KARNATAKA BANK LTD.

Karnataka Bank has announced the closure of its trading window for designated persons and their relatives from October 01, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ending September 30, 2026. This measure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. During this period, the PAN of these individuals will be marked for freezing in depositories to prevent any trading in the bank's securities. The exact date of the board meeting to approve the financial results will be communicated later.

Karnataka Bank employees and officers, affiliated with All-India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) respectively, under the United Forum of Bank Unions (UFBU), have issued a strike notice. The three-day strike is scheduled from September 28, 2026, to September 30, 2026. The primary demands include the implementation of a 5-day banking week and resolution of pending issues. The bank anticipates potential disruption to normal operations and is taking measures to mitigate the impact. The quantum of financial loss or operational impact is currently not quantifiable.

Karnataka Bank Limited held its 102nd Annual General Meeting (AGM) on September 22, 2026, virtually from Mangaluru. Presided over by Chairman Pradeep Kumar P, the meeting saw shareholders approve all seven resolutions. Key approvals included the re-appointment of a director, the appointment of an Executive Director and two Independent Directors, and the appointment of joint statutory auditors. Shareholders also approved a final dividend of ₹5.00 per equity share for FY 2025-26, along with the audited financial statements and director/auditor reports.

Karnataka Bank announced the results of the e-voting conducted during its 102nd Annual General Meeting (AGM) held on September 22, 2026. The scrutinizer's report confirmed the successful passing of all resolutions. Key resolutions approved by shareholders included the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, and the declaration of a final dividend for the same period. Shareholders also approved the re-appointment of Mr. B R Ashok and the appointments of Mrs. Biji Sreekrishnavilas Sankaranarayanan as Executive Director, Dr. M Aruna Shyam, and Mr. Parthasarathi Periaswamy as Non-Executive, Independent Directors. Additionally, the appointment of M/s. Batliboi & Purohit as Joint Statutory Auditor was approved. All resolutions received significant shareholder support, with most passing with over 99% votes in favour, indicating strong approval for the Bank's proposals.

Karnataka Bank's 102nd Annual General Meeting, held on September 22, 2026, approved several resolutions regarding its Board of Directors. Mr. Balebail Rajagopal Ashok was re-appointed as a Non-Executive, Non-Independent Director. Additionally, Mrs. Biji Sreekrishnavilas Sankaranarayanan was appointed as Executive Director, and Dr. M Aruna Shyam and Mr. Parthasarathi Periaswamy were appointed as Non-Executive Independent Directors. The bank confirmed that none of the appointed or re-appointed directors have been debarred by SEBI or any other authority.

Karnataka Bank's 102nd Annual General Meeting (AGM) approved the appointment of M/s. Batliboi & Purohit, Chartered Accountants, Mumbai, as joint Statutory Auditors for a period of three years, from the conclusion of the 102nd AGM until the 105th AGM. This appointment, approved by the Reserve Bank of India, is alongside the existing joint Statutory Auditors, M/s. R.G.N. Price & Co., Chennai, who will continue their tenure until the conclusion of the 103rd AGM. Both firms bring extensive experience in audit and assurance services, with M/s. Batliboi & Purohit having over 42 years of experience and M/s. R.G.N. Price & Co. having over 35 years, along with large teams of professionals.

Karnataka Bank Ltd. has announced the promotion of six officials from Assistant General Manager (AGM) to Deputy General Manager (DGM) cadre, effective September 19, 2026. These promotions mean the individuals are now part of the bank's Senior Management Personnel. The promoted officials include Mr. Akshayaraj Ramakrishna Rao, Mr. Adiga Praveen Chakrapani, Mr. Danish, Mr. Krishna Prasad K J, Mr. Jayaprakash Udupa H, and Mr. Vishwanath S R. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes brief profiles of each promoted individual.

Karnataka Bank Ltd has been notified of a one-day strike called by the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), under the United Forum of Bank Unions (UFBU), scheduled for September 11, 2026. The local employee and officer associations affiliated with these bodies have joined the call. The strike's demands include a 5-day banking week and resolution of pending issues. The bank anticipates potential disruption to normal operations and is taking steps to mitigate the impact, though the quantum of loss is currently unquantifiable.

Karnataka Bank Ltd has announced the elevation and promotion of three senior management personnel from Deputy General Manager to General Manager. The promotions are effective from September 03, 2026. The individuals promoted are Mr. Basavaraj Desalli, Mr. Raghavendra C L, and Mr. Gopalakrishna Samaga B. All three have extensive experience within the bank, having joined in various clerical roles and progressing through different cadres. Their profiles highlight their educational qualifications and professional certifications in banking and finance, with some also having specialized certifications in IT and Cyber Security.

Karnataka Bank Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, in compliance with SEBI regulations. The report details the bank's corporate identity, operations, and market reach. It confirms that 100% of the bank's turnover is derived from banking and financial services. The report also highlights the bank's commitment to inclusive banking, with features like braille keypads and voice guidance on ATMs, and ramp facilities at many locations. Karnataka Bank serves approximately 14 million customers across 22 states and 2 Union Territories, offering a comprehensive range of financial products and services, including support for Green Sustainability funds.