Karur Vysya Bank Allots 44,660 Shares Under ESOS 2018 Scheme
Karur Vysya Bank's Board approved the allotment of 18,836 equity shares to MD & CEO Shri B Ramesh Babu and 25,824 shares to senior management under the KVB ESOS 2018 Scheme. These allotments are part of their variable pay for FY 2023-24 and FY 2023-24/2024-25.
The allotment of shares under an existing ESOP scheme is a standard compensation practice and is unlikely to have a material impact on the bank's overall financial performance or market valuation.
The announcement pertains to routine ESOP allotments as part of employee compensation and does not significantly alter the company's financial standing or strategic direction.
Karur Vysya Bank Limited announced the outcome of its Board Meeting held on 20th July 2026. The Board approved the allotment of 18,836 equity shares of face value ₹ 2 each to Shri B Ramesh Babu, MD & CEO, under the KVB ESOS 2018 Scheme. This allotment is part of his non-cash component of variable pay for the performance period FY 2023-24.
Additionally, the Board approved the allotment of 25,824 equity shares of face value ₹ 2 each to senior management personnel of the Bank under the KVB ESOS 2018 Scheme. This is also part of their non-cash component of variable pay for the performance periods FY 2023-24/2024-25.
The Board meeting commenced at 12:45 P.M. and concluded at 4:30 P.M.
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