Karur Vysya Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on July 24, 2025.
KARURVYSYA · price
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Karur Vysya Bank's Board met on July 24, 2025 and approved several key items. The 106th Annual General Meeting (AGM) is scheduled for August 21, 2025 at 11:00 AM via video conferencing. The Board approved increasing authorised share capital from ₹200 crore to ₹250 crore, divided into 125 crore equity shares of ₹2 each, subject to shareholder approval. A new Employee Stock Option Scheme, KVB-ESOS-2025, was approved with a pool of 3 crore stock options convertible into equal number of equity shares. The Board also allotted 62,722 equity shares (₹2 face value) in aggregate to employees, the MD & CEO (B Ramesh Babu), and senior management personnel under existing ESOS 2011 and 2018 schemes. M/s. S.A.E. & Associates LLP was appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30. Record date for FY 2024-25 dividend eligibility has been fixed as August 7, 2025, with payment on or after August 22, 2025, subject to shareholder approval.
Positive signals for shareholders – dividend record date confirms likely payout subject to AGM approval, while the new ESOP pool and share allotments could lead to mild dilution. The capital hike gives the bank flexibility for future fundraising. Expect attention around the AGM on August 21, 2025.