South Indian Bank will hold its 98th Annual General Meeting (AGM) on August 20, 2026, through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Board of Directors approved the meeting date during a session held on July 16, 2026. Shareholders will vote on a proposal to raise funds amounting to ₹1,000 crore by issuing debt instruments, including non-convertible debentures and Tier II capital bonds, subject to regulatory approvals.

The Register of Members and Share Transfer Books will remain closed from August 14, 2026, to August 20, 2026, for the purpose of the AGM, e-voting, and dividend declaration. The bank has fixed August 13, 2026, as the record date to determine shareholder eligibility for dividend payments, if declared, for the financial year ended March 31, 2026. This date also serves as the cut-off for remote e-voting during the AGM.

Key Agenda Items for Shareholder Approval

The Board recommended several appointments for shareholder approval at the upcoming AGM. Sri. Dolphy Jose (DIN: 10682246), who retires by rotation, is eligible for re-appointment. Additionally, the Board proposed appointing Sri. Mahesh Muralidhar Pai (DIN: 09164982) as Managing Director & Chief Executive Officer for a three-year term effective from October 1, 2026, to September 30, 2029.

Smt. Lakshmi Ramakrishna Srinivas (DIN: 10365580) has been recommended for re-appointment as an Independent Director for a second term of five years, effective from November 20, 2026. The detailed disclosures regarding these director appointments, as required under Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be submitted following shareholder approval.

Book Closure and Record Date Details

The following table outlines the specific dates for book closure and the record date across exchanges:

The fund raising proposal of ₹1,000 crore will be valid for one year from the date of the AGM and may be executed in one or more tranches. The issuance will be on a private placement basis in domestic or overseas markets, adhering to the Basel III Capital Regulations prescribed by the Reserve Bank of India.

South Indian Bank 's board of directors has approved a fundraising plan to raise up to ₹1,000 crore through the issuance of debt securities. The proposal, however, remains contingent on receiving the requisite consent from the bank's shareholders before it can be implemented.

Fundraising Plan at a Glance

The key details of the board-approved fundraising proposal are outlined below:

Board Approval and Next Steps

The board's approval marks a significant step in South Indian Bank's capital-raising efforts. The fundraising will be conducted through debt securities, a common instrument used by banks to augment their capital resources. The proposal must now be placed before the bank's shareholders for their approval before the fundraising process can proceed further.

No additional details regarding the timeline, specific instrument type, or utilisation of proceeds were provided in the available information.