The South Indian Bank Limited has informed the Exchange that Record date for the purpose of DI & MT is 13-Aug-2025.
SOUTHBANK · price
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South Indian Bank has fixed August 13, 2025 as the record date to identify shareholders eligible for dividend, if declared, for FY25. The 97th AGM will be held on August 20, 2025 via video conferencing, with share transfer books closed from August 14–20, 2025. The board approved raising up to Rs 1,000 crore through debt instruments such as non-convertible debentures, bonds, and medium-term notes on a private placement basis, subject to shareholder approval. The board also approved amendments to the SIB ESOS-2008 stock option scheme to make it more attractive, appointed SVJS & Associates as secretarial auditors for five years, and recommended reappointment of a director and an independent director.
Investors must hold shares by August 13, 2025 to qualify for any dividend that may be declared at the AGM. The proposed Rs 1,000 crore debt raise, if approved, will bolster the bank's capital base but increase its debt servicing obligations.