Canara Bank : 23rd AGM Proceedings, Voting Results & Scrutinizer's Report- 26 June 2025

Ref:SD:144/145/11/12:2025-26 26.06.2025

The Vice President Listing Department

National Stock Exchange of India Ltd EXCHANGE PLAZA

Bandra-Kurla Complex, Bandra [E] MUMBAI - 400 051

Scrip Code: CANBK

The Vice President BSE Ltd.

Phiroze Jeejeebhoy Towers Dalal Street

MUMBAI - 400 001

Scrip Code: 532483

Dear Sir/Madam, Sub: 23rd AGM of the Bank through VC/OAVM on 26.06.2025 - Submission of Proceedings, Voting Results and Scrutinizer's Report. Ref: Regulation 30 and 44 (3) of SEBI (LODR) Regulations, 2015

We submit the Proceedings of the 23rdAnnual General Meeting.

1. Date of the 23rdAnnual General Meeting : 26.06.2025

2. Total Number of Shareholders as on 19.06.2025 : 1745441

3. Number of Shareholders who attended the AGM:

   Promoter and Promoter Group	1
   Public	65

   Agenda of the Meeting:

   Item No.1: To discuss, approve and adopt the Audited Balance Sheet of the Bank as on 31stMarch 2025, Profit and Loss Account for the year ended 31stMarch, 2025, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors report on the Balance Sheet and Accounts.

   Item No.2: To declare dividend for the financial year 2024-25.

   Item No.3: To appoint Shri. S K Majumdar as an Executive Director of the Bank.

   Item No.4: To appoint Secretarial Auditor of the Bank for a term of five years commencing from the FY 2025-26.

   Item No.5: To reappoint Ms. Nalini Padmanabhan as Part-time Non-Official Director of the Bank.

   Mode of Voting: Remote e-Voting and e-Voting at the meeting. Results : Item No.1 to 4 passed as Ordinary Resolution.

   Item No.5 passed as Special Resolution.

   Yours faithfully,

   KUMAR BARIK

   SANTOSH

   Digitally signed by SANTOSH KUMAR BARIK

   Date: 2025.06.26

   18:14:46 +05'30'

   SANTOSH KUMAR BARIK COMPANY SECRETARY Encl: 1. Proceedings of the 23rdsAGM
   1. Consolidated Report of the Scrutinizers
   2. Consolidated results of e-Voting and voting at the AGM as per SEBI format

सचिवीय चवभाग	Secretarial Department
प्रधान कार्ाालर्	Head Office	F [phone]
112, जे सी रोड, बेंगलूरु - 560002	112 J C Road, Bengaluru - 560002	T [phone]
E-Mail - [e-mail]	https://www.canarabank.com

ANENXURE -1 PROCEEDINGS Twenty Third Annual General Meeting of the Bank through VC/OAVM

• In accordance with our intimation dated 08.05.2025 and AGM Notice dated 30.05.2025, the Twenty Third Annual General Meeting of the Bank through Video -Conferencing (VC) /Other Audio-Visual Means (OAVM) was held on Thursday, the June 26, 2025, at 11.00 A.M. (IST) at Head Office, Canara Bank, Bengaluru - 560

  002 (the deemed venue of the meeting) in compliance with MCA (Ministry of Corporate Affairs)/ SEBI / GoI guidelines.

• Pursuant to Regulation 59 of the Canara Bank (Shares and Meetings) Regulations, 2000, Shri Vijay Srirangan, Chairman of the Bank took the Chair (Chairman of the Meeting).

• At the request of the Chairman of the Meeting, Shri Santosh Kumar Barik, Company Secretary of the Bank informed the Chairman that 66 (Sixty-Six) Shareholders were present, which satisfies the Quorum requirement as per Regulation 58(i) of Canara Bank (Shares and Meetings) Regulations, 2000.

• The Chairman welcomed the shareholders to the Twenty Third Annual General Meeting of the Bank. The Chairman took note that 66 (Sixty-Six) Shareholders were present at the Meeting. He announced that in accordance with Regulation 58(i) of Canara Bank (Shares and Meetings) Regulations, 2000 the requisite Quorum was present and called the 23rd Annual General Meeting to Order.

• The Chairman then introduced the Directors present at the e-AGM to the Shareholders. The Chairpersons of the Audit Committee of the Board and the Stakeholders' Relationship Committee were also present at the meeting. With the permission of the Shareholders present, the Notice dated 30.05.2025 convening the 23rdAnnual General Meeting was taken as read.

• One authorized representative of GoI attended the meeting through VC/OAVM.

  Chairman of the Bank welcomed the Shareholders and presented the Annual Report of the Bank for the Financial Year 2024-25. He expressed his deep condolences to the bereaved families of the tragic Ahmedabad air crash victims. Further expressed his heartfelt gratitude to each Stakeholder for their invaluable partnership with Canara Bank and steadfast support. The Chairman highlighted that the global growth forecast for 2025 has been revised downwards from 3.1% to 2.8% and the World Banks' Global Economic prospects report, June 2025 pegs global GDP growth this calendar year at 2.3%, the lowest in 17 years, barring recession periods. The domestic economy exhibited resilience and the outlook for domestic economic activity remains relatively robust, driven by sustained push in public capex, momentum building up in the manufacturing and services sectors, improving business sentiment and healthy Corporate & Bank balance sheets. The International Monetary Fund (IMF) has maintained India's growth projection for FY 2025-26 at 6.3%. World Bank has pegged its growth forecast for the Indian economy for FY 2025-26 at 6.3%, down from its previous estimate of 6.7% but still helping us to retain the fastest growing economy tag. As per Reserve Bank of India's (RBI) latest forecast, India's economic growth is estimated at 6.5% for FY 2025-26 and headline inflation at 3.7% assuming a normal monsoon.

  सिचवीय िवभाग	Secretarial Department
  Ůधान कायाŊलय	Head Office	F [phone]
  112, जे सी रोड, बŐगलूŜ - 560002	112 J C Road, Bengaluru - 560002	T [phone]

  The Banking system liquidity remained tight. However, the Bank achieved spectacular results for the year ended March 2025. Robust economic growth and healthy balance sheets of banks bode well for credit growth in FY26.

  He drew attention to the Key digital initiatives of the Bank, that the Bank is at the forefront in Artificial Intelligence and has implemented both Gen AI and Agentic AI use cases, by going a level further and is leveraging other advanced new-age technologies. Bank has made use of permitted advanced technology for providing Digital Rupee Application to its customers. The Bank has integrated with the Unified Lending Interface (ULI), developed by RBI Innovation Hub, to enhance digital lending journeys. The Bank has a Board-approved fintech policy.

  Also, our Bank has continued to garner recognition in the industry, being the recipient of several awards and accolades. The Bank is well-positioned to capitalize evolving business opportunities in a dynamic landscape. Bank has been conducting "Strategy meetings" for effective strategy formulation and fostering alignment with its vision among all stakeholders. The bank is steadfast in its commitment to its founding principles of serving the society at large.

  The Chairman extended his genuine gratitude to all Canarites, and acknowledged the support and guidance from the Government of India and the RBI. He thanked Securities & Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), National Bank for Agriculture and Rural Development (NABARD), National Payment Corporation of India (NPCI), National Housing Bank (NHB), other key institutions and regulatory bodies, the investor community and Media. He sought ongoing support, patronage, and input from all stakeholders in taking our Bank to new heights during FY 2026 and beyond.

  The Chairman informed that in terms of Regulation 44 of SEBI (LODR) Regulations, 2015 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, Shareholders of the Bank were extended the facility to vote on the items on the agenda of the Twenty Third Annual General Meeting by electronic means.

  • The remote e-voting was held from 09.00 A.M. (IST) of June 23, 2025 to 05.00

    P.M. (IST) of June 25, 2025. The Bank had appointed KFin Technologies Limited as e-voting agency.

  • Shareholders who have not availed of the remote e-voting facility were permitted to e-vote at the meeting in respect of the agendas to be transacted at the AGM.

  • M/s S N ANANTHASUBRAMANIAN & Co., Company Secretaries were appointed as the Scrutinizers to oversee the e-voting process.

• The Chairman then took up the Agenda items 1 to 5 for approval of shareholders.

  st

  1. To discuss, approve and adopt the Audited Balance Sheet of the Bank as at 31

     st

     March 2025, Profit & Loss account for the year ended 31 March 2025, the Report

     of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.

  2. To declare dividend for the financial year 2024-25.

     The Board of Directors of the Bank has recommended a dividend of Rs. 4/- per equity share (i.e. 200% of face value of Rs. 2/- each) to the Shareholders for the financial year 2024-25, subject to the approval of shareholders at the 23rdAGM.

     सिचवीय िवभाग	Secretarial Department
     Ůधान कायाŊलय	Head Office	F [phone]
     112, जे सी रोड, बŐगलूŜ - 560002	112 J C Road, Bengaluru - 560002	T [phone]

     The dividend will be paid to those Shareholders whose names appear on the Registerof Shareholders/Beneficial Owners as furnished by NSDL/CDSL as on 13thJune, 2025 being record date for the purpose. The dividend will be paid to the Shareholders within 30 days from the date of declaration at the Annual General Meeting (26thJune 2025). The Bank is obligated to deduct TDS on payment of dividend based on the records available with RTA.

  3. To appoint Shri. S K Majumdar as an Executive Director of the Bank.

     Shri S K Majumdar, aged 56 years, is an accomplished banking professional with over 25 years of extensive experience in the industry. He is a Chartered Accountant and Cost Accountant by qualification.

     He has been associated with the bank since January 2000 and has served in various capacities across branches and administrative offices which includes project finance. Over the years, he has held key leadership roles, heading Large Corporate Branches, New York branch and Large Corporate Credit Wing. He has also served the bank as Circle Head, Delhi before taking charge as Group Chief Financial Officer (GCFO) of the bank till his elevation as Executive Director.

     Shri S K Majumdar has taken charge as Executive Director of Canara Bank on 24.03.2025.

  4. To appoint Secretarial Auditor of the Bank for a term of five years commencing from the FY 2025-26.

     M/s. Ragini Chokshi & Co., Practicing Company Secretaries, Mumbai is appointed on the basis of fulfilling the eligibility criteria as well as submitting the lowest quote. Mrs. Ragini Chokshi, senior and founding partner of the firm, is a fellow member of the Institute of Company Secretaries of India and is having more than 30 years' experience as Company Secretary in practice. The PCS is currently serving as Secretarial Auditor of Public Sector Banks.

  5. To reappoint Ms. Nalini Padmanabhan as Part-time Non-Official Director of the Bank.

  Ms. Nalini Padmanabhan, was appointed as Part-Time Non-Official Director on the Board of Directors of Canara Bank, for the period of three years w.e.f. 21stDecember, 2021 and her tenure was completed on 20thDecember, 2024.

  Ms. Nalini Padmanabhan, aged 60 years, is B.Com, FCA, DISA, CISA and a fellow member of the Institute of Chartered Accountants of India. She is a Practicing Chartered Accountant and a Senior Partner at B. Thiagarajan & Co., Chartered Accountants, Chennai. She is having more than three decades of work experience and knowledge in Accounting, Auditing, Banking, Finance and various other industries. She has served as an Independent Director in NLC India Limited, NLC Tamil Nadu Power Limited. and Indradhanush Gas Grid Limited. She has also served as an Independent Director in State Bank of India (Chennai Local Board).

  Ms. Nalini Padmanabhan has taken charge as Part-Time Non-Official Director of Canara Bank on 11thApril, 2025.

  सिचवीय िवभाग	Secretarial Department
  Ůधान कायाŊलय	Head Office	F [phone]
  112, जे सी रोड, बŐगलूŜ - 560002	112 J C Road, Bengaluru - 560002	T [phone]

• The Chairman invited the Shareholders present to participate in the discussions on the five agenda items and the shareholders actively participated.

• After active participation by various speaker shareholders, the Chairman and MD&CEO responded to their queries and furnished clarifications to the issues connected with the agenda items and on activities of the bank during the period under review.

• The Chairman informed that the Results of the voting held at the meeting aggregated with the Results of e-voting will be placed on the website of the Bank and also on the websites of BSE Limited, National Stock Exchange Limited and KFin Technologies Limited, the R & T Agents/ the agency appointed for e-voting process within two working days.

• Thereafter the Chairman thanked all the Shareholders for the presence & support and informed that e-voting facility is available for the members who have not cast their votes.

• The Chairman declared the Twenty Third Annual General Meeting as concluded once the Shareholders present at the meeting cast their e-votes.

• Based on the Report of the Scrutinizers, all the agenda items were passed with requisite majority.

Place: Bengaluru Date: 26th June 2025

सिचवीय िवभाग	Secretarial Department
Ůधान कायाŊलय	Head Office	F [phone]
112, जे सी रोड, बŐगलूŜ - 560002	112 J C Road, Bengaluru - 560002	T [phone]