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 partnered with Tambaram City Municipal Corporation to launch the Sponge Park at Mullai Nagar, Tambaram, on June 18, 2026. The project, part of the bank's KVB Bhoomi initiative, aims to address urban flooding and groundwater depletion through nature-based infrastructure. By capturing, storing, and filtering rainwater, the park is designed to enhance water security and create sustainable public spaces.

The Sponge Park was developed to tackle specific environmental challenges in Mullai Nagar, including recurring waterlogging and groundwater stress. The project integrates blue-green infrastructure to improve climate resilience and biodiversity. It serves as a model for sustainable urban development, transforming an urban space into a multifunctional asset that benefits the community.

The inauguration was attended by Shri D. Sarathkumar, Honourable Minister for Human Resource Management, Government of Tamil Nadu. Shri S. Balachander, IAS, Commissioner of Tambaram City Municipal Corporation, and Shri B. Sankar, Executive Director of Karur Vysya Bank, were also present.

MD & CEO Mr. Ramesh Babu stated that the initiative reflects the bank's commitment to responsible growth and long-term environmental impact. He emphasized that nature-based infrastructure can improve water security, mitigate flooding, and enhance biodiversity. The partnership with the municipal corporation aims to build a greener future for the community.

The project aligns with the bank's corporate social responsibility focus on environmental sustainability. It contributes to several United Nations Sustainable Development Goals, including Clean Water and Sanitation (SDG 6), Sustainable Cities and Communities (SDG 11), Climate Action (SDG 13), Good Health and Well-being (SDG 3), and Life on Land (SDG 15).