South Indian Bank Ltd

The South Indian Bank Ltd. announced changes to its senior management personnel, effective November 1, 2026, and October 16, 2026, as part of operating and reporting structural changes. Anto George T will transition from Executive Vice President to Executive Vice President & Chief Business Officer, while Nandakumar G will move from Head of Internal Audit and Chief of Internal Vigilance to Head - Banking Operations Group. Vijith S will take over as Head of Internal Audit from Nandakumar G, and Rekha V R will become Chief of Internal Vigilance.

The South Indian Bank Ltd. will hold a board meeting on Thursday, October 15, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing. The trading window for the bank's securities was closed from Thursday, October 1, 2026, and will remain closed until Saturday, October 17, 2026, as per SEBI regulations.

The South Indian Bank Ltd. announced that Mr. P R Seshadri (DIN: 07820690) demitted office as Managing Director & CEO on September 30, 2026, following the completion of his tenure, as approved by the Reserve Bank of India. Simultaneously, the bank stated that Mr. Mahesh Muralidhar Pai (DIN: 09164982) will assume the role of MD & CEO for a three-year period, effective October 1, 2026, also approved by the Reserve Bank of India and shareholders, and will also serve as Whole-time Key Managerial Personnel, Material Risk Taker, and Principal Officer of the bank.

The South Indian Bank Ltd. announced that Mr. P R Seshadri (DIN: 07820690) demitted office as Managing Director & CEO on September 30, 2026, following the completion of his tenure, as approved by the Reserve Bank of India. Simultaneously, the bank stated that Mr. Mahesh Muralidhar Pai (DIN: 09164982) will assume the role of MD & CEO for a three-year period, effective October 1, 2026, also approved by the Reserve Bank of India and shareholders, and will also serve as Whole-time Key Managerial Personnel, Material Risk Taker, and Principal Officer of the bank.

The South Indian Bank Ltd. announced that Mr. P R Seshadri (DIN: 07820690) demitted office as Managing Director & CEO on September 30, 2026, following the completion of his tenure, as approved by the Reserve Bank of India. Simultaneously, the bank stated that Mr. Mahesh Muralidhar Pai (DIN: 09164982) will assume the role of Managing Director & CEO for a three-year term, effective October 1, 2026, also approved by the Reserve Bank of India and shareholders, and will also serve as Whole-time Key Managerial Personnel, Material Risk Taker, and Principal Officer of the bank.

The South Indian Bank Ltd. informed the National Stock Exchange of India Ltd. and BSE Ltd. that the United Forum of Bank Unions, including the Officers Association and Workmen Union of the bank, has called for a strike from September 28, 2026, to September 30, 2026, which may affect the normal functioning of the bank's branches, offices, and departments, although ATMs and digital channels are expected to remain operational; the expected quantum of loss or damages and impact on operations are not quantifiable.

The South Indian Bank Ltd. will close its trading window from October 1, 2026, to 48 hours after the declaration of its unaudited financial results for the quarter ending September 30, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, restricting trading for directors, connected persons, designated employees, and their immediate relatives.

The South Indian Bank Ltd. announced that its board of directors granted 5,30,916 options under Tranche 22 to Managing Director & CEO P R Seshadri, in compliance with non-cash variable pay approved by the Reserve Bank of India, according to a regulatory filing on September 25, 2026. The options, priced at a premium of Rs 32.72 per option with an exercise price of Rs 23.54, are based on the Black Scholes Model and represent 5,30,916 shares with a face value of Rs 1 each if fully exercised.

The South Indian Bank Ltd. announced that its Nomination and Remuneration Committee has allotted 2,02,639 equity shares on September 24, 2026, to eligible grantees under the SIB ESOS Scheme – 2008, following the exercise of stock options in three tranches at prices ranging from Rs 20.00 to Rs 27.14 per option, resulting in a total receipt of Rs 30,73,420.00, Rs 3,17,856.00, and Rs 9,36,872.80 respectively. Consequently, the bank's issued and subscribed capital increased to Rs 2,61,95,03,707.00 divided into 2,61,95,03,707 equity shares of Re. 1 each.

The South Indian Bank Ltd. announced that Mr. Ananth Babu has joined the bank as Senior General Manager and Head Credit Card, effective September 18, 2026, for a period of three years, renewable thereafter. Mr. Babu, aged 50, brings over 24 years of experience in retail banking, cards, payments, and digital transformation, most recently serving as Senior Executive Vice President and Head – Cards, Payments & Contact Centre at an unspecified institution.