Kotak Mahindra Bank has sent official communication to shareholders holding physical shares, notifying them about the mandatory conversion to dematerialized form before the January 14, 2026 record date for its upcoming 1:5 stock split. The bank has informed physical shareholders that the new sub-divided shares will be issued exclusively in demat form as per regulatory requirements.

Stock Split Details and Record Date

The bank has officially fixed Wednesday, January 14, 2026, as the record date for its forthcoming stock split. Shareholders who hold the bank's shares in their demat accounts as of the close of trading on January 13, 2026 will be eligible for the corporate action.

Physical Shareholders Notification

In its latest regulatory filing, the bank has communicated with physical shareholders through email and ordinary post, explaining the mandatory demat conversion requirement. According to Regulation 39(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank will issue, credit and maintain the sub-divided equity shares exclusively in dematerialized form.

For shareholders who do not convert to demat form before the record date, the bank will maintain the sub-divided shares in a separate Demat Suspense Escrow Pool Account in compliance with prevailing regulations. These shareholders will need to claim their equity shares from the bank or its Registrar and Transfer Agent, KFin Technologies Limited, by submitting requisite documents.

Historical Corporate Actions

This upcoming split marks a significant corporate action for Kotak Mahindra Bank, which last undertook a share split more than 15 years ago. The bank has a track record of implementing shareholder-friendly corporate actions:

Regulatory Compliance and KYC Requirements

The bank has also highlighted SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91, which mandates physical shareholders to update their PAN, contact details, bank account details and specimen signature for their respective folios. The requisite KYC forms can be downloaded from KFin Technologies Limited's website or obtained by contacting their office in Hyderabad.

For any queries or assistance regarding the demat conversion process, shareholders can contact KFin Technologies Limited at their Selenium Tower office in Gachibowli, Hyderabad, or reach out via email at einward.ris@kfintech.com .

Kotak Bank has announced an increase in its authorized share capital to ₹1900.00 crore, following approvals from the Reserve Bank of India (RBI) and the bank's shareholders. This corporate action marks an important milestone in the bank's capital structure enhancement strategy.

Regulatory and Shareholder Approvals

The bank has obtained the required regulatory clearance from the RBI, India's central banking authority, which oversees and regulates all banking operations in the country. Additionally, Kotak Bank's shareholders have provided their consent for this capital increase, ensuring compliance with corporate governance requirements.

Capital Structure Enhancement

The increase in authorized share capital represents a strategic move by Kotak Bank to strengthen its financial foundation. The enhanced capital base of ₹1900.00 crore provides the bank with greater financial flexibility and positions it for potential future growth opportunities.

Strategic Implications

This capital enhancement initiative demonstrates the bank's approach to maintaining a robust capital structure. The increased authorized share capital provides Kotak Bank with additional room for potential future equity fundraising activities and supports its long-term strategic objectives. The dual approval mechanism ensures that both regulatory requirements and shareholder interests are addressed throughout this process.

The completion of this corporate action reflects the bank's commitment to maintaining strong capital adequacy ratios and enhancing its overall financial strength in the banking sector.