SBI Submits Revised Scrutinizer’s Report, Confirms No Change in Voting Outcome [Download PDF]

State Bank of India (SBI) has submitted a revised scrutinizer’s report to both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) following its Annual General Meeting (AGM) held on May 9, 2025. The bank clarified that the updated report does not affect the results of the voting on any resolutions passed at the meeting.

In a regulatory filing dated May 15, SBI said the revised report, prepared by Bhandari & Associates, Company Secretaries, was a follow-up to an earlier submission made on May 13. The initial report had covered the results of remote e-voting and on-the-day electronic voting conducted at the AGM.

SBI’s revised filing is part of its routine regulatory obligations to ensure transparency and compliance. The bank has confirmed that shareholder decisions made at the AGM remain valid and unaffected. This move reflects SBI’s commitment to upholding strong corporate governance practices.

What Is a Scrutinizer’s Report?

A scrutinizer’s report is a formal document prepared by an independent professional (usually a company secretary or a chartered accountant) that verifies and certifies the voting process and results during shareholder meetings. It ensures that all votes—whether cast electronically in advance (remote e-voting) or at the meeting itself—are counted fairly and transparently.

Why Was It Revised?

While the specific reason for the revision hasn’t been disclosed, such updates are typically made to correct minor clerical errors, formatting issues, or inconsistencies in the presentation of results. SBI reassured shareholders that the revised report does not change the outcome of any resolutions passed at the AGM.

What Does This Mean for Shareholders?

SBI has confirmed that:

• All resolutions discussed at the AGM have been duly passed with the required majority.
• The revised report is a procedural update and has no impact on shareholder decisions or company actions following the AGM.

This is a standard regulatory compliance step under Regulation 44(3) of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which mandates timely and accurate disclosure of voting outcomes for listed companies.

Official Statement

The letter was signed by Aruna N Dak, Deputy General Manager (Compliance & Company Secretary), who submitted the revised scrutinizer’s report on behalf of the bank. It was addressed to both BSE and NSE.

• Download Report PDF

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