Karur Vysya Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on March 04, 2026 - "Re-appointment of CA Dr Chinnasamy Ganesan DIN 07615862 as Non-executive Independent Director of the Bank for second term"
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Karur Vysya Bank's board, at its meeting on March 4, 2026, approved the re-appointment of CA Dr Chinnasamy Ganesan (DIN: 07615862) as a Non-Executive Independent Director for a second five-year term, effective April 25, 2026 to April 24, 2031. The re-appointment is subject to shareholder approval. Dr Ganesan is a Chartered Accountant with over 30 years of experience in audit, financial reporting, taxation, and advisory, and currently serves on other boards including Belstar Microfinance Limited. The bank confirmed he is not debarred by SEBI from holding a directorship.
This is a routine continuity announcement with no material impact on shareholders. It signals board stability as a seasoned independent director with strong financial expertise continues, though the appointment still requires shareholder approval.