South Indian Bank postal ballot approves Chairman pay, new Independent Director
SOUTHBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
South Indian Bank's postal ballot (remote e-voting from May 16 to June 14, 2026) saw two resolutions pass with overwhelming majority. Resolution 1 (Ordinary): Approval of remuneration and terms for Jose Joseph Kattoor as Non-Executive Part-time Chairman, passed with 99.96% votes in favor (888M of 888.4M polled). Resolution 2 (Special): Appointment of Thomson Thomas as Independent Director, passed with 99.77% support (886.3M in favor). Institutional shareholders polled 88.5% of holdings; non-institutions polled ~1.79%.
Formalizes Chairman's role and adds a new Independent Director, strengthening board composition. Near-unanimous approval signals strong shareholder confidence.