The Karnataka Bank Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
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The Karnataka Bank Limited held its 101st Annual General Meeting on September 23, 2025, via Video Conferencing from 11:30 AM to 12:35 PM IST, with 249 members in attendance. All 8 board members were present, and the meeting was chaired by Independent Director Mr. P Pradeep Kumar. The Joint Statutory Auditors gave an unmodified (clean) opinion on the FY25 financials. Shareholders approved all 8 resolutions, including a dividend of Rs. 5.00 per equity share, reappointment of two directors, appointment of new Joint Statutory Auditors and a Secretarial Auditor, amendments to the Articles of Association, and the appointment of Mr. Raghavendra Srinivas Bhat as the new Managing Director & CEO.
The clearance of all resolutions confirms shareholder support for the bank's governance and leadership, including the new MD & CEO appointment. The Rs. 5.00 per share dividend offers a tangible return, and the clean audit opinion reinforces confidence in the FY25 financial statements.