Overview

• At the Aug. 30 AGM, 54.04% of shareholders voted against amending the articles of association to add two promoter‑nominated directors.
• IIHL said the proposal had earlier approvals from the RBI and the bank’s board and described proxy‑advisor objections as a misinterpretation it will seek to address.
• Shareholders approved Rajiv Anand as managing director and CEO for a three‑year term.
• IIHL holds roughly 15% of IndusInd Bank, down from over 90% in 1994, and is awaiting RBI approval to lift its stake to 26%.
• The promoter highlighted past support for the bank, including a Rs 2,683 crore capital infusion via warrant subscription in February 2021.