Karur Vysya Bank Limited has informed the Exchange that Record date for the purpose of Bonus is 26-Aug-2025.
KARURVYSYA · price
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Karur Vysya Bank's board has approved issuance of bonus shares in the ratio of 1:5, meaning 1 bonus equity share of face value ₹2 for every 5 shares held. The record date is fixed as August 26, 2025, and the bonus shares are expected to be credited by September 23, 2025, subject to shareholder approval at the AGM. The bank will issue approximately 16.12 crore bonus shares amounting to around ₹32.24 crore, funded from its Securities Premium Account which stands at about ₹2,090 crore as of June 30, 2025. The announcement also includes Q1 FY26 results, with net profit rising marginally to ₹521.45 crore from ₹513.36 crore a year ago. Asset quality improved with Gross NPA at 0.66% (vs 0.76%) and Net NPA at 0.19% (vs 0.20%). Capital adequacy ratio (Basel III) stood at 17.36% and basic EPS was ₹6.48.
The 1:5 bonus issue rewards existing shareholders by increasing their shareholding without additional cost, though the stock price will adjust downward proportionately post-ex-date. The bonus reflects management's confidence in the bank's strong reserves, supported by healthy capital adequacy of 17.36% and improving asset quality. Q1 results are largely flat in terms of profit growth, with marginal improvement in NPA metrics, indicating steady but unspectacular performance.