Karur Vysya Bank Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 21, 2025
KARURVYSYA · price
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Karur Vysya Bank held its 106th AGM on August 21, 2025 via video conferencing, where all 10 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY ended March 31, 2025 and a dividend of Rs. 2.60 per equity share for FY 2024-25, with 99.85% and 99.99% votes in favour respectively. Key resolutions also approved the re-appointment of director R Ramkumar (96.82%), Joint Statutory Central Auditors (85.99%), Branch Auditors (99.99%), and Secretarial Auditors S.A.E. & Associates LLP for five years (94.59%). A Special Resolution cleared the Karur Vysya Bank Employee Stock Option Scheme 2025 (87.70% in favour), while Ordinary Resolutions approved an increase in authorised share capital (99.92%) and the issuance of bonus shares (97.14%).
Shareholders will receive a Rs. 2.60 per share dividend, and the approved bonus issue and ESOP 2025 could lead to share count expansion in the near term. The bonus shares are typically viewed positively by retail investors as they increase liquidity and lower the per-share price, while the ESOP may cause mild future dilution.