Allotment of Non Convertible Debentures

September 25, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203 Dear Sir/Madam, Sub: Allotment of Non-Convertible Debentures on private placement basis Pursuant to Regulations 30 and 51 of Securities Exchange and Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) & other applicable provisions, if any, and the authority given by the Board of Directors, the Capital Structuring & Fund Raise Committee today has approved the allotment of 30,000 (Thirty Thousand) Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non - Convertible Debentures of face value of ₹ 1,00,000/ - (Rupees One lakh only) each , aggregating ₹ 3,00,00,00,000 (Rupees Three Hundred Crore) , at the coupon rate of 11.75 % (Eleven Percent) per annum payable quarterly, on private placement basis. Details as required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025 - CFD - POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A. The disclosure will also be available on the Bank’s website at www.utkarsh.bank.in. This is for your information and records. Yours faithfully, For Utkarsh Small Finance Bank Limited Muthiah Ganapathy Company Secretary & Compliance Officer Annexure A Disclosure of information pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025 - CFD - POD2/I/3762/2026 dated January 30, 2026 Type of securities proposed to be Rated, Listed, Unsecured, Subordinated, issued Redeemable, Lower Tier II bonds in the form of Non- Convertible Debentures (“NCDs”) Type of issuance Issuance of NCDs on a Private Placement basis to eligible investors Total number of securities Up to 30,000 NCDs having a face value of proposed to be issued or the total ₹1,00,000 (Rupees One Lakh only) each amount for which the securities will be issued Size of the issue ₹3,00,00,00,000 (Rupees Three Hundred Crore only) Whether proposed to be listed? If Yes yes, name of the stock exchange(s) The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. Tenure of the instrument - date of 7 (Seven) Years from the Date of Allotment allotment and date of maturity Coupon / interest offered, schedule Up to 11.75 % (Eleven-point seven five percent) of payment of coupon/interest and per annum payable quarterly Principal Charge / security, if any, created Not applicable, the NCDs are Unsecured. over the assets Special right / interest / privileges Not Applicable attached to the instrument and changes thereof Delay in payment of interest / None principal amount for a period of more than three months from the due date or default in payment of interest / principal Details of any letter or None comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and / or the assets along with its comments thereon, if any Details of redemption of Not Applicable preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures; Any cancellation or Not Applicable termination of proposal for issuance of securities including reasons thereof