Karur Vysya Bank issues 1.6bn bonus shares, increasing equity capital

Karur Vysya Bank has announced the allotment of 1,610,35,439 bonus equity shares, each with a face value of Rs. 2. This allotment, approved by the board of directors on August 28, 2025, follows a resolution passed by shareholders at the annual general meeting on August 21, 2025.

These bonus shares will rank pari-passu with the bank's existing equity shares. The issuance was based on a 1:5 proportion, meaning one bonus equity share for every five fully paid-up equity shares held as of the record date, August 26, 2025.

As a result of this issue, the bank's paid-up equity share capital has increased from 80,53,29,456 shares (amounting to Rs. 161,06,58,912) to 96,63,64,895 shares (amounting to Rs. 193,27,29,790).