Karur Vysya Bank Limited's board of directors met on June 23, 2026, and approved the record date for the proposed dividend for FY 2025-26 and the schedule for the 107th annual general meeting. The board also approved the allotment of equity shares under the employee stock option scheme.
The board fixed July 24, 2026, as the record date for determining the eligibility of shareholders to receive the proposed dividend for FY 2025-26. The dividend is subject to approval by shareholders at the 107th AGM. If approved, the dividend will be paid to eligible equity shareholders on or after August 6, 2026.
The 107th AGM is scheduled for August 5, 2026, at 11:00 AM and will be conducted through video conferencing or other audio-visual means in line with MCA and SEBI guidelines. The integrated annual report for FY 2025-26 will be dispatched to shareholders in due course. The report will include the audited financial statements, directors' report, and the notice convening the AGM.
The board allotted 22,570 equity shares of face value Rs 2 each to senior management personnel under the KVB ESOS 2018 Scheme. These shares represent the non-cash component of variable pay for the performance periods FY 2022-23 and FY 2024-25, under the compensation structure approved by the board.
The board meeting began at 10:00 AM and concluded at 5:45 PM on June 23, 2026. The bank communicated the board's decisions to the stock exchanges.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.