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.
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Kotak Mahindra Bank has completed its postal ballot process, with both resolutions approved by shareholders. The first resolution, an Ordinary Resolution to appoint Mr. Anup Kumar Saha as Whole-Time Director (Executive Director) and approve his remuneration, passed with 98.87% votes in favour (3,755 members, 833.28 crore shares) and 1.13% against. The second resolution, a Special Resolution to issue unsecured, redeemable, non-convertible debentures/bonds on a private placement basis in FY 2026-27, passed with near-unanimous approval of 99.998% in favour (3,817 members, 842.83 crore shares). The remote e-voting was conducted from February 3, 2026 to March 4, 2026, with results declared on March 4, 2026 by scrutinizer Alwyn D'Souza, Practising Company Secretary.
Mr. Anup Kumar Saha's appointment as Whole-Time Director is now formally confirmed, and the bank has secured shareholder approval to raise debt through private placement in FY27, giving it flexibility for future funding and capital planning.