Karur Vysya Bank seeks approval for new independent director

Karur Vysya Bank has announced a postal ballot to seek shareholder approval for the appointment of Dr. Mythili Vutukuru as a non-executive independent director for three years, from September 24, 2025, to September 23, 2028. This appointment aims to enhance the board's expertise in information technology, business management, payment and settlement systems, cyber security, and MSME, in line with regulatory guidelines.

The e-voting period for this resolution will commence on Friday, November 21, 2025, at 10:00 A.M. IST and conclude on Saturday, December 20, 2025, at 5:00 P.M. IST. Shareholders registered as of Monday, November 17, 2025, will be eligible to participate. Dr. Vutukuru, an associate professor at IIT Bombay, holds B.Tech, MS, and PhD degrees in computer science and electrical engineering and possesses 10,000 equity shares in the bank.

The bank will announce the postal ballot results, along with the scrutinizer's report, within two working days of the e-voting conclusion. The information regarding the postal ballot and e-voting procedures is available on the bank's website and the National Securities Depository Limited (NSDL) e-voting platform.