Credit Rating- New

September 08, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai – 400051 Mumbai – 400 001 Symbol : EQUITASBNK Scrip Code : 543243, 976218 & 976979 Dear Sir/Madam Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Assignment of Credit Rating Pursuant to Regulation 30 and other applicable clauses of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that CARE Ratings Limited vide its letter dated September 08, 2026 (received by the Bank on September 08, 2026 at 17:20 hours) has intimated the following rating actions: Instrument Amount Rating Status (in Crores ) Tier II Bonds 500 CARE AA-; Stable Assigned The letter from the rating agency are enclosed. This is for your information and record. Thanking you, Yours faithfully, For Equitas Small Finance Bank Limited N Ramanathan Company Secretary Encl: a/a 0^YC3MD BAMKIM Whenyoubank withus,youcontributetowardsabetter society. EquitasSmallFinanceBankUmited (PreviouslyknownasEquitasFinanceLimited) 4thFloor,PhaseII,SpencerPlaza,No.769,MountRoad,AnnaSalai,Chennai,TamilNadu,India-600002 T:+914442995000|F:+914442995050|corporate@equitas.in|www.equitas.bank.in|TollFree:18001031222 |CINNo:L65191TN1993PLC025280 RATINGS No. CARE/HO/RL/2026-27/2639 Shri P N Vasudevan MD & CEO Equitas Small Finance Bank Limited Phase II, 4th Floor, Spencer Plaza 769, Anna Salai, Chennai Tamil Nadu 600002 September 08, 2026 Confidential Dear Sir, Credit rating for proposed Tier-II bond issue 1. Please refer to your request for rating of proposed Tier-II bond issue aggregating to Rs.500 crore of your Bank. 2. The following ratings have been assigned by our Rating Committee: Amount Sr. No. Instrument Rating1 Rating Action (₹ crore) 1. Tier II Bonds 500.00 CARE AA-; Stable Assigned 3. Please arrange to get the rating revalidated, in case the proposed issue is not made within a period of six months from the date of our initial communication of rating to you (that is September 04, 2026). 4. In case there is any change in the size or terms of the proposed issue, please get the rating revalidated. 5. Please inform us the below-mentioned details of issue immediately, but not later than 7 days from the date of placing the instrument: Name and Issue Coupon contact Details Instrument Size Coupon Terms of Redemption ISIN Payment details of of top 10 type (Rs Rate Redemption date Dates Debenture investors Trustee 6. Kindly arrange to submit to us a copy of each of the documents pertaining to the NCD issue, including the offer document and the trust deed. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 3 7. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 8. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you. 9. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 10. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 11. Our ratings are not recommendations to buy, sell or hold any securities. 12. If you need any clarification, you are welcome to approach us in this regard. We are indeed, grateful to you for entrusting this assignment to CARE Ratings Ltd. Thanking you, Yours faithfully, i ftlAmp Tony Mathew Shreekiran Rao Assistant Director Director tony.mathew@careedge.in shreekiran.rao@careedge.in Encl.: As above CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 3 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CareEdge Ratings and the user. CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, TO THE EXTENT PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON- INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE. Most entities whose bank facilities/instruments are rated by CareEdge Ratings have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CareEdge Ratings or its subsidiaries/associates may also be involved with other commercial transactions with the entity. CareEdge Ratings does not act as a fiduciary by providing the rating. The ratings are intended for use only within the jurisdiction of India. The ratings of CareEdge Ratings do not factor in any rating-related trigger clauses as per the terms of the facilities/instruments, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its website. Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy © 2026, CARE Ratings Limited. All Righ [Showing first 8,000 characters — download PDF for full document]