The State Bank of India (SBI) is likely to consider raising funds through equity for FY26. SBI will hold a meeting on Saturday, May 3, 2025, in Mumbai to review and approve the financial results for the quarter and full year ended March 31, 2025. The meeting was earlier intimated via the Bank’s letter dated April 24, 2025, under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As per an exchange filing today, SBI has now informed that the Board may also take up a proposal to raise equity capital during the financial year 2025–26. The capital infusion could take place through various instruments such as a Follow-on Public Offer (FPO), Rights Issue, Qualified Institutional Placement (QIP), or a combination thereof. The final decision will depend on market conditions and will be subject to approvals from the Government of India and the Reserve Bank of India.

"To discuss and approve the proposal for raising equity during FY 26 by way of Follow-on Public offer (FPO)/Rights issue/Qualified Institutional Placement (QIP) and any other mode or combination of these, as may be decided at the opportune time or as may be approved by GoI/ RBI," As per an exchange filing today.

The agenda for the meeting may also include the declaration of a dividend for FY 2024–25, as per provisions under Regulation 29(1)(e) of SEBI (LODR).

Post declaration of the financial results, SBI will host an Analyst Meet at 5:00 PM on the same day at the State Bank Bhavan Auditorium in Mumbai, in accordance with Regulation 30(6) of SEBI (LODR).

Meanwhile, the trading window for insiders has remained closed since April 1, 2025, and will reopen 48 hours after the official announcement of the financial results, as previously disclosed on March 27, 2025.

"In terms of Bank’s Code of Conduct for Prohibition of Insider Trading, Trading Window for dealing in securities of the Bank has been closed for the Designated Persons of the Bank and their immediate relatives/dependents from 01.04.2025 and will reopen 48 hours after the declaration of financial results for the quarter and year ended 31.03.2025 as already intimated to stock exchanges vide letter no.: CC/S&B/AND/2024-25/958 dated 27.03.2025," per an exchange filing by SBI.

The May 3 board meeting is expected to be pivotal as India’s largest lender sets the stage for its financial roadmap and capital strategy in FY26.