Karur Vysya Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2025.
KARURVYSYA · price
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The Board of Karur Vysya Bank approved the allotment of 22,893 equity shares of ₹2 face value under the KVB ESOS 2018 employee stock option scheme. Separately, Shri R Ganesan, currently a General Manager, has been appointed as Head of Internal Audit effective October 1, 2025, for a minimum period of 3 years. The outgoing Head of Internal Audit, Shri L Murali, is demitting office on September 30, 2025 on account of superannuation. Shri Ganesan is an internal candidate with over 34 years of banking experience, having joined the bank as a clerk in 1991.
The ESOS allotment is a small dilution (22,893 shares) and unlikely to materially affect shareholding. The internal audit leadership change is a routine succession triggered by retirement and should not have any meaningful impact on the stock price.