Karur Vysya Bank allots equity shares to employees, MD & CEO

The Karur Vysya Bank Limited (KVB) announced on December 12, 2025, the allotment of equity shares as approved during its board meeting. The bank allotted a total of 63,420 equity shares, each with a face value of Rs. 2, to various employees who exercised options under the KVB ESOS 2011 Scheme.

Additionally, 16,658 equity shares, also with a face value of Rs. 2 each, were allotted to B Ramesh Babu, the managing director & chief executive officer. This allotment forms part of his non-cash variable pay component for the fiscal year 2022-23, in line with his compensation structure under the KVB ESOS 2018 Scheme.

The board meeting commenced at 2:30 p.m. and concluded at 8:00 p.m. The bank has requested that these allotments be taken on record as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.