The Karnataka Bank Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
KTKBANK · price
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Karnataka Bank's shareholders approved amendments to the bank's Articles of Association at the 101st Annual General Meeting held on September 23, 2025, through a special resolution. The key change relates to Article 51(e), which deals with the appointment of power of attorney. Earlier, only the heads of the Human Resource Department (any two of three) could jointly appoint attorneys, with the MD & CEO as a fallback. The amended provision broadens this authority to include any two of three General Managers (or equivalent rank) from the Branch Banking Department, HR & IR Department, or Legal and Recovery Department. This essentially decentralises and expands the pool of officials who can grant power of attorney on behalf of the bank.
This is a routine internal governance update with no direct impact on shareholders' financial interests or stock price. It simply streamlines operational authority by widening the eligible signatories for legal delegations across multiple departments.