Karnataka Bank has scheduled its 102nd Annual General Meeting for Tuesday, September 22, 2026. The event will commence at 11:00 am and will be conducted via Video Conferencing or Other Audio Visual Means.

The Board of Directors approved the schedule during its meeting held on August 29, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting aligns with extant guidelines issued by the Ministry of Corporate Affairs and SEBI regarding remote participation. Members will be able to attend and vote through the specified digital channels.

Sham Kanathila, Company Secretary and Compliance Officer, signed the communication. The bank’s registered office is located in Mangaluru.

Karnataka Bank launched the Capital Gains Account Scheme on August 28, 2026, providing customers with a compliant avenue for tax planning on capital gains.

The scheme assists taxpayers who have earned capital gains from eligible assets but cannot complete prescribed reinvestments within the stipulated timeframe. By depositing funds into the designated account, holders can avail of tax deferral benefits under the Income-tax Act.

About the Capital Gains Account Scheme

Karnataka Bank is among the authorized banks permitted to offer the scheme. The initiative aligns with the government's decision to expand CGAS availability through additional banking partners, improving accessibility for taxpayers across the country.

Customers can open two types of accounts under the scheme:

• Capital Gains Account-A: A savings deposit account offering flexible deposits and withdrawals.
• Capital Gains Account-B: A term deposit account designed for longer-term parking of funds.

These accounts support eligible reinvestments, including the purchase or construction of residential property and other qualifying investments as permitted by tax regulations.

Key highlights

Sri. Raghavendra S Bhat, Managing Director & CEO, stated that the launch reflects the bank's focus on providing convenient and compliant solutions for effective tax planning and investment decisions.

Customers may visit their nearest Karnataka Bank branch for details on account opening procedures, documentation requirements, and applicable terms.