Kotak Mahindra Bank has received an Environmental, Social and Governance (ESG) rating of 70 for FY 2024-25 from NSE Sustainability Ratings & Analytics Limited. The bank disclosed this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The rating assignment was conducted independently by NSE Sustainability Ratings & Analytics Limited based on publicly available information. The bank received official communication regarding this rating on April 24, 2026 at 5:24 p.m. (IST).

Regulatory Compliance

The bank has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the ESG rating assignment. As part of its transparency commitments, Kotak Mahindra Bank has also uploaded this intimation on its official website under the investor relations section.

The disclosure is available at the bank's dedicated SEBI listing disclosures webpage, ensuring stakeholders have access to this ESG-related information in compliance with regulatory requirements.

Kotak Mahindra Bank Limited has announced the successful completion of the postal ballot process for the appointment of Mr. Ramesh G. Iyer as Director and Independent Director of the Bank. The resolution was passed on April 24, 2026, following a remote e-voting process conducted in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The Bank dispatched the Postal Ballot Notice along with an explanatory statement to members on March 25, 2026. The remote e-voting facility was provided through National Securities Depository Limited (NSDL), with the voting period commencing on March 26, 2026, at 9:00 a.m. IST and concluding on April 24, 2026, at 5:00 p.m. IST. Mr. Alwyn D'Souza, Practising Company Secretary (Membership No. FCS 5559), was appointed as the Scrutinizer to ensure a fair and transparent voting process. Advertisements were published in Financial Express and Navshakti newspapers on March 26, 2026, informing members about the completion of dispatch of the Postal Ballot notice.

Voting Results

The resolution received overwhelming support from shareholders, with 99.73% of valid votes cast in favour. A total of 3,904 members voted in favour, representing 8,41,48,92,966 shares, while 166 members voted against, representing 2,26,46,419 shares. There were no invalid or abstained votes recorded.

Detailed Voting Breakdown

Shareholder Participation

The total number of shareholders on the record date of March 20, 2026, was 8,08,862. The overall voting participation stood at 84.83% of outstanding shares, with 8,43,75,39,385 shares being polled out of the total 9,94,64,57,005 shares. Promoters and Promoter Group voted 2,57,32,01,985 shares entirely in favour of the resolution, while public shareholders, including both institutional and non-institutional categories, also supported the appointment with substantial majorities in their respective categories.

Corporate Governance Compliance

The postal ballot process was conducted in compliance with Section 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and relevant SEBI regulations. The Scrutinizer's report confirms that the resolution has been passed with the requisite majority on April 24, 2026. The Scrutinizer's Report and E-voting Results have been made available on the Bank's website and on the NSDL e-voting portal for shareholder reference. The appointment of Mr. Ramesh G. Iyer as Independent Director is now effective following the successful passage of this special resolution.