Karnataka Bank Appoints CFO & Company Secretary for Materiality Determination
Karnataka Bank has authorized its Chief Financial Officer, Mr. Vijayakumar P.H., and Company Secretary, Mr. Sham K., to determine the materiality of events for disclosure as per SEBI regulations. This enables timely and accurate reporting to stock exchanges.
This is a procedural and compliance-related update, not directly impacting the bank's financial performance or operations in the short term.
The announcement is a routine compliance disclosure regarding the authorization of key personnel for materiality determination, with no immediate positive or negative financial implications.
The Karnataka Bank Limited has disclosed the appointment of key managerial personnel authorized to determine the materiality of events or information for disclosure to stock exchanges. This action is in compliance with Regulation 30 (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the bank's internal policy for materiality determination.
The authorized personnel include the Chief Financial Officer, Mr. Vijayakumar P.H., and the Company Secretary, Mr. Sham K. In the absence of the Chief Financial Officer, the Company Secretary will act in consultation with the Managing Director & CEO. These individuals are empowered to review and verify the accuracy of events/information, assess the need for disclosure under Listing Regulations, and seek external legal advice if there is uncertainty regarding materiality.
Contact details for Mr. Vijayakumar P.H. (CFO) are: Phone: 0824-2228137 / 112, Email: Finaccts@ktkbank.com. Contact details for Mr. Sham K (Company Secretary) are: Phone: 0824-2228182, Email: Comsec@ktkbank.com. Both are located at the Registered and Head Office, PB No. 599, Mahaveera Circle, Kankanady, Mangaluru - 575002.
What to do with a filing like this
The Karnataka Bank Limited filed this with the NSE as a statutory disclosure, categorised under corporate governance report. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by The Karnataka Bank Limited. Read the original for the full detail.