Intimation attached.

September 25, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip 500247, 974396, 974682, NSE KOTAKBANK, KMB29, KMB30 Code: 974924, 975387 Symbol: India International Exchange (IFSC) Limited NSE IFSC Limited 1st Floor, Unit No. 101, The Signature, Building no. Unit No.1201, Brigade International Financial 13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, Centre, 12th floor, Block-14, Road 1C, Zone -1, Gandhinagar, Gujarat – 382050 GIFT SEZ, Gandhinagar, Gujarat - 382050 India INX Scrip Code: 500082 NSE IX Symbol: KMBL 5.478 Dear Sirs, Sub: Intimation of Scheme of Amalgamation of Kotak Mahindra Investments Limited with Kotak Alternate Asset Managers Limited, both, wholly-owned subsidiaries of the Bank Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of Kotak Mahindra Investments Limited (“KMIL”) and Kotak Alternate Asset Managers Limited (“KAAML”), both, wholly-owned subsidiaries (directly and/or indirectly) of the Bank, at their respective Board Meetings held today, i.e. on September 25, 2026, have approved a Scheme of Amalgamation of KMIL with KAAML (“Scheme”), on a going concern basis, under the provisions of Sections 233 of the Companies Act, 2013 and the rules made thereunder. The Scheme is, however, subject to various statutory and regulatory approvals including sanction of the jurisdictional Regional Director, Central Government, the approvals of the respective shareholders and creditors of the companies involved in the Scheme and the approvals of BSE Limited (the designated stock exchange of KMIL) and the Reserve Bank of India. In this regard, please find enclosed herewith, the disclosure containing details as required under clause (1) of Para A of Part A of Schedule III of the SEBI Listing Regulations and the applicable SEBI Circular, as Annexure. This intimation is also being made available on the Bank’s website at https://www.kotak.bank.in/en/investor- relations/governance/sebi-listing-disclosures.html We request you to take the above on record and disseminate the same on your website. Thanking you, Yours faithfully, For Kotak Mahindra Bank Limited Avan Doomasia President and Company Secretary Kotak Mahindra Bank Ltd. This is a Confidential document. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Annexure Sr. Item for Disclosure Description 1 Name of the entity(ies) forming Kotak Mahindra Investments Limited (“KMIL” or “Transferor part of the amalgamation Company”) and Kotak Alternate Asset Managers Limited /merger, details in brief such as, (“KAAML” or “Transferee Company”), both, wholly-owned size, turnover etc. subsidiaries of the Bank. Details as on March 31, 2026/ for the year ended March 31, 2026 KMIL a) Net worth: Rs 4,156 crore; and b) Revenue from operations: Rs. 1,383 crore KAAML a) Net worth: Rs. 1,481 crore; and b) Revenue from operations: Rs. 837 crore 2 Whether the transaction would The Transferor Company and Transferee Company are wholly- fall within related party owned subsidiaries of the Bank and related parties to each other. The transactions? If yes, whether the transaction is at an arm’s length price based on valuation report same is done at “arm’s length” obtained from an independent registered valuer. It may be noted that since the transaction is between two wholly- owned subsidiaries of the Bank, it is exempt from the applicability of provisions of Regulations 23(2), (3) and (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, as per the Ministry of Corporate Affairs Circular No. 30/2014 dated July 17, 2014, it is clarified that transactions arising out of Compromises, Arrangements and Amalgamations under the Companies Act, 2013, do not attract the requirements of Section 188 of the Companies Act, 2013. 3 Area of business of the Effective April 1, 2026, pursuant to the Reserve Bank of India entity(ies) (Commercial Banks - Undertaking of Financial Services) Directions, 2025 (as updated and amended from time to time) (“RBI Directions”) and as part of group simplification and operational synergies, KMIL's business activities are being conducted departmentally within the Bank. Accordingly, KMIL ceased sanctioning new loans with effect from April 1, 2026, KMIL, on and from July 1, 2026, effected the assignment and transfer its entire bankable loan portfolio to KMBL. Currently, KMIL is only engaged in the acquisition / disposal of securities as part of its treasury investments/portfolio. KAAML is primarily engaged in the business of alternate asset management and investment advisory services. Kotak Mahindra Bank Ltd. This is a Confidential document. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Sr. Item for Disclosure Description 4 Rationale for amalgamation/ The merger would complete the post-regulatory business alignment merger initiated as per the Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) Directions, 2025 (RBI forms-of- business framework). It will achieve the objective of Group simplification, including elimination of duplicate corporate infrastructure and capital alignment at group level and strengthen KAAML’s sponsor capital capacity. 5 In case of cash consideration – KAAML shall issue and allot to the shareholders of KMIL, shares in amount or otherwise share proportion of 7 Equity Shares of Face Value Rs. 10/- (Rupees Ten) exchange ratio each in KAAML for every 6 Equity Shares of face value of Rs. 10/- (Rupees Ten) each held by them in KMIL pursuant to this Scheme of Amalgamation. 6 Brief details of change in Not applicable. shareholding pattern (if any) of listed entity The Scheme of Amalgamation is between two wholly-owned subsidiaries of the Bank. The Bank is not a party to the Scheme of Amalgamation. As a consequence of this amalgamation, there would be no change in the shareholding pattern of the Bank. Kotak Mahindra Bank Ltd. This is a Confidential document. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India.