Nature of the Event

Kotak Mahindra Bank Limited held its Forty-First Annual General Meeting (AGM) on Saturday, August 1, 2026, at 10:00 a.m. IST through Video Conferencing. The meeting was conducted in compliance with applicable laws and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Figures and Dates

  • Meeting Date: August 1, 2026
  • Meeting Time: 10:00 a.m. to 1:10 p.m. IST
  • Remote e-voting period: July 28, 2026 (9:00 a.m. IST) to July 31, 2026 (5:00 p.m. IST)
  • Result declaration deadline: On or before August 4, 2026
  • Number of members in attendance: 118

Parties Involved

Chairman: Mr. C S Rajan, Non-Executive Independent Part-time Chairman

Directors in Attendance:

1. Mr. C S Rajan

2. Mr. Uday Shankar

3. Ms. Ashu Suyash

4. Mr. Eli Leenaars

5. Ms. Ketaki Bhagwati

6. Mr. Ramesh Iyer

7. Mr. Amit Desai

8. Mr. Uday Kotak

9. Mr. Ashok Vaswani

10. Mr. Jaideep Hansraj

11. Mr. Paritosh Kashyap

12. Mr. Anup Kumar Saha

Other Attendees:

  • Mr. Devang Gheewalla, Group Chief Financial Officer
  • Ms. Avan Doomasia, Company Secretary
  • Representatives of Joint Statutory Auditors: M/s. Deloitte Haskins & Sells and M M NISSIM & CO LLP
  • Representatives of Secretarial Auditor: M/s. Parikh & Associates
  • Mr. Alwyn D'Souza, Scrutinizer for e-voting process

Business Transacted

The following seven resolutions were presented for consideration:

1. Ordinary Resolution: Receiving, considering and adopting the Standalone Audited Financial Statements of the Bank for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon

2. Ordinary Resolution: Receiving, considering and adopting the Consolidated Audited Financial Statements of the Bank for the financial year ended March 31, 2026 together with the Report of the Auditors thereon

3. Ordinary Resolution: Declaration of dividend on Equity Shares for FY 2025-26

4. Ordinary Resolution: Re-appointment of Mr. Amit Desai, who retires by rotation and, being eligible, has offered himself for re-appointment

5. Ordinary Resolution: Re-appointment of Mr. Jaideep Hansraj, who retires by rotation and, being eligible, has offered himself for re-appointment

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

7. Special Resolution: Payment of Fixed Remuneration to Non-Executive Directors (excluding the Non-Executive Independent Part-time Chairperson)

Regulatory and Compliance Information

  • The Auditors' Report on financial statements for year ended March 31, 2026 and Secretarial Audit Report for FY 2025-26 contained no qualifications, observations, adverse comments or remarks.
  • Required registers (Directors and Key Managerial Personnel shareholdings, contracts where Directors are interested) were made available for inspection during the AGM.
  • Certificate from Secretarial Auditor certifying implementation of Stock Option Schemes, Stock Appreciation Rights Schemes and Performance Linked Restricted Stock Unit Scheme was available for inspection.
  • The facility for appointment of proxies was not applicable as the AGM was held through Video Conferencing.

Management Commentary

Mr. C S Rajan, Chairman, addressed shareholders on:

  • Kotak's 40-Year Journey and Milestones
  • Macroeconomic Environment
  • Transformation Strategy and Value Creation
  • Financial Performance during Financial Year 2025-26
  • Sustainability and Community Initiatives
  • Awards and Accolades
  • India's Growth Opportunity and Future Outlook

Mr. Ashok Vaswani, Managing Director & CEO, provided perspective on key updates and the Bank's strategic objective of 'Transforming for Scale'.

Voting Procedures

  • Remote e-voting was conducted through NSDL from July 28-31, 2026
  • Members attending the AGM who had not voted remotely could vote using e-voting facility provided by NSDL during the meeting
  • A 15-minute period was allocated for e-voting at the Meeting
  • The result of e-voting will be declared and submitted to stock exchanges on or before August 4, 2026
  • Scrutinizer's Report and voting results will be available on the Bank's website and NSDL's website (www.evoting.nsdl.com)

Financial Impact

Financial impact of dividend declaration not quantified in the disclosure.

Document Availability

The summary of proceedings is available on the Bank's website at https://www.kotak.bank.in/en/investor-relations/governance/sebi-listing-disclosures.html