The Karur Vysya Bank has informed that the Bank at its Board meeting held on March 15, 2023 has made the following allotments: Allotment of 83,024 Equity Shares of face value Rs 2 each to various employees who had exercised their options under KVB EGOS 2011 Scheme & KVB EGOS 2018 Scheme and Allotment of 24,635 Equity Shares of face value Rs 2 each to B Ramesh Babu, MD & CEO and 18,539 Equity Shares to J Natarajan, President & COO, under KVB EGOS 2018 Scheme, as a part of their non-cash component of variable pay for the FY 2020-21 in terms of their compensation structure.
The above information is a part of company’s filings submitted to BSE.
