We wish to inform you pursuant to the provisions of Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III thereto that the Board of Directors of the Bank have, at their meeting held today on the occasion of 40th Foundation Day, i.e., on November 21, 2025, inter alia, considered and approved sub-division (split) of the existing equity shares of the Bank, as follows:Sub-division (split) of 1 (One) existing equity share of the Bank having face value of Rs. 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares of the Bank having face value of Re. 1/- (Rupee One only) each, fully paid-up.Consequently, the Board of Directors have also approved a proposal to suitably amend the Capital Clause of the Memorandum of Association of the Bank, to give effect to the aforesaid sub-division of equity shares.Both the aforesaid approvals are subject further to the approval/certification of the members, the Reserve Bank of India (RBI) and any other regulatory/statutory authority, as may be required in this regard.
KOTAKBANK · price
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Kotak Mahindra Bank's Board of Directors, at their meeting held on November 21, 2025 (the Bank's 40th Foundation Day), approved the sub-division (split) of equity shares. Each existing equity share with a face value of Rs. 5 will be split into 5 equity shares with a face value of Re. 1 each, fully paid-up. The Board also approved a corresponding amendment to the Capital Clause of the Memorandum of Association. Both approvals are subject to further clearance from shareholders, the RBI, and other regulatory authorities.
The stock split will increase the number of shares and improve liquidity and affordability for retail investors, though it does not change the underlying value of the company. Share price will adjust proportionally once the split becomes effective post-regulatory approvals.