Mumbai : Karur Vysya Bank (KVB) has announced that its shareholders have approved a dividend of ₹2.60 per equity share for the financial year 2025–26 and re-appointed B Sankar as a Director at the Bank’s 107th Annual General Meeting (AGM) held on August 5, 2026.
The AGM was conducted through video conferencing (VC), with strong participation from both promoter and public shareholders. All the resolutions placed before the shareholders were passed with the requisite majority, reflecting continued confidence in the Bank’s governance and financial performance.
Dividend of ₹2.60 Per Equity Share Approved
One of the key highlights of the AGM was the approval of a final dividend of ₹2.60 per equity share for the financial year ended March 31, 2026.
The dividend resolution received overwhelming shareholder support, with nearly 100% of the votes cast in favour, demonstrating strong investor confidence in the Bank’s consistent financial growth and shareholder value creation.
The approved dividend will be distributed to eligible shareholders in accordance with the applicable record date and regulatory guidelines.
Shri B Sankar Re-appointed as Director
Shareholders also approved the re-appointment of B Sankar (DIN: 08846754) as a Director of the Bank.
As per the provisions of the Companies Act, 2013, Shri B Sankar was retiring by rotation and, being eligible, offered himself for re-appointment. The proposal received overwhelming support from both institutional and retail investors, reaffirming shareholder confidence in his leadership and contribution to the Bank’s Board.
Strong Shareholder Participation
The 107th AGM witnessed active participation from shareholders across various categories.
Participation Highlights
- Total Shareholders Attending via Video Conferencing:147
- 20 Promoter Group Shareholders
- 127 Public Shareholders
- Total Number of Shareholders (as on Cut-off Date – July 29, 2026): 2,87,210
The successful virtual meeting reflected the Bank’s continued emphasis on transparent corporate governance and shareholder engagement.
All Five Ordinary Resolutions Approved
In addition to the dividend declaration and director re-appointment, shareholders approved all other business items presented during the AGM.
Key Resolutions Passed
- Adoption of the Audited Financial Statements for the financial year ended March 31, 2026.
- Declaration of Dividend of ₹2.60 per equity share.
- Re-appointment of Shri B Sankar as Director, retiring by rotation.
- Re-appointment of Joint Statutory Central Auditors:
- M/s. Kalyaniwalla & Mistry LLP
- M/s. Varma & Varma
for the third consecutive year.
- Appointment of Branch Auditors and authorization for fixing their remuneration.
All five ordinary resolutions were approved with the requisite majority, highlighting broad shareholder support for the Bank’s strategic direction and governance practices.
Regulatory Compliance
Following the AGM, Karur Vysya Bank submitted the detailed voting results along with the Scrutinizer’s Report to the stock exchanges in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Bank has also made the voting results available on its official website as well as the NSDL e-voting platform, ensuring transparency and easy access for shareholders and investors.
Positive Signal for Investors
The successful conclusion of the 107th Annual General Meeting, coupled with the approval of a ₹2.60 per share dividend and the re-appointment of B Sankar as Director, reflects Karur Vysya Bank’s commitment to strong corporate governance, shareholder value creation, and sustainable financial performance.
The overwhelming support received for all resolutions underscores investor confidence in the Bank’s leadership, financial stability, and long-term growth strategy as it continues to strengthen its position in India’s banking sector.
