Outcome of Board Meeting

Utkarsh Small Finance Bank's board has approved raising up to ₹500 crore through the issuance of unsecured, subordinated, redeemable Tier II bonds via private placement. This initiative aims to strengthen the bank's additional Tier II Capital, supporting its growth and regulatory requirements. Additionally, the bank announced its 10th Annual General Meeting (AGM) will be held on August 4, 2026. The board also approved the appointment of Mr. Sarjukumar Pravin Simaria, the current CFO, as a Whole Time Director for three years, effective June 22, 2026, subject to shareholder approval and prior RBI sanction. These decisions indicate a focus on capital adequacy and strengthening executive leadership with an experienced finance professional.