Punjab National Bank dividend: ₹3 final payout for FY26

What shareholders approved at PNB’s 25th AGM

Punjab National Bank (PNB) said shareholders approved a final dividend of ₹3 per equity share for the financial year 2025-26 at its 25th Annual General Meeting (AGM). The AGM was held on June 20, 2026 through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The bank stated the dividend is on equity shares with a face value of ₹2 each. The approval converts the Board’s earlier recommendation into a shareholder-sanctioned payout. Along with the dividend, shareholders cleared key board-level appointments and approvals linked to transactions involving subsidiaries. The agenda also included adoption of the audited financial statements for the year ended March 31, 2026.

Dividend details: amount, face value and payout rate

PNB declared a final dividend of ₹3 per equity share for FY2025-26. The dividend corresponds to 150% of the face value of ₹2 per share, as described in the bank’s disclosures. The bank linked the dividend to its performance for the fiscal year. The declaration followed the Board’s recommendation made earlier, subject to shareholder approval at the AGM. For investors, this is the cash return declared for the year, separate from any market price movement in the stock.

Record date and eligibility: June 13, 2026

The bank set June 13, 2026 as the record date for determining shareholder entitlement to the final dividend. This date is used to identify shareholders eligible to receive the payout. PNB’s communications around the AGM reiterated the record date in connection with the dividend proposal. Shareholders who were on the register as of the record date are the ones considered for the final dividend, subject to the procedural requirements the bank outlined.

Dividend payment mode: electronic only

PNB said dividend payments will be made only in electronic mode to shareholders who have updated bank account details. The bank asked shareholders to ensure bank details, PAN, and contact information are updated with their depository participants or with the bank’s registrar and transfer agent. This requirement is part of the operational process to ensure the payout can be credited without delays. Investors who have not updated details may need to complete the required updates to receive the dividend through the stated electronic process.

AGM format and timing: VC/OAVM on June 20, 2026

The 25th AGM was scheduled for June 20, 2026 at 11:00 a.m. IST and was conducted through VC/OAVM without the physical presence of shareholders at a common venue. The AGM covered ordinary business and special business items. Ordinary business included adoption of the audited balance sheet as at March 31, 2026 and the profit and loss account for the year ended March 31, 2026. Special business included approvals related to material related party transactions and board appointments or re-appointments.

Director appointments and extensions cleared by shareholders

Shareholders approved the appointment of Shri D. Anandan as the Government of India Nominee Director. The AGM also approved the appointment of Shri Amit Kumar Srivastava as Executive Director. In addition, the extension of Shri M. Paramasivam as Executive Director was approved. These approvals were part of the AGM’s stated outcomes and were disclosed alongside the dividend approval.

Subsidiary and related-party transaction approvals

PNB’s AGM agenda included approval of material related party transactions. The disclosures also referenced transactions with subsidiaries being part of what shareholders approved. Such approvals are typically placed before shareholders when transactions meet materiality thresholds under applicable rules and company policy. In this case, the bank indicated these items were included under the AGM’s special business.

E-voting window and key shareholder dates

PNB made remote e-voting available ahead of the AGM. The remote e-voting period ran from June 17, 2026 until 5:00 p.m. IST on June 19, 2026, as stated in the meeting-related information. These dates sit alongside the record date (June 13, 2026) and the AGM date (June 20, 2026) as the key points shareholders track for participation and eligibility.

Board meeting backdrop: audited results and dividend recommendation

The dividend proposal was earlier recommended by the Board at a meeting held on May 5, 2026. PNB said the Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 and also scheduled the AGM. The bank disclosed the meeting time as commencing at 11:10 a.m. and concluding at 12:35 p.m. It also stated that the statutory central auditors issued an unmodified opinion on both the standalone and consolidated financial statements for the year ended March 31, 2026.

Financial performance figures cited with the dividend decision

PNB reported standalone net profit of ₹5,225.11 crore for the final quarter and ₹16,903.99 crore for the full fiscal year. For the entire fiscal year 2025-26, it also reported consolidated net profit of ₹18,392.69 crore. In another disclosure of the same quarter’s performance, net profit was described as ₹52 billion versus ₹45.7 billion in the comparable period last year, and above analyst estimates of ₹46 billion. These figures were part of the context shared around the audited results and the dividend recommendation.

Key facts at a glance

Profit numbers referenced in disclosures

Comparison with last year’s dividend

PNB’s earlier disclosures noted that for FY25, the bank had recommended a dividend of ₹2.90 per equity share, which was approved at its AGM held on June 27, 2025. Against that reference point, the FY2025-26 final dividend approved now is ₹3 per share. The bank’s disclosures also described the FY2025-26 dividend as 150% of face value, compared with the FY24-25 figure described as 145% of face value in the earlier AGM-related filing.

What to watch next

With shareholder approval completed at the AGM, the remaining operational focus is on processing the dividend payout through electronic mode for eligible shareholders. Investors will typically track whether their bank details and PAN are correctly updated with their depository participant or the registrar and transfer agent, as PNB has instructed. The next official milestones will be any bank communications confirming dividend credit timelines and post-AGM filings covering the resolutions passed.