Karur Vysya Bank Limited — Others, 02-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Hon’ble High Court of Madras has extended the interim stay regarding a Show Cause Notice under the Goods and Services Tax Act for FY 2020-21, with the next hearing set for June 24, 2025. The bank anticipates no material financial implications from this matter. This development signifies ongoing legal proceedings but minimal impact on the bank's financial health, potentially reassuring to investors amid uncertainties. Overall, the situation appears stable, presenting a positive outlook for shareholders as the court's stay continues to shield the bank from immediate repercussions.