Appointment

DEPT : SECRETARIAL REF. No.: SEC/ST.EX.STT/105/2026-27 DATE : September 30, 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 Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Change in Directorate of the Bank Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to our letter no. SEC/ST.EX.STT/ 47 /2026-27 dated July 08, 2026 and SEC/ST.EX.STT/91/2026-27 dated September 16, 2026, this is to inform that, Mr. Mahesh Muralidhar Pai (DIN: 09164982) will be taking charge as MD & CEO of the Bank for a period of three years with effect from October 1, 2026, as approved by RBI and shareholders of the Bank at the 98th AGM held on August 20, 2026. The brief profile of Mr. Mahesh Muralidhar Pai (DIN: 09164982) is attached as Annexure to this intimation. Further he shall also be appointed as Whole-time Key Managerial Personnel (KMP) of the Bank pursuant to section 2(51) and other applicable provisions of Companies Act, 2013, Material Risk Taker (MRT) of the Bank and Principal officer of the Bank. Further to our letter SEC/ST.EX.STT/178/2025-26 dated January 29,2026, we wish to further inform you that Mr. P R Seshadri (DIN: 07820690) demitted the office of the Managing Director & CEO of the Bank on September 30, 2026 (after closure of business hours) on completion of his tenure of appointment. Please take the above information and annexure to the letter pursuant to the requirements of Regulation 30 of SEBI (Listing obligations and disclosure requirements), 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 A. Retirement of Mr. P R Seshadri (DIN: 07820690) Sl. Particulars Details 1. N ame of Director Mr. P R Seshadri (DIN: 07820690) 2. R eason for change viz. appointment, Retirement - Mr. P R Seshadri (DIN: reappointment, resignation, removal, 07820690) has retired from the service of death or otherwise. the Bank on expiry of his tenure approved by the Reserve Bank of India. 3. D ate of appointment/ re appointment/ Effective date of Retirement: 30-09- 2026 cessation (as applicable) & (after closure of business hours) Term of appointment/re-appointment Not Applicable 4. B rief profile (in case of appointment) Not Applicable 5. D isclosure of relationships between Not Applicable directors (in case of appointment of a director). B. Appointment of Mr. Mahesh Muralidhar Pai (DIN: 09164982) Sl. Particulars Details 1. Name of Director Mr. Mahesh Muralidhar Pai (DIN: 09164982) 2. Reason for change viz. Appointment- Mr. Mahesh Muralidhar Pai (DIN: appointment, reappointment, 09164982) will take charge as Managing Director & resignation, removal, death CEO of the Bank. or otherwise. 3. 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, appointment 2026, as approved by the Reserve Bank of India. 4. Brief profile Mr. Mahesh Muralidhar Pai (DIN: 09164982), aged 50 (in case of appointment) years is an accomplished banker with close to 3 decades of experience across governance, strategy, treasury, foreign exchange, retail, agriculture and MSME credit. Before joining the Bank, he was serving as Chief General Manager at Canara Bank spearheading digital banking and innovation. He has 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 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 Tanzania 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. He was 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. He has joined The South Indian Bank Limited as “Officer on Special Duty (OSD)” for the interim period, from September 16, 2026 to September 30, 2026 and will be taking charge as Managing Director & CEO of the Bank with effect from October 1, 2026 as approved by Reserve Bank of India and shareholders of the Bank. 5. Disclosure of relationships Mr. Mahesh Muralidhar Pai (DIN: 09164982) is not between directors related to any 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 and he is not disqualified from holding the office of director pursuant to provisions of Section 164 of the Companies Act, 2013. 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