Karnataka Bank Limited has announced scheduled meetings with analysts and institutional investors, organized by Ernst & Young LLP on March 18, 2026, in Mumbai. The announcement was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Meeting Details and Schedule

The investor meetings will be conducted in-person at the EY Office, Ruby Building, Dadar, Tulsi Pipe Road, Mumbai, from 10:00 AM to 5:00 PM on March 18, 2026. The bank's top management will participate in these interactions through multiple formats.

Meeting Format and Participation

The sessions will include both group meetings and one-on-one interactions with institutional investors and analysts. Participation will be limited to those specifically invited by the organizer, Ernst & Young LLP. The bank has specified that no special platform requirements are needed for attendance.

Information Sharing Framework

Karnataka Bank has emphasized that only information available in the public domain will be shared and discussed during these meetings. The bank has already uploaded its Q3FY2025-26 investor presentation on its website and filed it with the stock exchanges, which will serve as the reference material for discussions.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 (6) of the SEBI (LODR) Regulations, 2015, read with Schedule III Part A (15), ensuring full compliance with disclosure requirements for investor meetings. The bank has provided comprehensive details about the meeting structure, participation criteria, and information sharing protocols to maintain transparency with stakeholders.

Karnataka Bank Limited has announced the resignation of Dr. D.S. Ravindran as Non-Executive Independent Director, effective March 06, 2026, at 09:00 PM. The resignation follows the failure of his re-appointment resolution in the bank's recent postal ballot conducted through remote e-voting.

Postal Ballot Results and Immediate Resignation

The e-voting process, which concluded on March 06, 2026, yielded mixed outcomes for the bank's board composition. Dr. Ravindran's re-appointment resolution failed to secure the required majority, receiving only 59.45% approval from shareholders. In his resignation email dated the same day, Dr. Ravindran cited moral imperative as the reason for his immediate resignation, stating that since the resolution "has not found favour with the shareholders of the Bank," he deemed it necessary to step down.

Committee Positions Vacated

Consequent to his resignation, Dr. D.S. Ravindran ceased to be a member of several key board committees. The bank disclosed that he held significant positions across multiple committees, including serving as Chairman of the IT Strategy Committee of the Board.

E-Voting Process Details

The remote e-voting facility was made available to all members holding shares as on the cut-off date of January 30, 2026. The voting period commenced on February 05, 2026, at 09:00 AM IST and concluded on March 06, 2026, at 05:00 PM IST. CS Ullas Kumar Melinamogaru, Practicing Company Secretary, was appointed as the scrutinizer for the remote e-voting process.

Regulatory Compliance and Disclosure

The bank has made the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to both NSE and BSE. Dr. Ravindran confirmed in his resignation letter that there are no other material reasons for his resignation beyond those mentioned. The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and other applicable regulations.

While Dr. Ravindran's re-appointment was unsuccessful, the second resolution for Mr. Balakrishna Alse S's re-appointment as Non-Executive Independent Director was approved with 76.78% of votes in favor. The bank has indicated that necessary filings with the Registrar of Companies and stock exchanges will be completed as per regulatory requirements.