Karur Vysya Bank Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
KARURVYSYA · price
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Karur Vysya Bank has announced the results of its Postal Ballot conducted via remote e-voting, with all four resolutions passed by shareholders on May 17, 2025. The first resolution approved the appointment of Shri Sankar Balabhadrapatruni as Executive Director for three years, with 94.24% votes in favour. The second resolution cleared his remuneration, receiving 94.67% support. The third and fourth resolutions, both special resolutions, approved the re-appointment of Dr. Meena Hemchandra and Shri Murali Ramaswami as Non-Executive Independent Directors for a second term of five years each, with 93.42% and 93.00% votes in favour respectively. Overall voting turnout was around 53.35% of the total 80.51 crore outstanding shares, with 2,70,552 shareholders eligible to vote as on the April 11, 2025 cut-off date.
All four key governance resolutions have been cleared with strong shareholder support (over 93% in favour on each), reinforcing board continuity. This is a routine corporate governance outcome with no material disruption expected; the stock is unlikely to see significant movement solely on this news.