Kotak Mahindra Bank has scheduled January 14, 2026 as the record date for its proposed 1:5 stock split, as per an exchange filing. Under this corporate action, one existing fully paid equity share with a face value of ₹5 will be sub-divided into five fully paid equity shares with a face value of ₹1 each. The move is aimed at enhancing liquidity and making the stock more affordable for a broader base of investors.

Who will be eligible for the stock split?

Shareholders whose names appear in the company’s records as of January 14, 2026 will qualify for the split-adjusted shares. Investors purchasing the stock on or before January 13 will typically be eligible, while trades executed on or after the record date will not carry stock-split benefits.

Appointment of Whole-time Director

Alongside the stock split announcement, Kotak Mahindra Bank also declared the appointment of Anup Kumar Saha as Whole-time Director, subject to receipt of regulatory approvals. Pending such approvals, he will assume the role of Whole-time Director (Designate) and join the Senior Management team effective January 12, 2026.

Professional background of Anup Kumar Saha

Before joining Kotak Mahindra Bank, Saha served as Managing Director at Bajaj Finance. Over more than eight years, he was instrumental in driving the company’s transformation into one of India’s most profitable and prominent consumer finance NBFCs. He led large-scale business transformation projects, accelerated digital adoption, and implemented customer-centric strategies, helping expand the customer base to around 100 million while also broadening the product offerings.

Summary

• Record date for Kotak Mahindra Bank’s 1:5 stock split is January 14, 2026.
• One ₹5 share will be split into five ₹1 shares.
• Investors holding shares as of the record date (typically buying on or before January 13) will be eligible.
• Anup Kumar Saha appointed Whole-time Director (Designate), pending regulatory approvals.
• He previously played a significant role in Bajaj Finance’s growth, digital transformation, and customer expansion.

Disclaimer:

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