The Karur Vysya Bank has informed that the Bank at its Board meeting held on January 22, 2024 has made the following allotments: Allotment of 1,31,557 Equity Shares of face value Rs 2 each to various employees who had exercised their options under KVB ESOS 2011 Scheme & KVB ESOS 2018 Scheme and Allotment of 19,691 Equity Shares of face value Rs 2 each to B Ramesh Babu, MD & CEO, under KVB ESOS 2018 Scheme, as part of his non-cash component of variable pay for the FY 2021-22 in terms of his compensation structure. The Board meeting commenced at 10.45 am and concluded at 07.15 pm.
The above information is a part of company’s filings submitted to BSE.
