Karnataka Bank Announces 102nd AGM Details

Final Dividend: Rs 5.00 per equity share for FY 2026.
Record Date: September 15, 2026, for dividend and e-voting eligibility.

Reader Takeaway: Dividend payout and key board reshuffle mark the bank's upcoming 102nd AGM on September 22.

What just happened

Karnataka Bank has formally notified the exchange regarding its 102nd Annual General Meeting (AGM) to be conducted via Video Conferencing on September 22, 2026. The meeting will address the approval of a final dividend of Rs 5.00 per share for the financial year ending March 31, 2026. The bank has set September 15, 2026, as the record date.

Management and Board Appointments

The AGM agenda includes significant leadership changes. Mrs. Biji Sreekrishnavilas Sankaranarayanan is proposed as Executive Director for a three-year term, with an annual remuneration package of up to Rs 2.50 crore. Additionally, the bank will seek shareholder approval for the appointment of Dr. M Aruna Shyam and Mr. Parthasarathi Periaswamy as Non-Executive, Independent Directors for four-year terms.

Auditor Appointment

As part of its governance update, the bank proposes appointing M/s. Batliboi & Purohit as Joint Statutory Auditors for a three-year term, succeeding the outgoing firm M/s. Ravi Rajan & Co. LLP. The statutory auditor fee is set at Rs 1.60 crore per annum for FY 2026-27.

What to track next

Shareholders should note the remote e-voting window, which opens on September 18, 2026, and closes on September 21, 2026, at 5:00 PM IST. Eligible investors are advised to update their KYC and bank account details with the depository to ensure seamless receipt of the dividend, which is scheduled for payout on or after September 29, 2026.