Canara Bank Publishes Newspaper Notice on TDS for FY26 Dividend

Canara Bank has announced the schedule for its 24th Annual General Meeting (AGM) and provided details regarding the dividend for the financial year 2025-26. The Board of Directors recommended a dividend of Rs. 4.2 per equity share, which is 210% of the face value of Rs. 2/- each, on May 11, 2026. This dividend is subject to the approval of shareholders at the ensuing AGM. In a further step toward shareholder communication, the Bank published notices regarding Tax Deduction at Source (TDS) on dividend in three newspapers — Financial Express (English), Jansatta (Hindi), and Vijaykarnataka (Kannada) — on May 16, 2026. The publication was confirmed via a communication signed by Company Secretary Santosh Kumar Barik.

Key Dates and Dividend Details

The dividend will be paid to shareholders whose names appear on the Register of Shareholders or Beneficial Owners as furnished by NSDL/CDSL as on the Record Date of Friday, June 12, 2026. The payment is scheduled to be made within 30 days from the date of declaration at the AGM, which is set for June 23, 2026.

Parameter Details Financial Year 2025-26 Dividend Per Share Rs. 4.2 (210% of Face Value Rs. 2) Record Date Friday, June 12, 2026 AGM Date Tuesday, June 23, 2026 Payment Timeline Within 30 days of AGM declaration Newspaper Publication Date May 16, 2026 Publications Financial Express (English), Jansatta (Hindi), Vijaykarnataka (Kannada)

Tax Deduction at Source (TDS) on Dividend

In accordance with the provisions of the Income Tax Act, 1961, as amended by the Finance Act 2020, dividend paid or distributed by the company on or after April 1, 2020, is taxable in the hands of shareholders. Consequently, the Bank is required to deduct tax at source (TDS) at the time of payment.

The deduction of TDS will depend on the residential status of the shareholders and the necessary documents submitted by them and accepted by the Bank. The dividend will be paid after deducting applicable TDS, if any. Shareholders are requested to furnish necessary documents to the Registrar and Share Transfer Agent, KFin Technologies Limited, at www.kfintech.com to ensure correct deduction or lower rates.

The Bank has clarified that it is obligated to deduct TDS based on the records available with the Registrar and Share Transfer Agent, and no requests for revision of TDS returns will be entertained thereafter. An email communication explaining the applicable conditions for TDS deduction is being sent to all registered shareholders.

AGM and Voting Information

The 24th AGM will be conducted via Video Conferencing and Other Audio-Visual Mode (e-AGM). Shareholders holding shares in physical or dematerialised form as on the cut-off date of June 16, 2026, are eligible to vote. Electronic copies of the AGM notice and Annual Report 2025-26 will be sent to shareholders with registered email addresses.

Canara Bank has informed the stock exchanges of a change in its Board composition, with the Central Government nominating Ms. Shalini Pandit as Government Nominee Director, effective May 13, 2026. The appointment was made in exercise of powers conferred by clause (b) of Sub-Section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, through Notification No. eF. No. 6/2(ii)/2022-BO.I dated May 13, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Ms. Shalini Pandit

Ms. Shalini Pandit has been nominated to the Board of Canara Bank in place of Shri Parshant Kumar Goyal, with immediate effect and until further orders. The key details of her appointment are as follows:

Parameter: Details Name: Ms. Shalini Pandit Designation: Government Nominee Director Date of Appointment: May 13, 2026 Term: Until further orders Current Role: Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India Cadre: Indian Administrative Service (IAS), Odisha cadre Relationship with other Directors: Not related to any Director of the Bank Debarment Status: Not debarred from holding directorship by any SEBI or regulatory/statutory order

Profile of Ms. Shalini Pandit

Ms. Shalini Pandit is an IAS officer of the Odisha cadre, presently serving as Joint Secretary in the Department of Financial Services, Ministry of Finance, Government of India. Prior to her central government assignment, she held several senior positions within the Odisha state administration. Her key roles have included:

Secretary, School & Mass Education Department, Odisha

Secretary, Health & Family Welfare Department, Odisha

Secretary, Mission Shakti Department, Odisha

Secretary, Odia Language, Literature & Culture Department, Odisha

Mission Director, National Health Mission, Odisha

Labour Commissioner, Odisha

District Collector for several districts in Odisha

Ms. Shalini Pandit is recognized for her contributions to education sector reforms and her leadership in the health sector during the Covid-19 pandemic. She graduated in Botany from Miranda House College, University of Delhi, and completed her M.Sc. in Wildlife Science from the Wildlife Institute of India, Dehradun.

Cessation of Shri Parshant Kumar Goyal

Simultaneous with the above appointment, Shri Parshant Kumar Goyal ceased to serve as Government Nominee Director on the Board of Canara Bank. The details of his cessation are outlined below:

Parameter: Details Name: Shri Parshant Kumar Goyal Reason for Cessation: As per eF. No. 6/2(ii)/2022-BO.I dated May 13, 2026, issued by Government of India Date of Cessation: May 13, 2026

The disclosure was signed by Santosh Kumar Barik, Company Secretary, Canara Bank, and submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. in compliance with applicable listing regulations.

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