The South Indian Bank Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 13-Aug-2025.
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's Board met on July 17, 2025 and approved holding its 97th AGM on August 20, 2025 via video conferencing. The Board fixed August 13, 2025 as the record date to determine members eligible for dividend (if declared) for FY ending March 31, 2025, with share transfer books closed from August 14 to August 20, 2025. The Board also approved a plan to raise up to Rs. 1,000 crore through debt instruments such as non-convertible debentures, Tier II bonds, and medium-term notes on a private placement basis, subject to shareholder approval. Additionally, the Board approved amendments to the SIB ESOS-2008 stock option scheme, appointed SVJS & Associates as Secretarial Auditors for five years, and recommended reappointment of an Independent Director and a retiring director.
The record date announcement signals that a dividend declaration is likely at the upcoming AGM, which is a positive for shareholders of record by August 13. The proposed Rs. 1,000 crore debt raise is aimed at strengthening capital adequacy but will be closely watched for dilution concerns on tier II capital. Overall, these are routine corporate actions, though the stock option scheme amendment could affect future shareholder value.