Karnataka Bank announced the results of the e-voting held for its 102nd Annual General Meeting (AGM), conducted on September 22, 2026. The disclosure includes the outcomes of various ordinary and special resolutions, detailing shareholder assent and dissent percentages. All resolutions were passed with the requisite majority, covering matters such as the adoption of financial statements, dividend declaration, appointment of directors, and auditor appointments.
Karnataka Bank Announces 102nd AGM E-voting Outcomes
Karnataka Bank has officially disclosed the e-voting results for its 102nd Annual General Meeting (AGM), which took place on September 22, 2026. The meeting was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM), with shareholders casting their votes electronically.
Key Resolutions Passed
The e-voting summary indicates that all resolutions put forth for shareholder approval were passed with a significant majority. These included several Ordinary Resolutions:
- Resolution 1: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026, along with the reports of the Auditors and Directors. This resolution saw 99.89% and 99.60% of votes in favour, respectively.
- Resolution 2: To declare a final dividend on equity shares for the Financial Year ended March 31, 2026. This was approved with 99.60% of votes in favour.
- Resolution 3: To appoint a director in place of Mr. B R Ashok. This resolution received 78.26% of votes in favour.
- Resolution 4: To appoint M/s. Batliboi & Purohit as Joint Statutory Auditor. This was passed with 99.89% of votes in favour.
- Resolution 5 (Special Business): To approve the appointment of Mrs. Biji Sreekrishnavilas. This special business resolution garnered 99.02% of votes in favour.
Additionally, two Special Resolutions were also passed:
- Resolution 6: To approve the appointment of Dr. M Aruna Shyam as a Non-Executive, Independent Director. Approved with 99.87% of votes in favour.
- Resolution 7: To approve the appointment of Mr. Parthasarathi Periaswamy as a Non-Executive, Independent Director. Approved with 99.86% of votes in favour.
The detailed report from the Scrutinizer confirms that all resolutions met the requisite majority as specified under the Companies Act, 2013. The e-voting period for remote voting was open from September 18, 2026, 9:00 AM to September 21, 2026, 5:00 PM.
Financial Disclosures
The results highlight strong shareholder confidence in the bank’s financial statements and leadership appointments. The bank has disclosed the number of votes cast in favour and against each resolution, along with the percentage of paid-up capital represented by these votes.
Source: BSE
