karur vysya bank has confirmed that Ravikumar Sadhana took charge as Chief General Manager and Head of Corporate & Commercial Banking on July 23, 2026. The appointment, approved by the Board of Directors during its meeting on July 20, 2026, is for a fixed term of three years from the date he assumes office. Sadhana joins the bank’s Senior Management Personnel and Key Managerial Personnel, bringing extensive experience from his previous tenure at State Bank of India, where he served in various roles from 1994 until his superannuation on May 31, 2026. His last role at SBI was Chief General Manager, Operations - Corporate Banking.

The Board meeting, which commenced at 12.45 P.M. and concluded at 4.30 P.M., formalized the appointment previously intimated to the exchanges. The specific date of taking charge was initially expected to be informed later but has now been finalized as July 23, 2026. This leadership addition aims to strengthen the bank's corporate lending and commercial banking operations.

Key Details of Appointment

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required disclosures as per SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed as Annexure-I. The intimation was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer.

Karur Vysya Bank has scheduled its 107th Annual General Meeting (AGM) for August 5, 2026, at 11:00 A.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting will transact business including the adoption of audited financial statements for the financial year ended March 31, 2026. The Board of Directors has recommended a dividend of ₹2.60 per equity share of face value ₹2 each (130%) for FY 2025-26, subject to shareholder approval. The Bank published the AGM notice in newspapers, including Business Standard and Dinamalar, on July 14, 2026, to inform shareholders.

Key AGM Dates

The Bank announced the following schedule for the 107th AGM:

Dividend and Payment Details

The recommended dividend of ₹2.60 per share is subject to approval at the AGM. Pursuant to SEBI regulations, the Bank will discontinue the issuance of physical dividend warrants. All future dividend payments will be made only through electronic modes approved by the Reserve Bank of India. Shareholders must ensure their bank account details are correctly registered or updated with their Depository Participant or Registrar and Share Transfer Agent to receive dividends. The Bank also urged shareholders to update their email addresses and mobile numbers for timely communication.

TDS and KYC Compliance

Tax will be deducted at source (TDS) on dividend payments as per the Income Tax Act, 2025. Shareholders seeking exemption or lower deduction must submit relevant documents, such as Form 121 or Form 41, by July 24, 2026. Additionally, SEBI mandates that shareholders holding securities in physical form update their PAN, contact details, bank account details, and specimen signature. Dividends will be paid electronically only to shareholders who have updated these mandatory details in their physical folios.

E-Voting and Participation

National Depository Services Limited (NSDL) has been appointed to facilitate remote e-voting. Members holding shares as on the cut-off date of July 29, 2026, are eligible to vote. Shri R K Bapulal (FCS No. 5893) of M/s Bapulal Yasar & Associates has been appointed as the Scrutiniser. Members may register to speak at the AGM by sending requests to kvbagmspeakers@kvb.bank.in from July 29, 2026, to August 3, 2026.