IDBI

IDBI Bank, in a corporate filing on June 25, 2025, announced that its Board of Directors has recommended a dividend of ₹2.10 per equity share for the financial year. The face value of each equity share is ₹10. The bank has set Tuesday, July 15, 2025, as the record date to determine shareholder eligibility for the proposed dividend. The dividend payment is subject to the approval of shareholders at the bank's 21st Annual General Meeting (AGM), which is scheduled to be held on Tuesday, July 22, 2025. In its notification to the stock exchanges, IDBI Bank laid out a clear timeline for the upcoming corporate actions, ensuring shareholders are well-informed about the key dates and procedures. Record Date and Dividend Eligibility The bank has fixed Tuesday, July 15, 2025, as the record date. Shareholders whose names are on the bank's Register of Members as of the end of the day on this date will be eligible to receive the dividend of ₹2.10 per share, provided it is approved at the AGM. This date is crucial for investors, as transactions made after this date will not qualify for the dividend payout. AGM and E-Voting Information The 21st Annual General Meeting of the Bank will be conducted on Tuesday, July 22, 2025. In line with current practices, the meeting will be held virtually through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), allowing for wider and more convenient participation from shareholders. To facilitate shareholder voting on the resolutions, including the approval of the dividend, the bank has arranged for a remote e-voting facility. The cut-off date for determining the eligibility of members to cast their votes is also July 15, 2025. The e-voting window will open at 9:00 a.m. (IST) on Thursday, July 17, 2025, and will close at 5:00 p.m. (IST) on Monday, July 21, 2025. This provides shareholders with a five-day period to exercise their voting rights electronically. Book Closure Details