Kotak Mahindra Bank has informed that the Board of Directors, at their meeting today, have declared a dividend of Rs 0.405 per Non-Convertible Perpetual Non-Cumulative Preference Share on the 8.10% Non-Convertible Perpetual Non-Cumulative Preference Shares of face value of Rs 5 each (PNCPS) (INE237A04014), for the financial year ending March 31, 2023. As intimated vide letter dated March 4, 2023, the Bank had fixed Friday, March 17, 2023 as the ‘Record Date’ for the purpose of ascertaining the holders of PNCPS eligible to receive the aforesaid dividend. In line with the terms of issue of the PNCPS, the said dividend would be subject to withholding tax at the rate prevailing under the applicable law.
The above information is a part of company’s filings submitted to BSE.
