Dividend: ₹1.45 per equity share of face value ₹10 each for FY ended March 31, 2026
Record Date for Dividend: June 12, 2026
Dividend Payment Date: On or after July 4, 2026
QIP Size: Up to ₹1,500 crores
Debt Securities Issue: Up to ₹500 crores
Audit Fees: Not exceeding ₹3 crore annually for joint statutory auditors
ESOP Pool Expansion: From 2,25,43,740 equity shares (7% of paid-up capital) to 3,22,05,343 equity shares (10% of paid-up capital)
Paid-up Capital: ₹3,22,05,34,270 consisting of 32,20,53,427 equity shares as of May 31, 2026
Executive Director Remuneration: Fixed pay of ₹1.49 crores for FY 2025-26, variable pay of ₹0.86 crores for FY 2024-25
Dates of Action
AGM Date: July 3, 2026 at 2:30 PM IST
Cut-off Date for Voting: June 26, 2026
Remote e-Voting Period: June 30, 2026 (9:00 AM) to July 2, 2026 (5:00 PM)
RBI Approval for Auditors: May 7, 2026 (Ref: CO.DOS.RPD.No.S915/08.37.005/2026-27)
RBI Approval for Executive Director: May 25, 2026 (Ref: CO.DOR.HGG.NO.S1681/29-03-001/2026-2027)
Board Meeting Dates: April 24, 2026 (fundraising approval), June 5, 2026 (ESOP approval)
Parties Involved
Regulators: RBI, SEBI, Ministry of Corporate Affairs
Auditors: M/s Deloitte Haskins & Sells (FRN:117365W), M/s Varma & Varma (Registration No. 004532S)
RTA: MUFG Intime India Private Limited
e-Voting Agency: Central Depository Services (India) Limited
Scrutinizer: Ms. Manisha Maheshwari or Mr. Saurabh Somani of M/s. Bhandari & Associates
Capital Structure Impact
QIP issuance may result in equity dilution (exact percentage not specified)
ESOP expansion increases potential dilution pool from 7% to 10% of paid-up capital
Debt issuance of ₹500 crores will increase borrowing levels
Financial & Operational Impact
Dividend payout will result in cash outflow (amount not quantified)
QIP proceeds of up to ₹1,500 crores expected to add approximately ₹13,043 crores of Risk Weighted Assets
Debt issuance will strengthen capital adequacy ratios
ESOP expansion aims to enhance employee retention and motivation
Governance Updates
Reappointment of Mr. Nadir Bhalwani (DIN: 00555534) as Non-Executive Non-Independent Director retiring by rotation
Reappointment of Mr. Krishnan Sridhar Seshadri (DIN: 10508808) as Whole-time Director (Executive Director) for one year from June 13, 2026 to June 12, 2027
Appointment of M/s Deloitte Haskins & Sells as Joint Statutory Auditor for 3 years subject to annual RBI approval
Tax Implications
TDS on dividend at 10% for resident shareholders with valid PAN, 20% without PAN
No TDS if aggregate dividend does not exceed ₹10,000 for resident individuals
Non-resident shareholders subject to 20% TDS plus applicable surcharge and cess, unless DTAA benefits apply
Deadline for tax exemption documents: June 12, 2026
Voting Arrangements
Electronic voting only through CDSL platform
Physical attendance not permitted - AGM conducted via Video Conferencing/Other Audio Visual Means
Members can register to speak at AGM by email until June 30, 2026
Additional Information
Unpaid dividends for FY 2018-19 along with underlying shares due for transfer to IEPF on July 7, 2026
All dividend payments mandatory in electronic mode only
Documents available for inspection electronically until July 3, 2026
Integrated Annual Report available on bank's website and stock exchange websites
