Karur Vysya Bank has announced the resignation of a senior management personnel, with Shri Shekhar Ramarajan stepping down from his role as General Manager & Head - Corporate & Institutional Group (CIG) effective April 13, 2026. The resignation was submitted due to personal reasons, specifically citing the need to relocate to Mumbai.

Resignation Details

The bank disclosed the resignation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the resignation are outlined below:

Management Continuity

The Corporate & Institutional Group (CIG) Division operates within the business portfolio overseen by the Executive Director. The bank has emphasized that sufficient leadership and oversight are available internally, positioning the organization well to ensure continuity in management of the CIG role requirements.

Executive's Tenure and Contribution

In his resignation letter, Ramarajan expressed gratitude for his association with the bank, describing it as "a privilege and an honor" to have been part of the institution's growth over nearly seven years. He specifically mentioned feeling proud to have been part of the bank's "Phoenixical Growth" and acknowledged the support received from the Board, senior management, and colleagues.

The executive committed to making the transition as smooth as possible and expressed wishes for the bank's continued success and growth. His resignation was formally accepted by the competent authority on April 13, 2026.

Regulatory Compliance

The bank has fulfilled all regulatory disclosure requirements, including submissions to both the National Stock Exchange of India Ltd and BSE Limited. The disclosure includes the resignation letter and required annexures as per SEBI Master Circular guidelines dated January 30, 2026.

Karur Vysya Bank has announced the opening of a special window for the transfer and dematerialization of physical securities, providing shareholders with an opportunity to complete previously rejected transfer requests. The bank disclosed this development through newspaper publications on April 10, 2026, in compliance with SEBI regulations.

Special Window Details

The special window facility is available from February 05, 2026 to February 04, 2027, specifically designed for transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019. This initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Eligibility Criteria

The facility covers transfer deeds executed prior to April 01, 2019 that meet specific eligibility requirements. The bank has outlined clear criteria for determining which cases qualify for the special window.

Exclusions and Restrictions

Several categories of cases will not be considered under this special window:

• Disputes between transferor and transferee requiring court or NCLT resolution
• Shares already transferred to Investor Education and Protection Fund (IEPF)
• Re-lodgement or fresh lodgement requests where original share certificates are unavailable

Shares processed under this window will be issued exclusively in demat mode after verification of original share certificates. During the lock-in period, these shares cannot be transferred, lien-marked, or pledged.

Publication and Compliance

The bank published the notice in multiple newspapers to ensure wide reach among shareholders:

Submission Process

Eligible investors can submit their transfer requests along with requisite documents to M/s. MUFG Intime India Private Limited at their Coimbatore office. The bank has also encouraged shareholders holding physical shares to update their KYC details and convert to demat form for improved market liquidity and easier dividend processing through electronic mode.