The Board of Directors of Kotak Mahindra Bank has recommended a dividend of Rs. 0.65 per equity share for the financial year ending March 31, 2026. This payout, which applies to shares with a face value of Re. 1 each, remains subject to the approval of the bank’s members at the upcoming Annual General Meeting. Details regarding the record date and payment schedule will be announced in due course.
Dividend Recommendation Details
Following the conclusion of the board meeting held on May 2, 2026, Kotak Mahindra Bank announced a dividend proposal for its shareholders. The board has recommended a dividend of Rs. 0.65 (65 paise) per equity share. This dividend is payable on shares with a face value of Re. 1/-, contingent upon the net profits recorded for the financial year that concluded on March 31, 2026.
Next Steps for Shareholders
The proposed dividend is currently subject to the formal approval of members at the Bank’s forthcoming Annual General Meeting (AGM). Shareholders should note that the specific timeline for the AGM, the finalized Record Date to determine eligibility for the dividend, and the official payment date have not yet been set. The Bank has committed to providing these details in subsequent communications.
Meeting Overview
The meeting regarding this financial decision commenced at 10:00 a.m. (IST) and reached its conclusion at 1:45 p.m. (IST). This announcement marks a key update for investors following the closure of the 2025-26 fiscal year.
Source: BSE
