1:5 Share Split Alert! Kotak Mahindra Bank Approves First Stock Split in 15 Years; What Investors Should Know

Kotak Mahindra Bank, one of India's top private sector lenders, has announced a significant corporate move that could reshape its market presence. On Friday, the bank's board of directors approved a proposal to split each of its equity shares, marking the lender's first stock split in 15 years. The previous split took place in September 2010, when the bank halved the face value of its shares from Rs 10 to Rs 5.

Kotak Mahindra Bank Stock Split Approved at Board Meeting Today; What's in It for Shareholders? Check Details

Under the approved plan, each equity share of Kotak Mahindra Bank with a face value of Rs 5 will be split into five shares, each carrying a face value of Rs 1. This 1:5 share split is expected to increase the number of authorised shares from 280 crore to 1,400 crore, while the bank's paid-up share capital will remain unchanged at Rs 994.37 crore.

1:5 Share Split of Kotak Mahindra Bank

The company in its regulatory filing, "the Board of Directors of the Bank have, at their meeting held today on the occasion of 40th Foundation Day, i.e., on November 21, 2025, inter alia, considered and approved sub-division (split) of the existing equity shares of the Bank, as follows: Sub-division (split) of 1 (One) existing equity share of the Bank having face value of Rs. 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares of the Bank having face value of Re. 1/- (Rupee One only) each, fully paid-up."

Implementation of Kotak Bank's Share Split Subject to RBI and Shareholder Approvals

The Board of Directors has also approved an amendment to the Capital Clause in the Bank's Memorandum of Association to implement the proposed share split.

However, both the share split and the amendment will only take effect after receiving all necessary approvals - including approval from shareholders, certification from the Reserve Bank of India (RBI), and clearances from other required regulatory or statutory authorities.

Kotak Bank Share Price Today After Board Meeting

Kotak Mahindra Bank's share price ended Friday's trading session on a slightly weaker note. At 3:50 pm, the stock closed at Rs 2,086.50 on the BSE, reflecting a decline of Rs 10.60, or 0.51%, compared to its previous close. Despite the marginal dip, the stock remained within a stable trading range throughout the session.