Karnataka Bank has made a regulatory disclosure regarding the authorization of Key Managerial Personnel (KMP) for determining materiality of events and information under SEBI regulations. The announcement was made through a formal communication to the National Stock Exchange of India Limited and BSE Limited.

Board Authorization for Materiality Determination

Pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has authorized specific personnel to determine the materiality of events or information for stock exchange disclosures. The authorization follows the bank's 'Policy for determination of materiality of any event/information for disclosure to Stock Exchanges'.

The Board has designated the Chief Financial Officer or, in his/her absence, the Company Secretary in consultation with the Managing Director & CEO for this responsibility.

Key Responsibilities of Authorized Personnel

The authorized Key Managerial Personnel have been entrusted with specific duties related to materiality assessment:

• Review events/information and verify their accuracy
• Assess whether the event/information requires disclosure to Stock Exchanges under Listing Regulations
• Report matters for external legal advice when materiality is uncertain

Designated Key Managerial Personnel

The bank has provided detailed information about the personnel authorized for materiality determination:

Regulatory Compliance Framework

This disclosure demonstrates Karnataka Bank's commitment to maintaining transparency and compliance with SEBI's regulatory framework. The formal authorization ensures that materiality assessments are conducted by designated personnel with appropriate oversight mechanisms in place.

The communication was signed by Mr. Sham K, Company Secretary & Compliance Officer, and has been disseminated to both major stock exchanges where the bank's shares are listed under scrip codes KTKBANK (NSE) and 532652 (BSE).

Karnataka Bank Limited has announced regulatory updates following its Board of Directors meeting held on March 27, 2026. The bank disclosed amendments to critical compliance codes under SEBI regulations, reinforcing its commitment to transparent governance practices.

Board Approvals and Regulatory Compliance

The Board of Directors considered and approved amendments to two essential regulatory frameworks during their March 27, 2026 meeting. These updates ensure continued adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Code Evolution and Version History

The amended codes represent the latest iteration in Karnataka Bank's ongoing regulatory compliance efforts. The documentation shows a systematic approach to policy updates, with the current version being V10.0 approved on March 27, 2026. Previous versions were regularly updated, with the most recent prior version (V9.0) approved on March 27, 2025.

Accessibility and Transparency

Karnataka Bank has ensured stakeholder access to the updated regulatory frameworks. The amended codes are available through the bank's official website at the investors' policies and codes section. This accessibility demonstrates the bank's commitment to transparency and enables stakeholders to review the updated compliance requirements.

Regulatory Framework Components

The updated codes encompass comprehensive guidelines covering multiple aspects of insider trading prevention and fair disclosure practices. The Fair Disclosure Code includes provisions for timing of disclosure, designation of Chief Investor Relations Officer, response protocols for queries, and procedures for analyst and investor discussions. The Insider Trading Code covers objectives and scope, definitions of key terms, restrictions on communication of unpublished price sensitive information, trading restrictions, pre-clearance procedures, and disclosure requirements.

Corporate Governance Impact

These amendments reflect Karnataka Bank's proactive approach to corporate governance and regulatory compliance. The updated codes establish clear frameworks for handling sensitive information, ensuring that all designated persons and connected individuals understand their obligations under current SEBI regulations. The comprehensive nature of these codes demonstrates the bank's commitment to maintaining the highest standards of market integrity and investor protection.