General Meeting

DECLARATION OF POLL RESULTS OF EGM ON 27TH SEPTEMBER 2025

Special Resolution No. 1, as set out in the Notice of the Extraordinary General Meeting (EGM) dated 03rd September 2025 was put to vote by way of poll at the EGM held on 27th September 2025.

The results of the voting are as follows:

Resolution No.	Type of Resolution	Particulars	Votes in Favour	Votes Against	Result
1	Special Resolution	Approval for preparation & execution of irrevocable and binding Memorandum of Agreement (MoA) and other related documents/agreements in connection with the proposed voluntary amalgamation of KBS Local Area Bank Limited with The Adarsh Co-operative Urban Bank Limited	30,31,952 (70.86%)	12,46,667 (29.14%)	Not Passed

After excluding the invalid votes (10,82,117), the total number of valid votes stood at 42,78,619.

Accordingly, the total votes cast (including invalid votes) aggregating to 53,60,736 shares.

 

By order of the Chairman

 

Sd/-
Subir Boity
Company Secretary & Chief Compliance Officer
KBS Local Area Bank Limited
Corporate Office - Madhapur
Hyderabad - 500 081
Telangana

Date: 01-10-2025