 99.98%. |
| Item No. 7 | Payment of Annual fixed remuneration to Non-Executive Directors. | The resolution received approval with 99.98% of votes in favour. |
Focus on Fund Raising and Management Approvals
The special resolution concerning the raising of funds up to Rs 2,000 Crores witnessed significant engagement across different voting categories (Public Institutions and Public Non-Institutions). The outcome confirmed high investor confidence regarding the bank's capacity for expansion through secured capital generation.Members attended the meeting, which had commenced at 3:30 P.M. IST and concluded at 4:09 P.M. IST. A total of 68 members were recorded as present at the AGM.
The Scrutinizer's Report confirmed that the remote e-voting period ran from Tuesday, July 21, 2026, at 9:00 A.M. IST until Thursday, July 23, 2026, at 5:00 P.M. IST.
The Scrutinizer also reported that the Statutory Auditors and Secretarial Auditor provided unqualified and unmodified opinions in their respective reports for FY 2025-26, which were taken as read by the members upon circulation of the Annual Report.
UJJIVANSFB Stock Price Movement
On Friday, shares of Ujjivan Small Finance Bank Limited advanced, concluding the trading session at ₹70.72 after gaining 2.86%, or ₹1.97. The stock was heavily traded as volume reached 68.53 million shares during the day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.