Karur Vysya Bank has issued a corrigendum to its earlier intimation regarding the record date for the proposed dividend for FY 2025-26. The bank clarified that the previous notice inadvertently referenced the wrong financial year in its heading. The corrected notice confirms Friday, July 24, 2026, remains the record date for shareholders to qualify for the dividend, subject to shareholder approval.

The bank previously announced that the dividend, if approved, will be paid or dispatched on or after August 6, 2026. This timeline aligns with the bank's 107th Annual General Meeting (AGM), scheduled for Wednesday, August 5, 2026, at 11:00 A.M. IST via video conferencing. The meeting adheres to guidelines from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Key Meeting and Dividend Details

The following table summarizes the critical dates for the dividend distribution and the annual general meeting:

Equity Share Allotment

In a separate resolution, the bank's board approved the allotment of equity shares under the KVB ESOS 2018 Scheme. A total of 22,570 equity shares with a face value of ₹ 2 each were allotted to senior management personnel. These shares form part of the non-cash component of variable pay for the performance periods FY 2022-23 and FY 2024-25.

The board meeting, where these decisions were made, was held on June 23, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

karur vysya bank has restructured its senior management leadership with the appointment of a new Chief Financial Officer and Chief Operating Officer. The Board of Directors approved these elevations and appointments during a meeting held on June 23, 2026. The changes are aimed at ensuring a smooth transition of key roles within the bank's operational and financial hierarchy.

Shri Ramasamy G V, currently Senior Deputy General Manager and Head of Accounts and Taxation, has been elevated to the rank of General Manager. He will assume the role of Chief Financial Officer and Key Managerial Personnel effective September 01, 2026. This follows the internal movement of Shri Ramshankar R, the incumbent Chief Financial Officer, who is transitioning to the Operations Department. In his new capacity, Ramasamy G V will report to Ramshankar R.

Shri Ramshankar R has been elevated to the rank of Chief General Manager effective September 01, 2026. He has been appointed as Chief Operating Officer, Material Risk Taker, and Key Managerial Personnel with effect from October 16, 2026. This succession follows the completion of the tenure of the incumbent Chief Operating Officer, Shri MS Chandrasekaran, on October 15, 2026. Ramshankar R will continue to oversee the Finance and Control Department in addition to his new responsibilities.

The bank also announced the appointment of Shri Ravinder Aggarwal as Head of Corporate and Institutional Group in the rank of General Manager. His appointment is effective from the date of his taking charge and is for a period of three years. Additionally, Shri Vippala Ramachandrareddy, Deputy General Manager and Head of Treasury, has been elevated to the rank of General Manager and classified as Senior Management Personnel (SMP) of the Bank effective June 23, 2026.

Shri Ramu S, Senior Deputy General Manager and Head of Legal & Recoveries, has been classified as Senior Management Personnel (SMP) of the Bank effective June 23, 2026. These appointments are part of the bank's broader strategy to strengthen its leadership team across critical functions including corporate banking, treasury, and legal recoveries.

Summary of Appointments