Shri R Ramkumar has demitted office as Non-Executive Non-Independent Director at karur vysya bank effective June 24, 2026, following the completion of his eight-year tenure. The departure is mandated by Section 10A(2A)(i) of the Banking Regulation Act, 1949, which limits the tenure of Non-Executive Non-Independent Directors in banks. This regulatory requirement ensures periodic changes in the board composition of banking institutions.

The bank communicated the development to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that Ramkumar ceased to hold his position at the close of office hours on the specified date. The filing was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer of the bank.

The following table outlines the key details regarding the director's cessation:

The necessary disclosures as required under the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed with the regulatory filing. The bank has requested the exchanges to take the information on record.

Karur Vysya Bank has issued a corrigendum to its earlier intimation regarding the record date for the proposed dividend for FY 2025-26. The bank clarified that the previous notice inadvertently referenced the wrong financial year in its heading. The corrected notice confirms Friday, July 24, 2026, remains the record date for shareholders to qualify for the dividend, subject to shareholder approval.

The bank previously announced that the dividend, if approved, will be paid or dispatched on or after August 6, 2026. This timeline aligns with the bank's 107th Annual General Meeting (AGM), scheduled for Wednesday, August 5, 2026, at 11:00 A.M. IST via video conferencing. The meeting adheres to guidelines from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Key Meeting and Dividend Details

The following table summarizes the critical dates for the dividend distribution and the annual general meeting:

Equity Share Allotment

In a separate resolution, the bank's board approved the allotment of equity shares under the KVB ESOS 2018 Scheme. A total of 22,570 equity shares with a face value of ₹ 2 each were allotted to senior management personnel. These shares form part of the non-cash component of variable pay for the performance periods FY 2022-23 and FY 2024-25.

The board meeting, where these decisions were made, was held on June 23, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.