The South Indian Bank Limited has informed the Exchange regarding Proceedings, copy of scrutinizers report together with other disclosures of Annual General Meeting held on August 20, 2025.
SOUTHBANK · price
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The South Indian Bank held its 97th AGM on August 20, 2025, via video conferencing, chaired by V J Kurian (Non-Executive Part-time Chairman) with all 10 directors present. Shareholders approved all 8 resolutions with overwhelming support, including adoption of FY25 financial statements and a dividend of ₹0.40 per equity share (40% on face value of ₹1). Key approvals also included raising up to ₹1,000 crore via Tier-II bonds/debentures on a private placement basis, re-appointment of R A Sankara Narayanan as Independent Director, re-appointment of Benny P Thomas (retiring by rotation), appointment of Borkar & Muzumdar as Joint Statutory Auditors (with M P Chitale & Co. continuing), appointment of SVJS & Associates as Secretarial Auditors for 5 years, and amendments to the SIB ESOS 2008 stock option scheme. A total of 220 shareholders attended via VC, with about 12.38 lakh shareholders on record. Voting results showed 97.6% to 99.99% support across all resolutions.
Shareholders receive a 40% dividend (₹0.40/share) for FY25 and have cleared the path for up to ₹1,000 crore in Tier-II capital raising, which can strengthen the bank's capital adequacy. Strong approval margins (all above 97%) signal broad shareholder confidence in management and the board's continuity.