South Indian Bank 98th AGM on Aug 20, 2026; 45% dividend proposed

Board & Shareholder Meetings View source PDF

SOUTHBANK · price

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₹47.93

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₹48.00

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AI summary

South Indian Bank 98th AGM on Aug 20, 2026 via video conferencing. Board proposes Rs 0.45 per share dividend (45%) for FY 2025-26. Seeking shareholder approval to raise up to Rs 1,000 crore via Tier-II bonds on private placement. Resolution to appoint Mahesh Muralidhar Pai as MD and CEO for 3 years from Oct 1, 2026. Re-appointment of Lakshmi Ramakrishna Srinivas as Independent Director for 5 years. E-voting: Aug 16 to 19, 2026. Cut-off: Aug 13, 2026.

Likely market impact

Shareholders to vote on 45% dividend, Rs 1,000 crore Tier-II bond raise, and new MD and CEO appointment at Aug 20 AGM.