Media Release

Mangaluru, Sep 23: Karnataka Bank Limited conducted its 102nd Annual General Meeting (AGM) on September 22  through virtual mode from Mangaluru. The AGM was presided over by Pradeep Kumar P, chairman, in the presence of Raghavendra S Bhat, MD & CEO, members of the Board, legal advisor of the Bank and senior management.

The shareholders approved all seven resolutions placed before the AGM with the requisite majority.

The key resolutions approved included the re-appointment of B R Ashok as non-executive, non-independent director, who retired by rotation and, being eligible, offered himself for re-appointment.

The shareholders further approved the appointment of Biji S S as executive director of the Bank, appointment of Dr M. Aruna Shyam and Parthasarathi Periaswamy as non-executive independent directors, and appointment of M/s Batliboi & Purohit as joint statutory auditors of the Bank.

The shareholders also approved the final dividend of Rs 5 per equity share for the financial year ended March 31, 2026. The audited standalone and consolidated financial statements of the Bank for FY 2025–26, along with the reports of the directors and auditors thereon, were also approved.

The AGM concluded with the Bank expressing its appreciation to its shareholders for their continued trust and support.