RBL Bank EGM approves capital increase, foreign ownership cap, and amalgamation scheme

RBL Bank Limited held an Extraordinary General Meeting (EGM) on November 12, 2025, at 11:30 a.m. IST to deliberate on crucial resolutions. Among the key approvals sought were an increase in the authorized share capital and subsequent alteration of the capital clause in the memorandum of association, alongside the issuance of equity shares via a preferential private placement.

Further resolutions included amendments to the articles of association, granting special rights for director nomination to an identified shareholder, and an approval for a 24% cap on aggregate foreign ownership. The EGM also addressed the consideration and approval of a scheme of amalgamation, requiring a requisite majority as prescribed under Section 44A(1) of the Banking Regulation Act, 1949.

The meeting concluded at 1:17 p.m. IST, following discussions and a vote of thanks. The proceedings and voting results, scrutinized by Mr. S N Viswanathan, practicing company secretary, will be uploaded on RBL Bank's website and disclosed to stock exchanges.