Kotak Mahindra Bank has received approvals to increase its authorized share capital. The updated authorized share capital is now Rs. 1900,00,00,000 (Rupees One Thousand Nine Hundred Crore Only), divided into 1400,00,00,000 equity shares and 100,00,00,000 preference shares. This decision provides the bank with greater financial flexibility for future growth and strategic initiatives.
Revised Share Capital Structure
Kotak Mahindra Bank has amended its Memorandum of Association (MOA) following approvals to increase its authorized share capital. Effective December 27, 2025, the bank’s authorized share capital has been revised to enhance its financial foundation.
Details of the Capital Increase
The bank’s authorized share capital is now set at Rs. 1900,00,00,000. This is divided into two components:
1. Equity Shares: 1400,00,00,000 equity shares, each with a face value of Re. 1 (Rupee One Only).
2. Preference Shares: 100,00,00,000 preference shares, each with a face value of Rs. 5 (Rupees Five Only).
This change empowers the bank to increase or reduce its capital as needed, aligning with strategic objectives and market conditions. The company has the power to adjust capital and related rights as appropriate.
Source: BSE
