98th AGM on Aug 20, 2026; Rs 1,000 Cr debt raise plan; new MD and CEO named

Board & Shareholder Meetings View source PDF

SOUTHBANK · price

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AI summary

The South Indian Bank board approved its 98th AGM on August 20, 2026 via video conferencing. Record date fixed as August 13; share registers close August 14 to 20 for AGM, e-voting and any dividend. Board approved raising up to Rs 1,000 crore via bonds, NCDs and other debt on private placement, subject to shareholder approval. Sri. Mahesh Muralidhar Pai recommended as new MD and CEO from October 1, 2026 for three years. Two director re-appointments also recommended.

Likely market impact

Shareholders to vote on Rs 1,000 Cr debt raise, new MD and CEO, and director appointments at Aug 20 AGM. Dividend possible if declared. Books closed Aug 14 to 20.