The Karnataka Bank Limited has informed the Exchange about Re-appointment of Non-Executive Independent Directors of the Bank
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Karnataka Bank's Board, at its meeting on June 24, 2025, approved the re-appointment of two Non-Executive Independent Directors for a further three-year term effective August 19, 2025 to August 18, 2028. The two directors are Mr. Justice A. V. Chandrashekar (former Karnataka High Court Judge) and Mr. Pradeep Kumar Panja (former MD of State Bank of India's Corporate Banking arm and current Part-Time Chairman of the Bank). Both have been on the Board since August 19, 2020, and the bank confirmed they have not been debarred by SEBI or any other authority from holding directorship. The re-appointments are subject to shareholder approval, as required under SEBI LODR Regulations and the Companies Act, 2013.
This is a routine governance update with no negative implications. Continuity on the Board preserves institutional knowledge and may be viewed positively by investors, as both directors bring strong banking and legal expertise. Shareholder approval will be sought at the next general meeting, but no immediate material impact on the stock is expected.