Karur Vysya Bank Limited has informed the Exchange that Record date for the purpose of Dividend is 07-Aug-2025.
KARURVYSYA · price
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On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 2.3 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Karur Vysya Bank, at its meeting on July 24, 2025, fixed August 7, 2025 as the record date to determine shareholders eligible for the proposed dividend for FY 2024-25, subject to shareholder approval at the 106th AGM on August 21, 2025. The board also approved an increase in authorised share capital from ₹200 crore to ₹250 crore (divided into 125 crore equity shares of ₹2 each), subject to shareholder and regulatory approvals. A new Employee Stock Option Scheme called KVB-ESOS-2025 was approved with a pool of 3 crore equity shares to reward and retain employees. Additionally, 62,722 equity shares were allotted under existing ESOS 2011 and 2018 schemes to employees and senior management as part of variable pay. Secretarial auditors M/s. S.A.E. & Associates LLP were appointed for a five-year period from FY 2025-26 to FY 2029-30.
Shareholders should ensure their holdings reflect by August 7, 2025 to be eligible for the FY 2024-25 dividend, which will be paid on or after August 22, 2025. The new ESOP scheme and higher authorised capital position the bank for future fundraising and talent retention, though any actual dilution from ESOPs will depend on future grants and exercises.