Updates

YBL/CS/2026-27/101 September 30, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department Bandra - Kurla Complex, Bandra (E) P.J. Towers, Dalal Street Mumbai - 400 051 Mumbai – 400 001 NSE Symbol: YESBANK BSE Scrip Code: 532648 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Bank had received assessment order passed u/s 143(3) of the Income-tax Act, 1961 (‘the Act’) in December 2019 for assessment year (‘AY’) 2017-18 wherein certain additions/disallowances were made. The Bank was also subjected to reassessment proceedings and the reassessment order was passed u/s 147 read with 144B of the Act in March 2022, wherein certain additions/disallowances were made to the income determined in the assessment order. The said reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (‘JAO’) and the Centralized Processing Center (‘CPC’), passed the rectification orders rectifying the said mistake and recomputed the tax demand. In this regard, stock exchange disclosure was made vide intimation no. YBL/CS/2025-26/010 on April 16, 2025. The Bank had filed a rectification application against the aforesaid rectification order passed in April 2025 and received rectification order u/s 154 of the Act on December 31, 2025, for which necessary disclosure was made vide intimation no. YBL/CS/2025-26/165 on January 1, 2026. The Bank was in appeal against assessment order, reassessment order and rectification order before the first level appellate authority who passed the orders in October 2025 & November 2025. Pursuant to the orders passed by the first level appellate authority, the Bank received a consolidated OGE (i.e., order giving effect) from the JAO on September 30, 2026 determining refund of ~Rs. 363 Crores. The said refund includes interest income determined u/s 244A of the Act and tax benefit of a certain expense claimed in the income-tax return. The cumulative quantum of both these items (interest income and tax benefit) is in excess of the materiality threshold of ~Rs. 120 Crores as prescribed under the amended Listing Regulations. Accordingly, the above information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. The weblink of BSE Limited and National Stock Exchange of India Limited providing the above information is being hosted on the Bank’s website www.yes.bank.in pursuant to the Listing Regulations, as amended. We request you to take the above on record. Thanking you, Yours faithfully, For YES BANK LIMITED Sanjay Abhyankar Company Secretary Encl: As above Annexure A Details of Events that need to be Details / Information of such Sr. No. provided events(s) Name of court/ tribunal/agency Jurisdictional Assessing Officer (JAO), Mumbai Brief details of dispute / litigation The Bank had received assessment order passed u/s 143(3) of the Income-tax Act, 1961 (‘the Act’) in December 2019 for assessment year (‘AY’) 2017-18 wherein certain additions/disallowances were made. The Bank was also subjected to reassessment proceedings and the reassessment order was passed u/s 147 read with 144B of the Act in March 2022, wherein certain additions/disallowances were Brief details of litigation viz. name(s) of made to the income determined in the opposing party, court/ 1 the assessment order. The said tribunal/agency where litigation is filed, reassessment order considered the brief details of dispute/litigation income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (‘JAO’) and the Centralized Processing Center (‘CPC’), passed the rectification orders rectifying the said mistake and recomputed the tax demand. In this regard, stock exchange disclosure was made vide intimation no. YBL/CS/2025-26/010 on April 16, 2025. The Bank had filed a rectification application against the aforesaid rectification order passed in April 2025 and received rectification order u/s 154 of the Act on December 31, 2025, for which necessary disclosure was made vide intimation no. YBL/CS/2025- 26/165 on January 1, 2026. The Bank was in appeal against assessment order, reassessment order and rectification order before the first level appellate authority who passed the orders in October 2025 & November 2025. Pursuant to the orders passed by the first level appellate authority, the Bank received a consolidated OGE (i.e., order giving effect) from the JAO on September 30, 2026 determining refund of ~Rs. 363 Crores. The said refund includes interest income determined u/s 244A of the Act and tax benefit of a certain expense claimed in the income-tax return. The cumulative quantum of both these items (interest income and tax benefit) is in excess of the materiality threshold of ~Rs. 120 Crores as prescribed under the amended Listing Regulations. Expected financial implications, if any, 2 Not Applicable, as explained above due to compensation, penalty etc. Income-tax refund – ~Rs. 363 Crores (Rupees Three Hundred and Sixty- three Crores only) including interest 3 Quantum of claims and tax benefit of a certain expense claimed in income-tax return.