Jana Small Finance Bank Holds 19th Annual General Meeting, Reports Performance for FY 2024-25

Jana Small Finance Bank Limited conducted its 19th Annual General Meeting (AGM) on Wednesday, August 29, 2025, through video conferencing and other audio-visual means, in compliance with Ministry of Corporate Affairs and SEBI guidelines.

An Annual General Meeting (AGM) is a yearly gathering of a company’s shareholders, directors, and management. Its main purpose is to present the company’s annual report, including financial performance, business progress, and future plans. Detailed Explanation of AGM is given at last.

The meeting was chaired by Mr. Ramaseshan and was attended by 59 members, fulfilling the quorum requirement. Mrs. Lakshmi R N, Company Secretary and Compliance Officer, confirmed that the AGM notice and Annual Report for FY 2024-25 had already been circulated to members, and that voting on resolutions was carried out through remote e-voting.

During the proceedings, Mr. Ajay Kanwal, Managing Director & CEO, presented the Bank’s performance for FY 2024-25 and addressed queries from shareholders. He assured members of the Bank’s continued focus on growth, customer service, and strengthening governance practices.

The Chairman also introduced the Board of Directors, which includes senior leaders such as Mr. K S Raman (Executive Director), Mrs. Chitra Talwar, Dr. Subhash Khuntia, Mr. K Srinivas Nayak, Mr. P Vijaya Kumar, and Mr. Dinesh Patwari, who chair various key committees of the Bank.

Shareholders who had not cast their vote earlier were given an opportunity to vote electronically during the meeting. The results of remote and live e-voting will be published on the Bank’s website and Stock Exchange platforms within two working days.

What is AGM?

An Annual General Meeting (AGM) is a yearly gathering of a company’s shareholders, directors, and management. Its main purpose is to present the company’s annual report, including financial performance, business progress, and future plans.

During the meeting, shareholders have the right to ask questions, raise concerns, and vote on important matters such as approving audited accounts, declaring dividends, and appointing or reappointing directors and auditors. In India, companies are legally required to conduct an AGM every year within six months of the end of the financial year, ensuring that shareholders remain informed and actively involved in key decisions.

In simple terms, an AGM works like a company’s “report card meeting,” where management explains how the business has performed and what lies ahead, while shareholders get an opportunity to participate in shaping the company’s direction.