Disclosure of material issue

DEPT : SECRETARIAL REF. No. : SEC/ST.EX.STT/ 47 /2026-27 DATE : July 08, 2026 National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, 5th Floor, Department of Corporate Services (Listing), Plot No.C/1, G Block, First Floor, New Trading Wing, Bandra-Kurla Complex, Bandra (E), Rotunda Building, P J Towers, Mumbai – 400 051. Dalal Street, Fort, Mumbai – 400 001. SCRIP CODE: SOUTHBANK SCRIP CODE: 532218 Dear Madam/Sir, Sub: RBI approval for appointment of Mr. Mahesh Muralidhar Pai as Managing Director & Further to our letter no. SEC/ST.EX.STT/ 29 /2026-27 dated May 22, 2026, we wish to inform you that Reserve Bank of India vide its letter no. CO.DOR.HGG.No.S2995/08-51-001/2026-2027 dated July 07, 2026, at 6.41 PM IST has conveyed their approval for the appointment of Mr. Mahesh Muralidhar Pai (DIN: 09164982) as Managing Director & CEO of the Bank for a period of three years with effect from October 1, 2026. Please note that an agenda for appointment of Mr. Mahesh Muralidhar Pai (DIN: 09164982) as the Managing Director & CEO of the Bank will be placed to the Board meeting scheduled to be held on 16th July, 2026 and the approval of the shareholders shall be obtained thereafter in this regard as per the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. Please take the above information and annexure to this letter pursuant to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on record. The aforesaid information is also being hosted on the website of the Bank www.southindianbank.bank.in. Yours faithfully, (JIMMY MATHEW) COMPANY SECRETARY Encl: as above The South Indian Bank Ltd., Regd. Office: Thrissur, Kerala Head Office: S.I.B. House, T.B. Road, P.B. No: 28, Thrissur - 680001, Kerala (Tel) 0487-2420 020, (Fax) 91 487-244 2021, e-mail: sibcorporate@sib.bank.in CIN: L65191KL 1929PLC001017, Toll Free (India) 1800-102-9408, 1800-425-1809 (BSNL) www.southindianbank.bank.in DEPT : SECRETARIAL Annexure Name of Director Mr. Mahesh Muralidhar Pai (DIN: 09164982) Reason for change viz. Appointment; RBI has conveyed their approval for the appointment of appointment, reappointment, Mr. Mahesh Muralidhar Pai (DIN: 09164982) as Managing Director & resignation, removal, death CEO of the Bank. or otherwise. Date of appointment/ re With effect from October 1, 2026 appointment/ cessation (as applicable) & Term of appointment/re- For a period of three years with effect from October 1, 2026, as appointment approved by the Reserve Bank of India. Brief profile Mr. Mahesh Muralidhar Pai (DIN: 09164982), aged 50 years is an (in case of appointment) accomplished banker with close to 3 decades of experience across governance, strategy, treasury, foreign exchange, retail, agriculture and MSME credit. Presently, he is serving as Chief General Manager at Canara Bank spearheading digital banking and innovation. He has handled multiple strategic initiatives of the Bank including setting up of gold loan vertical. He has also headed one of the largest zones of Canara Bank. Mr. Mahesh Muralidhar Pai’s professional experience includes a stint in overseas operations of Canara Bank at New York, USA. Amongst other positions, he has served as Director in Canara Bank Tanazania Ltd, and represented the Bank in Fixed Income Money Market and Derivatives Association of India (FIMMDA), Swift India Domestic Services Private Ltd and Secondary Loan Market Association. Presently, he is also a Director in Karnataka State Financial corporation and Canara Bank Securities Ltd. He is recognised for his strategic clarity, execution excellence, integrity, and strong industry relationships with banking and technology partners. He brings in board relevant experience in entire segments of universal banking. Disclosure of relationships Mr. Mahesh Muralidhar Pai (DIN: 09164982) is not related to any between directors Directors of The South Indian Bank Ltd. (in case of appointment of a director). We affirm that Mr. Mahesh Muralidhar Pai (DIN: 09164982) is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority. The South Indian Bank Ltd., Regd. Office: Thrissur, Kerala Head Office: S.I.B. House, T.B. Road, P.B. No: 28, Thrissur - 680001, Kerala (Tel) 0487-2420 020, (Fax) 91 487-244 2021, e-mail: sibcorporate@sib.bank.in CIN: L65191KL 1929PLC001017, Toll Free (India) 1800-102-9408, 1800-425-1809 (BSNL) www.southindianbank.bank.in