Kotak Mahindra Bank Limited has informed the Exchange regarding Notice of Postal Ballot
KOTAKBANK · price
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Kotak Mahindra Bank has issued a Postal Ballot Notice dated March 25, 2026, seeking shareholder approval for the appointment of Mr. Ramesh G. Iyer (DIN: 00220759) as a Director and Independent Director. Mr. Iyer, aged 67, was initially appointed as Additional Director on February 17, 2026, for a four-year term ending February 16, 2030, filling the seat vacated by Dr. Ashok Gulati, whose five-year term ended on March 5, 2026. He brings over four decades of experience at the Mahindra Group, including a long stint as Vice Chairman & MD of Mahindra & Mahindra Financial Services Limited, with deep expertise in rural and inclusive finance. Voting will be conducted only via remote e-voting through NSDL, with the window open from March 26, 2026 (9:00 a.m. IST) to April 24, 2026 (5:00 p.m. IST). Results are scheduled to be declared on or before April 28, 2026, with the cut-off date for eligibility set as March 20, 2026.
This is a routine governance action to formalize the induction of an experienced financial services professional onto the board, and is unlikely to materially affect the stock price. Shareholders need to cast their e-vote by April 24, 2026 if they wish to participate in the decision.