Change in Statutory Auditors – Karnataka Bank Ltd.

Outgoing Auditor:

Not Specified

Incoming Auditor:

Name of the New Audit Firm: M/s. Batliboi & Purohit, Chartered Accountants

Firm Registration Number (FRN): 101048W

Term of Appointment and Validity: 3 years from conclusion of 102nd Annual General Meeting until conclusion of 105th Annual General Meeting

Interim Appointment or Subject to Shareholder Approval: Approved by members at 102nd Annual General Meeting held on September 22, 2026

Existing Joint Auditor:

Name: M/s. R.G.N. Price & Co., Chartered Accountants

Firm Registration Number: 002785S

Term: Will continue to hold office until conclusion of 103rd Annual General Meeting

Regulatory Compliance Statement:

The Reserve Bank of India approved the appointment vide letter CO.DOS.RPD.No.: S3635/08.11.005/2026-27 dated August 11, 2026

Disclosure made pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Annexures / Firm Profiles:

M/s. R.G.N. Price & Co., Chartered Accountants:

  • Over 35 years of extensive experience in audit profession (Banks/NBFCs)
  • 17 partners and team of more than 57 professionals
  • Professionals hold certifications including CIA, CISA, and CFE
  • Expertise areas: Taxation, Financial Compliance, Sarbanes Oxley Advisory, IT Advisory, Due Diligence Reviews, Business Valuations
  • Specialized services: Ind AS Transition, Internal Control Framework setup, Cost reduction strategies, Mergers and Acquisition assistance, financial performance health check, SOX Testing Support

M/s. Batliboi & Purohit, Chartered Accountants:

  • Over 42 years of experience in audit and assurance services
  • 15 Partners and strong team of 155 professionals and staff
  • Team comprises Chartered Accountants, MBAs, DISA and CIA (USA) professionals, Forensic Auditors, Cyber Security and Information Systems Auditors, Cost and Management Accountants, Company Secretaries, and retired Government and Banking officials
  • Services provided: Statutory Audits, Internal Audits, Tax Audits, Risk Advisory, Business Systems Studies, Social Audits, CSR Impact Studies, Information Technology Reviews, Due Diligence Reviews, Direct and Indirect Tax Consultancy

Board / Committee Meeting Details:

Approval obtained at 102nd Annual General Meeting held on September 22, 2026

Financial Implications:

Remuneration fixed by shareholders at Annual General Meeting

Other Corporate Information:

Disclosure signed by Sham K, Company Secretary & Compliance Officer

Digitally signed on September 22, 2026 at 15:10:08 +05:30