Kotak Mahindra Bank Limited has informed the Exchange about letter sent to the shareholders holding shares of the Bank in physical form.
KOTAKBANK · price
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Kotak Mahindra Bank has written to shareholders who hold its shares in physical form about the upcoming stock split. The split, already approved by the Board on November 21, 2025 and by the RBI and shareholders, will convert 1 equity share of face value Rs. 5 into 5 equity shares of face value Re. 1 each. The Record Date for the split is Wednesday, January 14, 2026. Per SEBI rules, shareholders with physical shares will receive their post-split shares only in demat form, held in a separate Demat Suspense Escrow Pool Account, and their existing physical certificates will be cancelled. Physical shareholders have been advised to convert their holdings to demat before the Record Date to enable direct credit, or claim their shares from the Bank's registrar (KFin Technologies) later. Shareholders have also been asked to update PAN, contact, bank, and signature details as per the latest SEBI circular.
This is a procedural follow-up communication and not a new corporate action — the stock split was already approved earlier. Shareholders holding Kotak Bank shares in physical form should convert to demat before January 14, 2026 to avoid having their split shares parked in an escrow pool, which would require additional steps to retrieve. No new material impact on the stock price or financials.