Karnataka Bank Shareholders Approve All AGM Resolutions

Event Details

Karnataka Bank Limited conducted its 102nd Annual General Meeting (AGM) on September 22, 2026, through virtual mode from Mangaluru. The AGM was presided over by Mr. Pradeep Kumar P, Chairman, in the presence of Mr. Raghavendra S. Bhat, MD & CEO, members of the Board, Legal advisor of the Bank and senior management.

Resolutions Approved

Shareholders approved all seven resolutions placed before the AGM with the requisite majority. The key resolutions included:

• Re-appointment of Mr. B. R. Ashok as Non-Executive, Non-Independent Director, who retired by rotation and offered himself for re-appointment
• Appointment of Mrs. Biji S S as Executive Director of the Bank
• Appointment of Dr. M. Aruna Shyam as Non-Executive Independent Director
• Appointment of Mr. Parthasarathi Periaswamy as Non-Executive Independent Director
• Appointment of M/s Batliboi & Purohit as Joint Statutory Auditors of the Bank
• Final dividend of ₹5.00 per equity share for the financial year ended March 31, 2026
• Approval of audited standalone and consolidated financial statements of the Bank for FY 2025-26, along with reports of Directors and Auditors

Financial Information

The final dividend approved amounts to ₹5.00 per equity share for FY 2025-26. The audited financial statements for the fiscal year ending March 31, 2026 were approved.