Karnataka Bank Announces 102nd AGM on Sep 22, Recommends ₹5 Dividend
Karnataka Bank's 102nd AGM is scheduled for September 22, 2026, via VC/OAVM. The bank recommended a dividend of ₹5 per equity share for FY26, with a record date of September 15, 2026. Members must submit tax-related documents by September 17, 2026.
The AGM and dividend announcement are important for shareholders, impacting their engagement and potential returns, but do not represent a significant strategic shift or financial event for the bank itself.
The announcement is a routine corporate communication regarding the AGM and dividend declaration, with no significant positive or negative financial implications mentioned.
The Karnataka Bank Limited has announced that its 102nd Annual General Meeting (AGM) will be convened on Tuesday, September 22, 2026, at 11:00 A.M. IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with SEBI regulations and the Companies Act, 2013.
The Bank's Board of Directors, in a meeting held on Tuesday, May 19, 2026, recommended a dividend of ₹5.00 per equity share (face value ₹10) for the Financial Year ended March 31, 2026. The record date for this dividend is set as September 15, 2026. The dividend, once declared by shareholders at the AGM, will be paid to those shareholders whose names appear in the Bank's Register of Members or Beneficial Position received from NSDL and CDSL as of the close of business hours on September 15, 2026.
The bank also informed that the Income Tax Act, 2025, mandates tax deduction at source (TDS) on dividend payments. Members are requested to submit relevant documents by September 17, 2026, to determine the appropriate TDS rate. Detailed instructions for participation in the AGM and e-voting will be provided in the AGM notice, which will be sent electronically along with the Annual Report for FY 2025-26. Both documents will also be available on the bank's website and stock exchange websites.
A plain-language summary of a public exchange filing by The Karnataka Bank Limited. Read the original for the full detail.