StockWatch
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Private Sector Bank
Corporate Action16 Jul 2026, 07:21 pm

South Indian Bank Sets Record Date for AGM, E-voting & Dividend

AI Summary

South Indian Bank Ltd. has announced the record date for its 98th Annual General Meeting (AGM), e-voting, and potential dividend declaration for the financial year ended March 31, 2026. The record date is set for Thursday, August 13, 2026. The bank's Board of Directors, in a meeting on July 16, 2026, approved holding the AGM on Thursday, August 20, 2026, via Video Conferencing. The Register of Members and Share Transfer Books will be closed from August 14 to August 20, 2026, inclusive. The board also discussed and recommended proposals for shareholder approval, including borrowing up to ₹1,000 Crore, re-appointment of a director, and the appointment of Mahesh Muralidhar Pai as MD & CEO.

Key Highlights

  • Record date for AGM, e-voting, and dividend is August 13, 2026.
  • 98th AGM scheduled for August 20, 2026, via VC/OAVM.
  • Book closure from August 14 to August 20, 2026.
  • Board approved borrowing up to ₹1,000 Crore.
  • Proposed appointment of MD & CEO and director re-appointments.