General Updates

June 30, 2026 National Stock Exchange of India Limited (Symbol: INDUSINDBK) BSE Limited (Scrip Code: 532187) Luxembourg Stock Exchange Madam / Dear Sir, Sub: Communication on Tax Deduction at Source (TDS) on dividend distribution Please refer to our disclosure dated April 24, 2026, whereby we had intimated that the Board of Directors of the Bank, at its meeting held on April 24, 2026, had recommended a Final Dividend of ₹1.50 per equity share of face value ₹10/- each for the financial year ended March 31, 2026, subject to the approval of the shareholders of the Bank at the ensuing Annual General Meeting Pursuant to the provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. In this regard, please find enclosed herewith an e-mail communication which was sent to all the shareholders of the Bank whose e-mail IDs are registered with the Bank/Registrar and Transfer Agents/Depositories explaining the applicability of tax deduction and process to be followed by the eligible shareholders to ensure appropriate deduction of tax on the dividend, if declared and payable during Financial Year 2026-27. This communication is also being made available on the website of the Bank at https://www.indusind.bank.in. Kindly take the above intimation on record. Thanking you, Yours faithfully, For IndusInd Bank Limited Anand Kumar Das Company Secretary Encl.: As above Solitaire Corporate Park Office: IndusInd Bank Limited, Building No.7, Ground floor, Solitaire Corporate Park, Andheri –Ghatkopar Link Road, Chakala Andheri (E), Mumbai – 400 093, India, Tel: (022) 66412442 Registered Office: 2401 Gen. Thimmayya Road, Pune 411001, India Contact us:(020) 2634 3201| Email us: reachus@indusind.com | Visit us: www.indusind.bank.in CIN: L65191PN1994PLC076333 IndusInd Bank Limited CIN: L65191PN1994PLC076333 Registered Office: 2401 Gen. Thimmayya Road (Cantonment), Pune - 411 001 Secretarial & Investor Services: 701, Solitaire Corporate Park, 167, Guru Hargovindji Marg, Andheri (East), Mumbai – 400 093. Tel: (022) 6641 2487 / 2359 E-mail: investor@indusind.com; Website: www.indusind.bank.in COMMUNICATION ON TAX DEDUCTION AT SOURCE (TDS) ON DIVIDEND DISTRIBUTION Date: June 29, 2026 Folio No./DP ID & Client ID: Name of the Shareholder: Dear Shareholder, We are pleased to inform you that the Board of Directors at their Meeting held on April 24, 2026 have recommended Final Dividend of Rs. 1.50 per equity share of the Bank of face value of Rs. 10/- each, for the financial year ended March 31, 2026, subject to the approval of the Shareholders of the IndusInd Bank Limited (‘Bank’ or ‘Company’) at its ensuing Annual General Meeting. The dividend, as recommended by the Board and if approved at the ensuing Annual General Meeting to be held in August 2026, will be paid in electronic form to the shareholders holding equity shares of the Bank as on the record date i.e. Friday, June 26, 2026. Shareholders are informed that the last date for uploading the Tax Exemptions forms is Monday, July 6, 2026. In terms of the provisions of the Income-tax Act, 2025, (“the Act”), dividend paid or distributed by a Company on or after April 1, 2020, is taxable in the hands of the shareholders. The Bank shall therefore be required to deduct tax at source at the time of payment of dividend. The deduction of tax at source will be based on the category of shareholders and subject to fulfilment of conditions as provided below: For Resident Shareholders 1. Tax will be deducted at source (“TDS”) under Section 393 of the Act @ 10% on the amount of dividend payable unless exempt under any of the provisions of the Act and a valid PAN is updated with the Depository Participant. However, in case of resident individual shareholders, TDS would not apply if the aggregate of total dividend distributed/paid to them by the Company during a financial year does not exceed Rs. 10,000/-. 2. Tax will not be deducted at source in cases where a shareholder provides Form 121 (erstwhile Form 15G) (applicable to an individual who is less than 60 years) / Form 121 (erstwhile Form 15H) (applicable to an individual who is 60 years and above), along with the copy of PAN Card, provided that the eligibility conditions are satisfied. Blank Form 121 can be downloaded from the link given at the end of this communication. Please note that all fields mentioned in the Form are mandatory and the Bank may reject the forms submitted, if they do not fulfil the requirement of the law. 3. NIL / lower tax shall be deducted on the dividend payable to following resident shareholders on submission of self-declaration (as per the format available at the links provided below) as listed below along with the self-attested copy of PAN card: i. Insurance companies: Declaration that the provisions of Section 393 of the Act are not applicable to them along with self-attested copy of registration certificate and PAN card. ii. Mutual Funds: Declaration by Mutual Fund shareholder eligible for exemption under the Act along with self-attested copy of registration documents and PAN card. iii. Alternative Investment Fund (AIF) established in India: Declaration that the shareholder is eligible for exemption under the Act and they are established as Category I or Category II AIF under the SEBI regulations, along with copy of self-attested registration documents and PAN card. iv. New Pension System Trust: Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card. v. Other shareholders (including those mentioned in Circular No. 18/2017 issued by CBDT)– Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card. vi. Shareholders who have provided a valid certificate issued under section 395 of the Act for lower / nil rate of deduction or an exemption certificate issued by the income tax authorities along with Declaration. Note: The certificate should be valid for the Tax year 2026-27 and should cover the dividend income from the Company. For non-resident shareholders (including Foreign Portfolio Investors) 1. Tax is required to be withheld in accordance with the provisions of Section 393 of the Act at applicable rates in force. As per the relevant provisions of the Act, the tax shall be withheld @ 20% (plus applicable surcharge and cess) on the amount of dividend payable. However, as per Section 159 of the Act, a non-resident shareholder has the option to be governed by the provisions of the Double Tax Avoidance Agreement (“DTAA”) between India and the country of tax residence of the shareholder, if they are more beneficial to the shareholder. For this purpose, i.e. to avail the Double Tax Avoidance Agreement (DTAA) benefits, the non-resident shareholder will have to provide the following: i. Self-attested copy of PAN card, if any, allotted by the Indian Income Tax Authorities; ii. Self-attested copy of Tax Residency Certificate (“TRC”) obtained from the tax authorities of the country of which the shareholder is resident for the financial year 2026 (covering the period from April 1, 2026 to March 31, 2027). iii. Electronically generated Form 41 from Income tax portal in case of non-resident as per the provisions of the Act read along with Rules. iv. Self- declaration (refer format attached) by the non-resident shareholder of meeting DTAA eligibility requirements and satisfying beneficial ownership requirements. v. In case of Foreign Portfolio Investors, self-attested copy of SEBI registration certificate. vi. In case of shareholder being tax resident of Singapore or any other country outside India, along with the above (as may be applicable), please furnish the letter issued by the competent authority or any other evidence demonstrating the non-applicability of Limitation of Relief under applicable DTAA with India. 2. Taxes will be deducted @ 10% under section 393 in case of shareholder being Alternative [Showing first 8,000 characters — download PDF for full document]