Board of Karur Vysya Bank approves bonus issue of 1:10

At meeting held on 25 June 2018

Karur Vysya Bank announced that the Board of Directors of the Bank, at their meeting held on 25 June 2018 has decided as follows:

- Issue of Bonus Shares in the ratio of 1:10 i.e. one equity share of Rs. 2/- each for every ten fully paid up equity shares held as on a record date, subject to approval of the shareholders of the Bank. The Record Date will be determined by the Board of Directors after members of the Bank approve the capitalisation programme for issuing bonus shares. Necessary in-principle approval of Stock Exchange will be obtained. The proposal of issuance of Bonus Shares was not part of the original agenda for the Board Meeting held on 25 June 2018 and was decided during the course of the meeting.

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