Kotak Mahindra Bank Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
KOTAKBANK · price
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Kotak Mahindra Bank has announced the results of a postal ballot voting on the appointment of Mr. Ramesh G. Iyer as a Director and Independent Director of the Bank. The special resolution was passed with overwhelming shareholder approval of 99.73%, with 8,41,48,92,966 votes in favor out of 8,43,75,39,385 total votes polled. Only 0.27% of votes (2,26,46,419) were against the appointment. The e-voting period ran from March 26, 2026 to April 24, 2026, conducted through NSDL. The resolution is deemed passed as of April 24, 2026.
The appointment of Mr. Ramesh G. Iyer as Independent Director strengthens the Bank's board with experienced governance oversight. The near-unanimous approval (99.73%) signals strong shareholder confidence in the new director's appointment and is a positive development for corporate governance.