Kotak Mahindra Bank Stock Split and Chairman Remuneration Approval 2025

Kotak Mahindra Bank Shareholders Approve Key Resolutions via Postal Ballot

December 27, 2025, Mumbai — Kotak Mahindra Bank Limited has announced that all resolutions proposed in its recent Postal Ballot, conducted through remote e-voting, have been approved by shareholders with an overwhelming majority. The results were declared following the scrutiny and submission of the Scrutinizer’s Report on December 26, 2025.

The Postal Ballot, initiated via notice dated November 25, 2025, sought shareholder approval on three significant proposals:

1. Sub-division of Equity Shares (Ordinary Resolution)
2. Alteration of the Capital Clause of the Memorandum of Association (Ordinary Resolution)
3. Payment of Remuneration to Mr. C S Rajan as Non-Executive Independent Part-time Chairman (Special Resolution)

According to the Scrutinizer’s report, all resolutions were passed with over 99.99% of votes in favor. The remote e-voting period was open from November 27 to December 26, 2025, and the process was overseen by Mr. Alwyn D’Souza, Practising Company Secretary, ensuring transparency and compliance with regulatory requirements.

For the sub-division of equity shares, 1,70,53,10,961 valid votes (99.9996%) supported the resolution, with only 6,663 votes (0.0004%) against. Similar majorities were recorded for the other resolutions, reflecting a strong consensus among shareholders.

The results and the Scrutinizer’s Report are available on the Bank’s website and the National Securities Depository Limited (NSDL) portal for public reference.

Company officials noted that the approval of these resolutions marks another step in Kotak Mahindra Bank’s commitment to robust governance and shareholder engagement.

For more information, visit www.kotak.com.