Kotak Mahindra Bank alters authorized share capital clause

Kotak Mahindra Bank has announced an alteration to the capital clause of its Memorandum of Association, effective December 27, 2025. This change follows approvals from the Reserve Bank of India and the bank's members. The authorized share capital is now set at INR 1900,00,00,000.

The revised capital structure includes 1400,00,00,000 equity shares of INR 1 each and 100,00,00,000 preference shares of INR 5 each. The bank retains the power to adjust its capital, including increasing, reducing, or cancelling it, and to attach specific rights, privileges, or conditions as permitted by its Articles of Association and legislative provisions.

A key provision states that the subscribed capital must not be less than one-half of the authorized capital, and the paid-up capital, if not identical to the subscribed capital, must also be at least one-half of the subscribed capital. Any future capital increases must comply with prescribed conditions within two years, as allowed by the Reserve Bank of India.