Karur Vysya Bank (KVB) has notified the superannuation of Shri Venkatesan R, the Deputy General Manager and Head - Operations, effective from March 29, 2025. This announcement is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is part of the Bank's ongoing commitment to meet regulatory requirements while maintaining transparency in leadership changes.

Superannuation of Shri Venkatesan R

Shri Venkatesan R, a respected member of the senior management team at Karur Vysya Bank, demitted office upon superannuation on March 29, 2025. As the Head of Operations, his leadership played a crucial role in overseeing the day-to-day operational activities of the Bank, ensuring smooth functioning across various departments, and driving strategic initiatives in line with the Bank’s growth objectives.

Succession Plans for Head - Operations

In line with the Bank’s commitment to ensuring continued leadership, Karur Vysya Bank has adequate leadership resources in place for the appointment of a successor for the position of Head - Operations. The Bank’s approach to leadership succession focuses on promoting from within, ensuring that the transition is smooth, and minimizing any potential disruption in operations.

SEBI Master Circular Compliance

As required by SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, Karur Vysya Bank has disclosed the following details regarding Shri Venkatesan R’s superannuation:

1. Reason for change: Superannuation

2. Date of cessation: March 29, 2025

3. Term of Appointment: Not applicable

4. Brief Profile: Not applicable

5. Disclosure of Relationship between Directors: Not applicable

This disclosure ensures compliance with SEBI’s regulations, reflecting the Bank’s commitment to corporate governance and transparency.

Conclusion

The superannuation of Shri Venkatesan R marks a significant leadership transition at Karur Vysya Bank. With a succession plan already in place, the Bank is poised to maintain its operational stability and continue its strategic initiatives without disruption. The disclosure also underscores the Bank’s adherence to SEBI regulations and its commitment to transparency in managing leadership changes.

By providing a seamless transition and ensuring that leadership resources are available internally, Karur Vysya Bank continues to demonstrate its focus on strengthening governance and operational effectiveness.

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