The shareholders of Lakshmi Vilas Bank have voted against the appointment of seven directors to its board, including that of S. Sundar as the managing director. Besides, shareholders rejected the appointments of N. Saiprasad, K.R. Pradeep and Raghuraj Gujjar as non-executive and non-independent directors, and, those of B.K. Manjunath, Gorinka Jaganmohan Rao and Y.N. Lakshminarayana Murthy as non-executive and independent directors. These appointments were taken up for voting at the bank's annual general meeting (AGM) on 25 September.