Intimation under Regulation 30 and 44 of SEBI(LODR)Regulations, 2015-Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

SOUTHBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.3%1-day move

₹38.86

prior close

₹38.10

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.4+0.3+0.3-0.3+5.9+4.8+4.8+5.3+6.1+17.8+24.9+19.0—

Up moveDown movePending

AI summary

South Indian Bank is seeking shareholder approval through postal ballot for two key governance items. First, the appointment of Sri. Jose Joseph Kattoor as Non-Executive Part-time Chairman for 3 years (March 23, 2026 to March 22, 2029) with an annual honorarium of Rs. 25 lakh plus sitting fees and Rs. 60,000 telephone allowance - this appointment has received RBI approval. Second, Sri. Thomson Thomas is being appointed as Independent Director for 3 years from March 23, 2026, not liable to retire by rotation. Remote e-voting started on May 16, 2026 and ends on June 14, 2026. Results will be declared by June 16, 2026.

Likely market impact

Positive for corporate governance and leadership continuity. The RBI-approved appointment of Jose Joseph Kattoor as Chairman strengthens leadership credibility. Adding Thomson Thomas as Independent Director enhances board independence. Shareholders should review the terms and cast votes by June 14, 2026.