Kotak Mahindra Bank Amends Capital Clause of Memorandum of Association
Kotak Mahindra Bank Limited has informed the stock exchanges that it has amended the Capital Clause of its Memorandum of Association (MOA) after receiving the necessary approvals from the Reserve Bank of India and the shareholders of the Bank.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a letter dated December 27, 2025, addressed to BSE Limited and the National Stock Exchange of India Limited.
As per the revised Clause V of the MOA, the authorised share capital of the Bank now stands at Rs. 1,900 crore, divided into 1,400 crore equity shares of Re. 1 each and 100 crore preference shares of Rs. 5 each.
The amendment empowers the Bank to increase, reduce or restructure its capital from time to time and attach special rights, privileges or conditions in accordance with its Articles of Association and prevailing regulatory provisions. The Bank also confirmed that the subscribed capital shall not be less than one-half of the authorised capital and the paid-up capital shall not be less than one-half of the subscribed capital, in line with Reserve Bank of India guidelines.
The intimation has also been made available on the Bank’s official website for investor reference.