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

Meeting Execution and Outcomes

The investor meetings were conducted as planned 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 representatives participated in interactions through multiple formats including both group meetings and one-on-one sessions with institutional investors and analysts.

Participant Details

The meetings saw participation from 13 prominent institutional investors and analysts, representing major asset management companies and securities firms. The participant list included established names from the investment community.

Information Sharing and Compliance

Karnataka Bank maintained strict adherence to regulatory guidelines during the meetings. Only information available in the public domain was shared and discussed with participants. The bank's Q3FY2025-26 investor presentation, which was already uploaded on the bank's website and filed with stock exchanges, served as the primary reference material for all discussions.

Regulatory Disclosure

The bank filed the outcome disclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring complete transparency with stakeholders. The disclosure was made by Company Secretary & Compliance Officer Sham K, maintaining the bank's commitment to regulatory compliance and investor transparency.

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.