Meeting Details

The Forty-First Annual General Meeting of Kotak Mahindra Bank Limited was held on Saturday, August 1, 2026 at 10:00 a.m. (IST) through Video Conferencing, in compliance with MCA General Circular No. 3/2025 dated 22nd September, 2025 and subsequent circulars.

Resolutions and Implications

Seven resolutions were proposed and approved:

1. Ordinary Resolution: To receive, consider and adopt the Standalone Audited Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors

2. Ordinary Resolution: To receive, consider and adopt the Consolidated Audited Financial Statements for FY ended 31st March, 2026 with Auditors' report

3. Ordinary Resolution: To declare dividend on equity shares for FY 2025-26

4. Ordinary Resolution: To re-appoint Mr. Amit Desai as Director

5. Ordinary Resolution: To re-appoint Mr. Jaideep Hansraj as Director

6. Ordinary Resolution: Fixing of remuneration of Joint Statutory Auditors for FY 2026-27

7. Special Resolution: Payment of fixed remuneration to Non-Executive Directors (excluding Non-Executive Independent Part-time Chairperson)

Voting Process

The e-voting facility (both remote e-voting and electronic voting at AGM) was provided by National Securities Depository Limited (NSDL). Remote e-voting concluded on Friday, 31st July, 2026 at 5:00 p.m. IST. Electronic voting was also conducted during the AGM for members present through VC who did not participate in remote e-voting.

Voting Outcomes

Resolution 1 (Standalone Financial Statements)

  • Total votes cast: 844,88,55,898
  • In favor: 99.95%
  • Against: 0.05%
  • Invalid votes: Nil

Resolution 2 (Consolidated Financial Statements)

  • Total votes cast: 844,88,56,526
  • In favor: 99.95%
  • Against: 0.05%
  • Invalid votes: Nil

Resolution 3 (Dividend Declaration)

  • Total votes cast: 852,03,20,390
  • In favor: 100.00%
  • Against: 0.00%
  • Invalid votes: Nil

Resolution 4 (Re-appointment of Mr. Amit Desai)

  • Total votes cast: 851,98,46,656
  • In favor: 97.12%
  • Against: 2.88%
  • Invalid votes: Nil

Resolution 5 (Re-appointment of Mr. Jaideep Hansraj)

  • Total votes cast: 851,98,46,456
  • In favor: 98.44%
  • Against: 1.56%
  • Invalid votes: Nil

Resolution 6 (Auditors' Remuneration)

  • Total votes cast: 851,98,46,476
  • In favor: 100.00%
  • Against: 0.00%
  • Invalid votes: Nil

Resolution 7 (Non-Executive Directors' Remuneration)

  • Total votes cast: 851,98,46,136
  • In favor: 99.99%
  • Against: 0.01%
  • Invalid votes: Nil

Shareholder Participation Breakdown

Total shareholders on record date: 83,93,93

Shareholders present through VC: 118 (Promoter & Promoter Group: 1, Public: 117)

Category-wise Voting Details:

Promoter & Promoter Group:

  • Shares held: 2,57,32,01,985
  • Votes polled: 2,57,29,81,985 (99.99% participation)
  • Consistently voted 100% in favor of all resolutions

Public Institutions:

  • Shares held: 3,53,24,52,111
  • Votes polled: 3,45,16,00,964 (97.71-97.72% participation)
  • Voted 100% in favor of all resolutions

Public Non-Institutions:

  • Shares held: 3,84,17,16,677
  • Votes polled: 2,49,52,63,xxx (64.95% participation)
  • Showed varying approval rates across different resolutions

Scrutinizer's Role and Findings

Mr. Alwyn D'Souza (Membership No. 5559, Certificate of Practice No. 5137), Practising Company Secretary and Partner at M/s. Alwyn Jay & Co., was appointed as Scrutinizer. The votes were unblocked on the e-voting website of NSDL on August 1, 2026 at around 1:10 p.m. IST in the presence of two witnesses: Mr. Edlon Dsouza and Mr. Krishnakant Adagale. The Scrutinizer confirmed that all resolutions were approved with requisite majority and the voting process was conducted in a fair and transparent manner.

Compliance Confirmation

The meeting was conducted in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (LODR) Regulations, 2015. The Notice of AGM along with Annual Report for FY 2025-26 was sent through electronic mode to registered members and uploaded on the Bank's website.

Additional Information

The voting results are available on the Bank's website (https://www.kotak.bank.in/en/investor-relations/governance/sebi-listing-disclosures.html) and on NSDL's e-voting website (https://www.evoting.nsdl.com/). All relevant records of electronic voting will remain in the Scrutinizer's safe custody until the Chairman approves and signs the Minutes of the AGM.