Karur Vysya Bank seeks shareholder approval for key appointments

Karur Vysya Bank (BSE:KARURVYSYA) has announced a postal ballot seeking shareholder approval for several key appointments. The bank is seeking approval for the appointment of Shri Sankar Balabhadrapatruni as a Whole-time Director, designated as Executive Director, for a three-year term, along with the approval for his remuneration, which includes a fixed pay of INR 11,000,000 and a variable pay up to 100% of the fixed amount. Furthermore, the bank is seeking re-appointment of Dr. Meena Hemchandra and Shri Murali Ramaswami as Non-Executive Independent Directors for second terms of five years each. Voting commences on April 18, 2025, and concludes on May 17, 2025, with results to be announced shortly thereafter.