SBI Cards shareholders approve key appointments, financial statements

SBI Cards and Payment Services Limited announced the successful passage of all nine resolutions at its 27th Annual General Meeting (AGM) held on Friday, August 29, 2025. The resolutions were approved with the requisite majority via remote e-voting and e-voting during the AGM. Key approvals included the adoption of audited financial statements for the fiscal year ended March 31, 2025, and authorization for the board of directors to fix the remuneration of statutory auditors for FY 2025-26.

Shareholders also confirmed the payment of an interim dividend of INR 2.50 per equity share. Material Related Party Transactions with State Bank of India and SBI Capital Markets Limited were approved. Additionally, the AGM authorized the board to borrow money in excess of paid-up capital and free reserves and to create a charge on the company's assets for its borrowings.

The company also announced the approval of Mr. Rajnikant Patel as an independent director for a three-year term from August 13, 2025, to August 12, 2028. M/s Agarwal S. & Associates, company secretaries, were appointed as secretarial auditors for five consecutive financial years, from FY 2025-26 to FY 2029-30.