South Indian Bank Ltd

Capital / Securities

• 11,14,858 equity shares allotted to eligible grantees under SIB ESOS Scheme-2008 on August 24, 2026.
• Issued capital now stands at Rs 2,61,93,01,068.

Cessation of senior management

• Mr. Sivaraman K, Senior GM and Head of Banking Ops, voluntary retirement for personal grounds; effective 05-09-2026.
• Impact on leadership: internal continuity; no interim appointments disclosed.

ESOS grant details

• Board approved 27,36,230 options under SIB ESOS-2008 Tranche 21.
• Recipients: 306 eligible employees; grant date August 20, 2026.
• Exercise price Rs 22.50 per option; premium Rs 30.96; discount to market price Rs 45.00.
• Market price used: NSE closing price on 19-Aug-2026; Black-Scholes valuation applied.
• Vesting: 30% after 12 months, 30% after 24 months, 40% after 36 months.
• Exercise window: within 5 years from vesting date.
• Total potential equity: 27,36,230 shares on full exercise; face value Rs 1 each.
• Applicable scheme: SEBI SBEB&SE Regulations 2021; governed by SIB ESOS Scheme 2008.
• Impact: non-cash incentive; ordinary course governance; no immediate cash cost.
• Disclosure: Annexure I with detailed terms; hosted on bank website.

ESOS grant details

• Grant of 27,36,230 ESOS options to 306 employees under Tranche 21.
• Part of non-cash variable pay/incentive for FY 2025-26.
• Total options exercisable: 27,36,230 shares of Re.1.
• Exercise price Rs 22.50; option premium Rs 30.96.
• Pricing uses Black-Scholes model; market price Rs 45.00.
• Market price Rs 45.00 based on NSE close 19-08-2026.
• Vesting: 30% after 12 months, 30% after 24 months, 40% after 36 months.
• Exercise window: within 5 years from vesting date.
• Approval: Nomination and Remuneration Committee/Board on Aug 20, 2026.
• Lapse: options may lapse under SIB ESOS Scheme 2008.

AGM Details

• AGM held on 20 August 2026 at 11:00 AM IST.
• Mode: via video conferencing / OAVM.
• Record date for voting: 13 August 2026.
• Directors present: 9 of 10.
• Shareholders present via VC: 188.

Resolutions

• Adopt standalone and consolidated financial statements, audit reports, and directors’ reports.
• Declare dividend of ₹0.45 per equity share (45%).
• Appoint Dolphy Jose as director on rotation; re-appointment approved.
• Fix remuneration of Joint Statutory Auditors.
• Appoint Mahesh Muralidhar Pai as MD & CEO; approve terms and remuneration.
• Re-appoint Lakshmi Ramakrishna Srinivas as Independent Director.
• Raise funds by private placement of Tier-II bonds.

Voting results

• All resolutions passed with requisite majority.
• Resolutions 1–5: ordinary; 6–7: special.
• Resolution 3: 98.94% in favour; 1.06% against.
• Resolution 6: 91.15% in favour; 8.85% against.
• Resolution 7: 100% in favour; no against.

Dividend

• Dividend of ₹0.45 per equity share approved.

Director changes

• Dolphy Jose retires by rotation; re-appointment approved.
• Mahesh Muralidhar Pai appointed as MD & CEO; remuneration approved.
• Lakshmi Ramakrishna Srinivas re-appointed as Independent Director.

Auditors

• Remuneration payable to Joint Statutory Auditors fixed.

Material approvals

• Raising funds through private placement of Tier-II bonds approved.

Other disclosures

• ESOS implementation confirmed as per SEBI guidelines.

MCLR changes across tenors

• MCLR revision for multiple tenors effective Aug 20, 2026.
• Overnight MCLR set at 8.15%.
• One-month MCLR set at 8.50%.
• Three-month MCLR set at 9.20%.
• Six-month MCLR set at 9.25%.
• One-year MCLR set at 9.45%.

New branches in Kannur district

• Opening of five branches in Kannur district, Kerala, on 17 August 2026.
• Branches: Panoor, Edoor, Ulikkal, Mattool, Mayyil.

Meeting Details

• Date and time: August 10, 2026, 02:00 PM to 06:00 PM.
• Mode: Physical group meet and one-on-one meetings.
• Organiser: Nirmal Bang Semi-Annual Investor Conference.
• Venue: Trident, Bandra Kurla Complex, Mumbai.

Participants

• Company representatives (management) attended the conference.

Purpose

• Purpose: investor conference interactions with institutional investors/analysts.