Karur Vysya Bank Ltd has informed BSE regarding "Scrutiniser''s Report and Declaration of Postal Ballot (Remote e-Voting)<BR>Results, pursuant to Regulation 44 of SEBI (Listing Obligations ....
KARURVYSYA · price
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Karur Vysya Bank has received shareholder approval through postal ballot (remote e-voting) for the appointment of Dr. Mythili Vutukuru (DIN: 10371961) as Non-Executive Independent Director for a period of three years, via a Special Resolution. Voting was open from November 21 to December 20, 2025, with the cut-off date of November 17, 2025. Out of 96.65 crore total outstanding shares, about 49.47 crore shares (51.18%) participated in the voting. An overwhelming 99.99% of votes polled (49,46,39,079 shares) were in favour, while only 54,864 shares (0.01%) voted against the resolution. The resolution has been deemed passed with the requisite majority on December 20, 2025.
This is a routine corporate governance event that adds a new independent director to the board. The near-unanimous approval (99.99%) reflects strong shareholder support and is unlikely to have any material impact on the stock price. Investors should track the new director's profile and committee assignments for any future strategic implications.