Karnataka Bank Ltd

Karnataka Bank Ltd: Trading window closed from October 01, 2026 till 48 hours after the declaration of the unaudited financial results for the quarter ending on September 30, 2026

AGM resolutions and approvals

• AGM held Sept 22, 2026, via virtual mode from Mangaluru.
• Shareholders approved all seven resolutions by requisite majority.
• Re-appointment of B. R. Ashok as Non-Executive Director approved.
• Appointment of Mrs. Biji S S as Executive Director approved.
• Appointment of Dr. M. Aruna Shyam as Independent Director approved.
• Appointment of Parthasarathi Periaswamy as Independent Director approved.
• Appointment of Batliboi & Purohit as Joint Statutory Auditors approved.
• Final dividend of Rs. 5.00 per equity share approved for FY 2025-26.
• Audited standalone and consolidated financial statements for FY 2025-26 approved.
• AGM concluded with appreciation to shareholders.

AGM outcomes and governance actions

• 102nd AGM held Sep 22, 2026 via VC/OAVM with e-voting Sep 18–21, 2026.
• Standalone and consolidated FY2026 financial statements were adopted.
• Final dividend on equity shares for FY2026 approved.
• Mrs. Biji Sreekrishnavilas Sankaranarayanan appointed as Executive Director.
• Dr. M Aruna Shyam appointed as Non-Executive Independent Director.
• Parthasarathi Periaswamy appointed as Non-Executive Independent Director.
• Batliboi & Purohit appointed as Joint Statutory Auditor; remuneration to be fixed.
• All resolutions passed with requisite majority.

AGM details

• Date: September 22, 2026; Time: 11:00 AM IST; Mode: VC/OAVM.

Key resolutions

• Adopt standalone & consolidated financials for FY ended March 31, 2026.
• Declare final dividend on equity shares for FY ended March 31, 2026.
• Re-appoint B R Ashok as director, retires by rotation.
• Appoint Batliboi & Purohit as Joint Statutory Auditors; fix remuneration.
• Appoint Mrs. Biji Sreekrishnavilas Sankaranarayanan as Executive Director.
• Approve Dr. M Aruna Shyam as Non-Executive Independent Director.
• Approve Parthasarathi Periaswamy as Non-Executive Independent Director.

Voting results

• All resolutions passed with requisite majority; results published on stock exchanges.

Dividend

• Final dividend declared; per-share amount not disclosed.

Director changes

• Executive Director appointed: Mrs. Biji Sreekrishnavilas Sankaranarayanan.
• Independent Directors appointed: Dr. M Aruna Shyam; Parthasarathi Periaswamy.
• Director re-appointment: B R Ashok (retiring by rotation).

Auditor appointments

• Joint Statutory Auditors appointed: Batliboi & Purohit; replaces Ravi Rajan & Co.
• Remuneration for new auditors to be fixed.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• No other material approvals disclosed beyond seven resolutions.

Re-appointment: Balebail Rajagopal Ashok

• Re-appointment of Balebail Rajagopal Ashok as Non-Executive Director.
• Date: 22.09.2026; tenure up to Aug 26, 2027; reason: retirement by rotation.
• Profile: CA with 41 years in statutory audits and advisory.
• Relationship: Not related to other directors.
• Debarment: Not debarred by SEBI or authorities.

Appointment: Biji Sreekrishnavilas Sankaranarayanan as Executive Director

• Appointment of Biji Sreekrishnavilas Sankaranarayanan as Executive Director.
• Date: 15.07.2026; term: three years from July 15, 2026.
• Profile: 31-year banking leader; focus on corporate, digital modernization.
• Relationship: Not related to other directors.
• Debarment: Not debarred by SEBI or authorities.

Appointment: Dr. M Aruna Shyam as Non-Executive Independent Director

• Appointment of Dr. M Aruna Shyam as Non-Executive Independent Director.
• Date: 18.07.2026; term: four years from July 18, 2026.
• Profile: Lawyer with decades in Civil/Constitutional and Banking law; Senior Advocate.
• Relationship: Not related to other directors.
• Debarment: Not debarred by SEBI or authorities.

Appointment: Parthasarathi Periaswamy as Non-Executive Independent Director

• Appointment of Parthasarathi Periaswamy as Non-Executive Independent Director.
• Date: 29.07.2026; term: four years from July 29, 2026.
• Profile: Technology and cybersecurity leader; ex-CISO RBI; governance roles.
• Relationship: Not related to other directors.
• Debarment: Not debarred by SEBI or authorities.

Auditor Appointment

• AGM on Sep 22, 2026 approved Batliboi & Purohit as joint statutory auditors for 3 years.
• R.G.N. Price & Co. to continue till the conclusion of the 103rd AGM.
• RBI approved appointment via letter CO.DOS.RPD.No.: S3635/08.11.005/2026-27 dated Aug 11, 2026.

AGM details

• AGM held on 22 September 2026 at 11:00 AM via VC/OAVM.

Key resolutions

• Ordinary Resolution 1: Adopt standalone and consolidated financial statements for FY2026.
• Ordinary Resolution 2: Declare final dividend on equity shares for FY2026.
• Ordinary Resolution 3: Re-appointment of Mr. B R Ashok (retiring by rotation).
• Ordinary Resolution 4: Appoint Batliboi & Purohit as Joint Statutory Auditors; remuneration to be fixed.
• Ordinary Resolution 5: Appoint Mrs. Biji Sankaranarayanan as Executive Director.
• Special Resolution 6: Appoint Dr. M Aruna Shyam as Non-Executive Independent Director.
• Special Resolution 7: Appoint Mr. Parthasarathy Periaswamy as Non-Executive Independent Director.

Voting results

• Resolution 1 passed with 99.89% in favour.
• Resolution 2 passed with 99.60% in favour; 0.40% against.
• Resolution 3 passed with 78.26% in favour; 21.74% against.
• Resolution 4 passed with 99.89% in favour; 0.11% against.
• Resolution 5 passed with 99.02% in favour; 0.98% against.
• Resolution 6 passed with 99.87% in favour; 0.13% against.
• Resolution 7 passed with 99.86% in favour; 0.14% against.

Dividend

• Final dividend on equity shares declared for FY2026.

Directors and auditors changes

• Executive Director appointed: Mrs. Biji Sankaranarayanan.
• Independent Directors appointed: Dr. M Aruna Shyam and Mr. Parthasarathy Periaswamy.
• Re-appointment: Mr. B R Ashok (retiring by rotation).
• Joint Statutory Auditor appointed: Batliboi & Purohit; remuneration to be fixed.

Promotions to DGM cadre (Senior Management)

• Akshayaraj Rao – Promotion to DGM cadre; effective 19.09.2026; Business Management graduate, CAIIB, CCP; joined 2002 as clerk.
• Adiga Praveen Chakrapani – Promotion to DGM cadre; effective 19.09.2026; BE CS, CAIIB; joined 12.04.2006 as clerk.
• Danish – Promotion to DGM cadre; effective 19.09.2026; B.Com, CAIIB; joined 04.01.2005 as clerk.
• Krishna Prasad K J – Promotion to DGM cadre; effective 19.09.2026; BE Automobiles, CAIIB; joined 01.10.2002 as clerk.
• Jayaprakash Udupa H – Promotion to DGM cadre; effective 19.09.2026; B.Com, JAIIB; joined 27.08.1997 as clerk.
• Vishwanath S R – Promotion to DGM cadre; effective 19.09.2026; BSc, BEd, CAIIB; joined 01.01.1996 as clerk.

Meeting Details

• Dates and times: Sep 10–11, 2026, 10:00 AM–05:00 PM.
• Mode: physical group and one-on-one meetings in Mumbai.
• Organiser: Ernst & Young LLP.

Participants

• Company representative: Company Secretary & Compliance Officer.

Purpose

• Purpose: Analyst/institutional investor interaction; discussion of publicly available information.

Additional Notes

• Presentation available on bank website's quarterly results page.