Karur Vysya Bank has allotted 23,631 equity shares to Shri B Ramesh Babu, MD & CEO, as part of the KVB ESOS 2018 Scheme. These shares, with a face value of ₹2 each, are part of his non-cash variable pay for FY 2021-22 and are linked to his compensation structure. The allotment was approved during a board meeting held on January 23, 2026.
Equity Share Allotment Details
Karur Vysya Bank (KVB) has announced the allotment of equity shares to its Managing Director (MD) & Chief Executive Officer (CEO), Shri B Ramesh Babu. The allotment was made under the KVB Employee Stock Option Scheme (ESOS) 2018.
Specifics of the Allotment
A total of 23,631 equity shares were allotted. Each share has a face value of ₹2. This allotment is a part of Shri B Ramesh Babu’s non-cash variable pay for the fiscal year 2021-22, as part of his overall compensation package.
Board Meeting Update
The decision to allot these shares was taken during the bank’s Board Meeting held on January 23, 2026. The meeting commenced at 12:30 P.M. and concluded at 6:10 P.M.
Source: BSE
