Description
Karur Vysya Bank announces bonus issue of 1 equity share for every 5 existing shares with record date August 26, 2025.
Summary
Karur Vysya Bank Ltd has announced a bonus issue of equity shares with a ratio of 1:5, meaning shareholders will receive 1 new equity share of Rs. 2/- each for every 5 existing equity shares held. The record date is set for August 26, 2025, and trading will be on ex-bonus basis from the same date.
Key Points
- Bonus ratio: 1 new share for every 5 existing shares
- Face value of new shares: Rs. 2/- each
- Record date: August 26, 2025
- Ex-bonus trading starts: August 26, 2025
- Settlement number: DR-702/2025-2026
- Company scrip code: 590003
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the ex-bonus trading arrangement
- Shareholders must hold shares as of record date to be eligible for bonus shares
- Dematerialised securities under rolling settlement segment are covered
Important Dates
- August 26, 2025: Record date for bonus issue eligibility
- August 26, 2025: Ex-bonus trading commences
- Settlement DR-702/2025-2026: Applicable settlement cycle
Impact Assessment
The bonus issue will increase the number of outstanding shares by 20% (1 for every 5 existing), potentially improving liquidity and making shares more affordable for retail investors. Existing shareholders will maintain their proportionate ownership while the stock price is expected to adjust proportionally on the ex-bonus date.
Impact Justification
Standard bonus issue affecting existing shareholders with immediate trading implications