Indian Overseas Bank has announced the fixation of record dates for coupon payments on its Basel III Tier II Bonds Series IV and Series V. The bank informed stock exchanges that coupon payments on these bonds are due in March 2026, and it will make payments on the respective due dates. The announcement was made through a communication dated 27.02.2026 to both BSE Limited and National Stock Exchange of India Limited.

Bond Details and Coupon Rates

The bank has fixed record dates for two series of Basel III Tier II Bonds with different coupon rates and payment schedules. The bonds carry attractive coupon rates reflecting the bank's capital structure requirements under Basel III norms.

Record Date Adjustments

The bank has made necessary adjustments to the record dates to account for non-business days. Since the original record dates fall on non-business days, the next business date has been fixed as the record date in accordance with the respective term sheets of the bonds. This ensures smooth processing of coupon payments to eligible bondholders.

Regulatory Compliance

The announcement has been made pursuant to Regulation 60 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to inform stock exchanges about record dates for various corporate actions, including coupon payments on bonds. The communication was signed by Ram Mohan K, Deputy Company Secretary of Indian Overseas Bank.

Payment Schedule

Bondholders whose names appear in the records on the respective record dates will be eligible to receive the coupon payments. Series V bondholders will receive their coupon payment earlier, with a record date of 09.03.2026 and payment date of 24.03.2026. Series IV bondholders will receive their payments later in the month, with a record date of 16.03.2026 and payment date of 31.03.2026. The higher coupon rate of 9.00% for Series V bonds compared to 8.60% for Series IV reflects the different terms and conditions of these bond issuances.

Indian Overseas Bank has officially announced the appointment of Mr Raghuram Mallela as Company Secretary & Compliance Officer, effective 27.02.2026. The decision was approved by the bank's Board of Directors during a meeting held on 27.02.2026, which commenced at 12 Noon and concluded at 17:15 p.m.

Board Meeting Outcome

The bank has formally communicated the appointment outcome to stock exchanges under Regulation 6 and 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The following table summarizes the key appointment details:

Professional Background and Qualifications

Mr Raghuram Mallela brings substantial expertise to his new role at Indian Overseas Bank. He holds a Bachelor of Commerce degree and is an Associate Member of the Institute of Company Secretaries of India with Membership No. A31442. Additionally, he is a Certified Associate of Indian Institute of Banking (CAIIB), demonstrating his comprehensive understanding of both corporate secretarial practices and banking operations.

Prior to joining Indian Overseas Bank, Mallela was associated with Union Bank of India. Notably, he served as Company Secretary of erstwhile Andhra Bank before its amalgamation with Union Bank of India, providing him with valuable experience in managing corporate governance during significant organizational transitions.

Deputy Company Secretaries Designation

To ensure continuity in regulatory compliance and corporate governance functions, the bank has designated two Deputy Company Secretaries who will be authorized to handle responsibilities in Mallela's absence:

Both Deputy Company Secretaries are severally authorized to execute and sign necessary papers, disclosures, and intimations under SEBI (Listing Obligations & Disclosure Requirements) Regulations, ensuring uninterrupted compliance with regulatory requirements.

Regulatory Compliance

The appointment has been made in accordance with Regulation 6 and 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The bank has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations, including the appointee's professional background, qualifications, and experience. This appointment reinforces Indian Overseas Bank's commitment to maintaining robust corporate governance standards and regulatory compliance in its operations.