Date: 2026-05-18Category: Extra OrdinaryState: Union GovernmentCountry: India
Further to the Notice dated 18 03 2026, published in the Gazette of India on 23 03 2026 and in three daily newspapers on 24 03 2026 Business Standard English Hindi, Aapla Mahanagar Marathi, and Notice
**Executive Summary**
This document notifies the election results for four Directors to the Central Board of the State Bank of India (SBI) following a General Meeting held on May 15, 2026. The election was conducted via remote e-voting and electronic means to fill vacancies under the State Bank of India Act, 1955. The elected directors will serve a three-year term commencing on June 26, 2026, and ending on June 25, 2029.
**Key Points / Main Content**
**Meeting and Legal Framework**
* The General Meeting of shareholders was conducted on May 15, 2026, at 3:00 PM through Video Conferencing (VC) and Other Audio-Visual Means (OAVM).
* The proceedings were held in accordance with Section 19(c) of the State Bank of India Act, 1955, and Regulation 40(4) of the State Bank of India General Regulations, 1955.
**Election Process**
* Seven valid nominations were received for four notified vacancies, necessitating an election.
* Remote e-voting took place from May 12, 2026 (10:00 AM) to May 14, 2026 (5:00 PM).
* Additional votes were cast through electronic means during the General Meeting, with a Scrutiniser providing a consolidated report of the results.
**Election Results and Tenure**
* The following four candidates secured the highest number of votes and were declared elected:
1. **Dr. Sandhya Shekhar** (Chennai, Tamil Nadu)
2. **Shri K.R. Ashok** (Thane, Maharashtra)
3. **Shri Khurshed Rustom Dordi** (Mumbai, Maharashtra)
4. **Shri Sandeep Natwarlal Shah** (Mumbai, Maharashtra)
* The elected directors will hold office for a three-year term from June 26, 2026, to June 25, 2029.
**Impact Analysis**
**State Bank of India (Central Board)**
**Impact**
The Central Board will be reconstituted with four newly elected directors to oversee bank governance for the next three years.
**Action Required**
The bank must formally onboard the directors and update its board records effective June 26, 2026.
**Elected Directors**
**Impact**
These individuals are legally appointed as Directors to the Central Board of SBI under statutory provisions.
**Action Required**
The directors must assume their roles and responsibilities on the effective start date of June 26, 2026.
**Shareholders of SBI**
**Impact**
The shareholders have exercised their voting rights to determine the leadership of the bank's Central Board.
**Action Required**
Shareholders should take note of the elected representatives who will be acting on the board on their behalf.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-19052026-272701
xxxGIDHxxx
CG-MH-E-19052026-272701
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 325] िई दिल्ली, सोमवार, मई 18, 2026/विै ाख 28, 1948
No. 325] NEW DELHI, MONDAY, MAY 18, 2026/VAISAKHA 28, 1948
भारतीय स्ट्टेट बकैं
(भारतीय स्ट्टेट बकैं अजधजियम, 1955 के अतं गतग गठित)
सचू िा
म ंबई, 15 मई, 2026
फा. स.ं CC/S&B/AND/2026/155.— 18.03.2026 को िारी सूचिा के क्रम म,ें िो दििांक 23.03.2026 को
भारत के रािपत्र में और दििांक 24.03.2026 को तीि िैजिक समाचार पत्रों [जबििेस स्ट्टैंडड ग (अग्रं ेिी/ह िं ी), आपला
म ािगर (मरािी)] में प्रकाजित हुई थी; और दििांक 27.04.2026 की सूचिा के क्रम में, िो दििांक 28.04.2026 को
भारत के रािपत्र में और दििांक 29.04.2026 को तीि िैजिक समाचार पत्रों [जबििेस स्ट्टैंडड ग (अग्रं ेिी/ह िं ी), आपला
म ािगर (मरािी)] में प्रकाजित हुई थी; भारतीय स्ट्टेट बैंक के िेयरधारकों की म ासभा ि क्रवार, 15 मई, 2026 को िोप र
03:00 बि े वीजडयो कॉन्फ्रेंहसंग (वीसी)/अन्फ्य ऑजडयो-जवि अल माध्यमों (ओएवीएम) से आयोजित की गई। इस बैिक का
उद्देश्य भारतीय स्ट्टेट बैंक अजधजियम, 1955 की धारा 19 (ग) के प्रावधािों के त त बैंक के केंद्रीय बोडग के जलए चार जिििे कों
का च िाव करिा था।
3556 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
2. य बैिक भारतीय स्ट्टेट बैंक सामान्फ्य जवजियम, 1955 के जवजियम 40(4) के त त आयोजित की गई थी। चूंदक अजधसूजचत
4 ठरजियों के जलए 7 वैध िामांकि प्राप्त हुए, इसजलए च िाव कराया गया और ठरमोट ई-वोटटंग (दििांक 12.05.2026,
स ब 10:00 बिे स े दििांक 14.05.2026, िाम 05:00 बि े तक) तथा आम बैिक म ें इलेक्ट्रॉजिक माध्यमों से वोट डाले
गए।
3. म ासभा के समापि के बाि, बैंक के बोडग द्वारा जियि स्ट्क्रूठटिाइज़र िे ठरमोट ई-वोटटंग और म ासभा में हुए ई-वोटटंग
के िौराि डाले गए वोटों पर समेदकत ठरपोटग प्रस्ट्तत की ।ै सबसे अजधक मत प्राप्त करिे वाले जिम्नजलजखत चार उम्मीिवारों
को भारतीय स्ट्टेट बैंक अजधजियम, 1955 की धारा 19(ग) के त त बैंक के केंद्रीय बोड गके जिििे क के रूप में जिवागजचत घोजित
दकया गया ैिो दििांक 26 िूि, 2026 से दििांक 25 िूि, 2029 (िोिों दिि सजम्मजलत) के जलए तीि विों की अवजध के
जलए जिवागजचत दकए गए :ै
क्र. स.ं जिवाजग चत जििेिक का िाम वतमग ाि पता
1 डॉ. सध्ं या िेखर 44, तीसरा स्ट्रीट, पाकग एवेन्फ्यू, वेलाचेरी, चेन्नई - 600042 (तजमलिाड )
2 श्री के.आर. अिोक टॉवर 14, फ्लैट िंबर 1903, रिवाल गाडिग फेि 2, कल्याण िील रोड,
डोंजबवली (ई), िाण े - 421204 (म ाराष्ट्र)
3 श्री ख िीि रुस्ट्तम िोडी 1/3 ग रुिेव ाजतसकर माग,ग प्रभािेवी, म ंबई – 400025 (म ाराष्ट्र)
4 श्री संिीप िटवरलाल िा 11-बी, मीरामार, 3 िेजपयि सी रोड, स्ट्टीफि चच ग के पास, म ंबई-
400036 (म ाराष्ट्र)
अजििी क मार जतवारी, प्रबंध जििेिक
[जवज्ञापि-III/4/असा./94/2026-27]
STATE BANK OF INDIA
(Constituted under the State Bank of India Act, 1955)
NOTICE
Mumbai, the 15th May, 2026
F. No. CC/S&B/AND/2026/155.— Further to the Notice dated 18.03.2026, published in the Gazette of
India on 23.03.2026 and in three daily newspapers on 24.03.2026 [Business Standard (English/Hindi), Aapla
Mahanagar (Marathi)], and Notice dated 27.04.2026 published in the Gazette of India on 28.04.2026 and in three daily
newspapers on 29.04.2026 [Business Standard (English/Hindi), Aapla Mahanagar (Marathi)], the General Meeting of
the Shareholders of the State Bank of India was held on Friday, the 15th May, 2026 at 03:00 PM through Video
Conferencing (VC)/ Other Audio-Visual Means (OAVM), to elect four Directors to the Central Board of the Bank under
the provisions of Section 19 (c) of the State Bank of India Act, 1955.
2. The meeting was held in terms of Regulation 40(4) of the State Bank of India General Regulations, 1955. As the
number of valid nominations was 7 against the 4 notified vacancies, election was carried out and votes were cast through
remote e-voting (from 12.05.2026, 10:00 AM to 14.05.2026, 05:00 PM) and voting at General Meeting through
electronic means.
3. After the conclusion of the General Meeting, the Scrutiniser appointed by the Board of the Bank submitted
consolidated report on votes cast during remote e-voting and e-voting at the General Meeting. The following four[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
candidates who secured highest number of votes were declared elected as Directors to the Central Board of the Bank
under Section 19(c) of the SBI Act, 1955, for a term of three years w.e.f. 26th June, 2026 to 25th June, 2029 (both days
inclusive):
Sr. No. Name of the elected Director Address
1 Dr. Sandhya Shekhar 44, 3rd Street, Park Avenue, Velachery, Chennai – 600042
(Tamil Nadu)
2 Shri K.R. Ashok Tower 14, Flat No. 1903, Runwal Gardens Phase 2,
Kalyan Shil Road, Dombivli (E), Thane – 421204
(Maharashtra)
3 Shri Khurshed Rustom Dordi 1/3 Gurudeo Hatiskar Marg, Prabhadevi, Mumbai –
400025 (Maharashtra)
4 Shri Sandeep Natwarlal Shah 11-B, Miramar, 3 Nepeansea Road, Near Stephen Church,
Mumbai- 400036 (Maharashtra)
ASHWINI KUMAR TEWARI, Managing Director
[ADVT.-III/4/Exty./94/2026-27]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.