South Indian Bank Board Approves AGM, ₹1000 Cr Fundraise
South Indian Bank Ltd. announced that its Board of Directors, in a meeting held on July 16, 2026, approved several key decisions. The 98th Annual General Meeting (AGM) will be held on August 20, 2026, via Video Conferencing. The Register of Members and Share Transfer Books will be closed from August 14 to August 20, 2026, for the AGM and dividend purposes. The record date for dividend eligibility and e-voting is fixed as August 13, 2026. The Board also approved a proposal to raise up to ₹1,000 Crore through debt instruments in domestic and/or overseas markets, subject to shareholder approval. Additionally, recommendations for appointing/re-appointing directors and the Managing Director & CEO were approved for shareholder consideration at the AGM.
Key Highlights
- 98th AGM scheduled for August 20, 2026, via VC/OAVM.
- Book closure for AGM and dividend from August 14-20, 2026.
- Record date for dividend and e-voting set for August 13, 2026.
- Board approved raising up to ₹1,000 Crore via debt instruments.
- Key management and director appointments/re-appointments to be proposed.
Price Impact
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