Kotak Mahindra Bank has announced a postal ballot to seek shareholder approval for the appointment of Mr. Ramesh G. Iyer as a Director and an Independent Director. The bank’s Board of Directors appointed Mr. Iyer as an Additional Director effective from 17th February 2026.
The postal ballot notice, dated 25th March 2026, outlines the proposal to appoint Mr. Iyer for a four-year term as an Independent Director, ending on 16th February 2030. The notice has been dispatched electronically to shareholders whose email addresses are registered with the bank or depositories as of 20th March 2026.
Kotak Mahindra Bank has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for the postal ballot. Shareholders can cast their votes from 26th March 2026, starting at 9:00 a.m. IST, until 24th April 2026, ending at 5:00 p.m. IST. Only those holding equity shares as of the cut-off date, 20th March 2026, are eligible to participate in the e-voting process.
The results of the postal ballot will be announced on or before 28th April 2026. The outcome, along with the scrutiniser’s report, will be available on the bank’s website and NSDL’s platform, and shared with stock exchanges where the bank’s shares are listed.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).