Karur Vysya Bank Announces Postal Ballot Notice for Key Appointments
Karur Vysya Bank Ltd. announced on March 18, 2026, that it is seeking shareholder approval through a postal ballot for the re-appointment of key personnel. The announcement, made in compliance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows a Postal Ballot Notice dated March 4, 2026.The resolutions include the re-appointment of Shri B Ramesh Babu as Managing Director & Chief Executive Officer (CEO) for a third term of two years and the re-appointment of CA Dr Chinnasamy Ganesan as Non-Executive Independent Director for a second term of five years.
Key Details of Resolutions:
| Sl. No | Description | Resolution |
|---|---|---|
| 1 | To approve the Re-appointment of Shri B Ramesh Babu (DIN: 06900325) as Managing Director & Chief Executive Officer (CEO) of the Bank for the third term of two (2) years | Ordinary |
| 2 | To approve the Re-appointment of CA Dr Chinnasamy Ganesan (DIN: 07615862) as Non-Executive Independent Director of the Bank, for second term of five (5) years | Special |
Shri B Ramesh Babu’s Re-appointment:
Shri B Ramesh Babu was initially appointed as Managing Director & CEO in July 2020. He was re-appointed for a second term in July 2023. Under his leadership, the bank’s total business has increased from ₹1,07,591 crore to ₹2,11,647 crore, and net profit has grown from ₹235 crore to ₹1,785 crore. He is slated to receive a remuneration that comprises fixed and variable pay, and he is eligible for a 10% annual increment on the previous year's fixed pay.
CA Dr Chinnasamy Ganesan’s Re-appointment:
CA Dr Chinnasamy Ganesan was initially appointed as an Independent Director in April 2023. He serves as the Chairman of the Audit Committee and is a member of several other board committees.
Voting Process:
The Postal Ballot Notice was sent via email to members as of March 13, 2026. Remote e-voting will be available from March 19, 2026, to April 17, 2026. The results will be announced within two working days of the e-voting period's conclusion and will be available on the bank's website at www.kvb.bank.in and the National Securities Depository Limited (NSDL) e-voting website at www.evoting.nsdl.com.
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