Kotak Mahindra Bank has announced a sub-division (split) of its existing equity shares. The Board of Directors approved the split of each share with a face value of ₹5 into five shares with a face value of ₹1 each. The record date for determining eligible shareholders for the split is January 14, 2026.
Equity Share Sub-Division
The Board of Directors of Kotak Mahindra Bank has approved the sub-division (split) of the Bank’s existing equity shares, pending shareholder and regulatory approvals. The decision was made at a meeting held on November 21, 2025.
Share Split Details
Each existing equity share with a face value of ₹5 will be sub-divided into 5 equity shares with a face value of ₹1 each. These new shares will be issued only in dematerialized form.
Record Date and Dematerialization
The record date has been set as Wednesday, January 14, 2026, to determine the shareholders eligible for the share split. Shareholders holding physical shares are requested to dematerialize their holdings before the record date for direct credit of the split shares to their demat accounts.
Action for Physical Shareholders
Shareholders holding shares in physical form need to update their PAN, contact details, bank account details, and specimen signature for their respective folios. Contact KFin Technologies Limited for any assistance with dematerialization or updating details.
Source: BSE
