SBI Cards and Payment Services Limited has informed the Exchange regarding the extension of term of Mr. Ved Prakash as Executive Vice President & Head- Internal Audit for a period of 4 months from March 01, 2026 to June 30, 2026.
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The Board of Directors of SBI Cards, at its meeting held on March 5, 2026, declared an Interim Dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10) for the financial year 2025-26. The Record Date for determining shareholder entitlement is Wednesday, March 11, 2026, and the dividend will be credited or dispatched on or before April 3, 2026. Additionally, the Board approved a 4-month extension of Mr. Ved Prakash's term as Executive Vice President & Head - Internal Audit, from March 1, 2026 to June 30, 2026, on the recommendation of the Audit Committee and Nomination and Remuneration Committee. Mr. Ved Prakash, a Deputy General Manager of SBI with over 31 years of banking experience, has been leading the Internal Audit function at SBI Cards since March 2023. The trading window for designated persons was already closed from February 27, 2026 to March 7, 2026.
Shareholders on record as of March 11, 2026 will receive a Rs. 2.50 per share interim dividend, reflecting continued shareholder returns by the company. The KMP extension is a routine governance matter and is unlikely to materially affect the stock price.