Karnataka Bank Announces 102nd AGM on Sept 22, 2026, to Include Final Dividend Declaration
Karnataka Bank's 102nd AGM is on Sept 22, 2026. Agenda includes adopting FY26 financials and declaring a ₹5 final dividend per share. Appointments of Mrs. Biji Sreekrishnavilas Sankaranarayanan as Executive Director and new independent directors are also proposed. Key dates for e-voting and record date are set.
The AGM notice involves several key decisions including dividend declaration, appointment of directors, and auditors, which are material to the company's governance and operations.
The announcement is a routine corporate event (AGM notice) with standard agenda items like financial statement adoption, dividend declaration, and director appointments. While these are important, they do not present unexpected positive or negative financial news.
The Karnataka Bank Limited has announced its 102nd Annual General Meeting (AGM), scheduled to be held on Tuesday, September 22, 2026, at 11:00 AM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
Key agenda items for the AGM include the adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. Additionally, the shareholders will consider and vote on the declaration of a final dividend of ₹5.00 per equity share for the Financial Year ended March 31, 2026. The Board of Directors has recommended this dividend.
The meeting will also address the re-appointment of Mr. B R Ashok as a Director and the appointment of M/s. Batliboi & Purohit as Joint Statutory Auditors for a period of three years, along with their remuneration. Furthermore, the appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan as Executive Director for a period of three years, effective from July 15, 2026, will be presented for approval. The remuneration structure for Mrs. Sankaranarayanan has been detailed, including fixed pay, allowances, perquisites, and variable pay components.
In addition, the AGM will seek approval for the appointment of Dr. M Aruna Shyam and Mr. Parthasarathi Periaswamy as Non-Executive, Independent Directors for a term of four years, effective from July 18, 2026, and July 29, 2026, respectively. The notice also outlines the cut-off dates for remote e-voting, the record date for dividend eligibility, and the expected dividend payout date.
A plain-language summary of a public exchange filing by The Karnataka Bank Limited. Read the original for the full detail.