Shareholders meeting

Classification | REGULATORS IRC:F48:123:263:2026 05th August 2026 The Manager, The Manager, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C-1, ‘G’ Block, Dalal Street, Bandra- Kurla Complex, Mumbai – 400001. Bandra (East), Mumbai – 400051. Scrip Code: KARURVYSYA Scrip Code: 590003 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Proceedings of the 107th Annual General Meeting of the Bank ****** We wish to inform you that the 107th Annual General Meeting (the “AGM”) of the members of the Bank was held today i.e., 05th August 2026, through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) facility provided by National Securities Depository Limited (‘NSDL’) as per the guidelines issued by Ministry of Corporate Affairs and in compliance with the applicable provisions of the Companies Act, 2013, rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to transact the business(es) set out in the Notice of AGM dated 07th July 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, we enclose herewith the summary of proceedings of the AGM. Kindly take the same on record. Yours faithfully, Srinivasarao Maddirala Company Secretary & Compliance Officer Encl: As Above Classification | REGULATORS Proceedings of the 107th Annual General Meeting of the Bank held on 05th August 2026, commenced at 11:00 A.M. through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) ****** In compliance with the provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Secretarial Standards issued by the Institute of Company Secretaries of India and the circulars issued by the Ministry of Corporate Affairs (MCA) and Securities Exchange Board of India, the 107th Annual General Meeting (AGM) of the Bank was held on 05th August 2026, at 11:00 A.M. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). On confirmation of the requisite quorum present in the meeting by the Company Secretary, Chairperson called the meeting to order and commenced the 107th Annual General Meeting of the Bank. Dr Meena Hemchandra, Non-Executive Independent (Part-Time) Chairperson of the Bank introduced the Directors, Key Managerial Personnel of the Bank, Statutory Auditors, Secretarial Auditors and the Scrutiniser. The following Directors & Key Managerial Personnel of the Bank were present in the meeting: Name of the Director Designation Chairman of Committee Independent (Part-time) Dr Meena Hemchandra - Chairperson Management Committee of the Board, Shri B Ramesh Babu MD & CEO CSR & ESG Committee and Review Committee for Wilful Defaulters and Large Defaulters Risk Management and Asset Dr Harshavardhan R Independent Director Liability Management Committee Nomination & Remuneration Committee Shri Murali Ramaswami Independent Director Special Committee of the Board for Monitoring and Follow-Up of Fraud Cases CA Dr Chinnasamy Independent Director Audit Committee of the Board Ganesan Customer Service and Stakeholder Shri R Vidhya Shankar Independent Director Relationship Committee NPA Management Committee Smt Srimathy Sridhar Independent Director Human Resources Committee Shri B Sankar Executive Director - IT Strategy & Digital Transaction Dr Mythili Vutukuru Independent Director Monitoring Committee Classification | REGULATORS Name of the KMP Designation Shri Chandrasekaran M S Chief Operating Officer Shri Ramshankar R Chief Financial Officer Shri Srinivasarao Maddirala Company Secretary Shri Ravikumar Sadhana Head - Corporate & Commercial Banking The representatives of Statutory Auditors, Secretarial Auditors and the Scrutiniser appointed for the purpose of remote e-voting held prior and e-voting during and after the AGM were also present for the meeting from their respective locations through VC/OAVM. Chairperson informed that Bank has taken all feasible efforts to enable the members to participate in the meeting through VC/ OAVM and also to vote at the AGM. Company Secretary made few announcements to shareholders with respect to participation through VC/OAVM, provision for e-Voting and also e-Voting at the AGM through NSDL Platform, Q&A session and other general announcements. Further, he made announcement with respect to dispatch of Notice & Annual Report through electronic mode to those members who had registered their email address(es). With respect to the shareholders whose email addresses are not registered, bank has dispatched a letter providing the QR code, web-link and the exact path, where Notice of this AGM and the Integrated Annual Report is available, to their latest available postal addresses. All the relevant documents pertaining to the agenda items, as mentioned in the Notice, requiring the approval of the members at the meeting and Statutory Registers, other documents were made available to the Members for electronic inspection on the NSDL e-Voting platform. Chairperson delivered her welcome address and briefly highlighted the Economic Landscape and Bank’s consistent performance. She highlighted the Strategic Priorities & Growth Initiatives taken during the year, Technology & Digital initiatives, Cybersecurity & Operational Resilience, Risk Management & Compliance, Leadership acknowledgements, ESG practices and Shareholder’s rewards. The Notice convening the 107th Annual General Meeting and the Annual Report were taken as read. Chairperson further informed that since the Auditors' Report on the Financial Statements for the financial year ended 31st March 2026 and Secretarial Audit Report do not have any qualifications, reservations, observations, adverse remarks or disclaimer, the Auditor's Report and the report of the Secretarial Auditor for the year ended 31st March 2026 were taken as read. Classification | REGULATORS Chairperson informed that for the benefit of Shareholders, Company Secretary would read the agenda items put for voting in the AGM. Accordingly, Company Secretary read out each agenda item. The following businesses set out in the Notice of 107th Annual General Meeting were proposed for consideration: Type of Item No. Particulars of the Resolution Resolution Ordinary Businesses: To receive, consider and adopt the Audited Financial Statements of the Bank for the Financial Year ended Ordinary 31st March 2026 and Reports of the Board of Resolution Directors and Auditors thereon To declare dividend of Rs. 2.60/- per equity share of Ordinary the Bank for the FY 2025-26 Resolution To re-appoint Shri B Sankar (DIN: 08846754) as a Ordinary 3 Director, who retires by rotation and being eligible, Resolution offers himself for re-appointment To re-appoint M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants, Mumbai (Firm Registration No. 104607W/W100166) together with M/s. Varma & Ordinary 4 Varma, Chartered Accountants, Kochi (Firm Resolution Registration No. 004532S) as Joint Statutory Central Auditors of the Bank and fix their remuneration for third year Special Business: To appoint Branch Auditors of the Bank and fix their Ordinary remuneration Resolution Thereafter Chairperson invited MD & CEO, to address the Members of the Bank. MD & CEO highlighted the Bank’s Performance in the FY 2025-26 on the backdrop of Global & Domestic Economic scenario. He briefed about the segment wise performance and value created to stakeholders, Banks’ cybersecurity preparedness, Human Resources initiatives, Risk & Compliance Culture, New initiatives taken during the FY 2025–26, Environmental, Social & Governance (ESG) practices, Governance Initiatives and Awards & Accolades received during the year. MD & CEO provided outlook on several strategic initiatives planned in FY 2026-27 aimed at enhancing customer experience, strengtheni [Showing first 8,000 characters — download PDF for full document]