Notice of the 97th Annual General Meeting (AGM) of The South Indian Bank Ltd.and Annual Report for the Financial Year 2024-25: Intimation under Regulation 34,53and other applicable provisions of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015
SOUTHBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The South Indian Bank has notified the convening of its 97th AGM on Wednesday, August 20, 2025, at 11:00 AM via Video Conferencing. The Board has recommended a dividend of ₹0.40 per equity share (40%) for FY 2024-25, with the record date set as August 13, 2025. The agenda includes adoption of audited standalone and consolidated financial statements, re-appointment of a rotating director (Benny P Thomas), and appointment of Borkar & Muzumdar as joint statutory auditors for ₹2.26 crore per year. Key special business items include re-appointment of R A Sankara Narayanan as Independent Director for a second term of three years, approval to raise up to ₹1,000 crore through Tier-II bonds/debentures on private placement, and amendments to the SIB ESOS-2008 stock option scheme. Remote e-voting will run from August 16 (10:00 AM) to August 19 (5:00 PM), with dividend payment expected on or before September 18, 2025.
Shareholders should note the proposed 40% dividend and the ₹1,000 crore fund-raising plan via Tier-II bonds, which could impact future earnings per share but strengthens the bank's capital base. Investors holding shares as of August 13, 2025 will be eligible to vote and receive dividends.