Indian Overseas Bank — Others, 07-04-2025: Certificate under SEBI (Depositories and Participants) Regulations, 2018

Indian Overseas Bank has announced a board meeting to review the Reconciliation of Share Capital Audit for the quarter ended March 31, 2025. The bank's issued capital stands at 1,925.66 crore shares, with 95.82% held in dematerialized form. A significant event during this period was the allotment of 35,41,77,539 equity shares at ₹40.57 each, aimed at raising capital as approved by shareholders in July 2024. This update underscores the bank's strategic focus on enhancing its capital base, which could improve financial stability. Investors may view this move positively, reflecting the bank's proactive approach to capital management.