Karur Vysya Bank Limited — Others, 15-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Karur Vysya Bank has announced a board meeting focused on legal proceedings regarding an interim stay granted by the Hon’ble High Court of Madras related to a Goods and Services Tax Show Cause Notice for FY 2020-21. The court has extended the stay until further orders, with the next hearing scheduled for April 01, 2025. Management indicates this situation is not expected to materially affect the bank's financials. This development may reassure investors regarding potential legal risks, leading to a positive outlook, while maintaining a keen interest in the ongoing legal proceedings.