The South Indian Bank Limited (SOUTHBANK) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Board approves 98th AGM and record date for dividend eligibility
🔄 What Changed
Record date set for August 13, 2026; ₹1,000 crore debt issuance limit approved; director reappointments proposed
🔮 What's Next
AGM scheduled for August 20, 2026; shareholder approval required for debt issuance and director appointments
💡 Investor Takeaway
Shareholders must approve debt issuance and new director appointments at the upcoming AGM.

The Board of South Indian Bank approved the 98th AGM on August 20, 2026 via video conference, with record date on August 13, 2026 for dividend eligibility and e-voting. The bank can raise up to ₹1,000 crores via debt instruments on a private placement basis, subject to shareholder approval at the AGM. It also proposed reappointing Mahesh Pai as MD & CEO for three years and Lakshmi Srinivas as Independent Director for five years.

📄 View Original Announcement (PDF)

About The South Indian Bank Limited (SOUTHBANK)

Financial Services · Banks · Listed on NSE

Market Cap: ₹10,164.11 Cr P/E: 7.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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