Outcome of Board meeting

Registered Office : 1 Floor, Khivraj Complex 1 No. 480, Anna Salai, Nandanam, Chennai 600 035 Phone : 4531 3000, 4531 3099 Email : registered@indbankonline.com (A Subsidiary of Indian Bank) GIN No. L651~"b"'f~s~§72bSB12~3 October 9, 2026 Bombay Stock Exchange Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Dalal Street, Mumbai 400 001 Complex,Bandra (East), Mumbai 400 051 Scrip Code: 511473 Scrip Code: INDBANK Dear Sir/Madam, Sub: Outcome of Board Meeting We wish to inform you that the Board of Directors of the Company, at its meeting held on today,9h October 2026, has considered and approved the unaudited financial results of the Company for the quarter ended 30th September 2026, along with the 'Limited Review Report' issued by the Statutory Auditors. A copy of the said financial results and 'Limited Review Report' are enclosed for your information and records. Further, the Board also took note of the re-appointment of M/s. Anand & Ponnappan, Chartered Accountants, Chennai, as the Statutory Auditors of the Company for the financial year 2026-27. The appointment has been made by the Comptroller and Auditor General of India, in accordance with the provisions of Section 139 of the Companies Act, 2013. Details as required under the provisions of SEBI (LODR) Regulations, 2015 is as given below: 1 Reason for change Re-appointment of M/s Anand & Ponnappan as Statutory Auditor of the Company 2 Term of Appointment Appointment is for FY 2026-27 3 Brief profile M/s Anand & Ponnappan has a wide experience in Statutory Audit, Internal Audits, Management Consultancy Transfer pricing and international taxation for several prestigious Undertakings compnsmg Multi-National Companies, Government Undertakings & Indian Companies. The firm is having experience in conducting the Concurrent and Income & Expenditure audit of several Nationalized banks for many years. Also the firm have done a number of Stock Audits as assigned by several Nationalized Banks. The firm possess vast, widespread and in-depth experience in Direct Tax Consultation including transfer pricing and international taxation as applicable to Body Corporate, Banks, Cooperative Societies, Section 8 Companies, Philanthropic and other Charitable Institutions, Trusts, Firms, Hindu Undivided Families and Individuals. 4 Disclosure of relationship NIL with Directors Kindly take the above informatipjj, on your records. The Meeting Commenced at ......... ~ ....... P.M and concluded at ... ::t. .. '.1? ~ ::l::~t B:~::1sc:s Limited Company Secretary and·~6mpliance··~fficer En c 1 ose d : As a b ove r '\_ , ·~ '1, ' ·.-. I, ...-.- .; 1I ·., . '-.;,,"', I 'L INDBANK MERCHANT BANKING SERVICES LIMITED (A Subsidiary of Indian Bank) Regd. 0flice: First Floor, Khivrnj Complex 1, No. 480, Anna Salai, Nendanam, Chennai 600035 Phone No. 24313094-97 CJN No: L65191TN1989PLC017883 Email: investors@indbankonline.com Website: www.indbankonline.com PARTI Statement ofUn·Audited Financial Results for the Half year ended 30.09.2026 I Three months Preceding three Corresponding Year to date for Year to date for Previous ended months ended three months the current year the Prev year Accounting Year ended in the ended ended ended SI. No. Particulars previous year 30-09-2026 30-06-2026 J0-0Y-2U:l~ JU-UY-W:lo JU-09-2025 31-03-2026 Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited Rs.Lakhs (I) Revenue from operations (A) Interest Income 169.69 158.29 175.47 327.98 346.1 I 684.30 (B) Dividend Income 2.00 0.17 1.36 2.17 1.36 1.38 (C) Rental Income 4.12 3.91 3.75 8.03 8.13 16.73 (D) Fees and commission Income 471.89 493.23 449.87 965.12 912.65 1,818.89 (E) Net gain on fair value changes (11.97) 34.75 (2.68) 22.78 28.31 (10.03) (I) Total Revenue from Operations (A+B+C+D+E) 635.73 690.35 627.77 1,326.08 1,296.56 2,511.27 (II) Other Income 0.61 0.13 0.74 0.74 I.1 3 4.02 Reversal of Provisions 3.73 0.27 3.73 0.27 0.00 (III) Total Income (1+11) 640.07 690.48 628.78 1,330.55 1,297.96 2,515.29 (IV) Expenses Finance Costs 2.53 1.03 8.67 3.56 16.16 18.73 Fees and commission expense 35.33 29.72 33.21 65.05 68.63 132.54 Impairment on financial instruments 1.74 6.90 1.56 8.64 4.25 5.43 Provisions and Write Offs 0.20 0.20 0.20 Employee Benefits Expenses 250.79 239.97 227.49 490.76 464.24 928.45 Depreciation, amortization and impairment 6.99 6.55 5.71 13.54 11.37 23.96 Others expenses 120.30 97.94 100.42 218.24 203.26 440.60 (IV) Total Expenses 417.68 382.11 377.26 799.79 768.11 1,549.91 (V) Profit I (loss) before exceptional items and tax (III-IV) 222.39 308.37 251.52 530.76 529.85 965.38 (VI) Exceptional items - - (VII) Profit/(loss) before tax (V -VI) 222.39 308.37 251.52 530.76 529.85 965.38 (VIII) Tax Expense: (I) Current Tax 66.59 75.87 70.31 142.46 138.26 256.97 Current Tax - Previous years (2) Deferred Tax (5.69) (5.03) (4.35) (10.72) (7.86) 6.68 (IX) Profit I (loss) for the period from continuing operations(VII-VIII) 161.49 237.53 185.56 399.02 399.45 701.73 (X) Profit/(loss) for the period from discontinued operations(Afler tax) 10.75 (XI) Profit/(loss) for the period 161.49 237.53 185.56 399.02 399.45 712.48 (XII) Other Comprehensive Income Items that will not be reclassified to profit or loss (a) Remeasurements of the defined benefit plans-Net of tax impact (0.89) (0.89) (4.51) (1.78) (9.02) (3.56) Items that may be reclassified to profit/loss Change in fair value of equity instruments 9.42 9.42 (XIII) Total Other Comprehensive Income 8.53 (0.89) (4.51) 7.64 (9.02) (3.56) (XIV) Total Comprehensice Income for the period 170.02 236.64 181.05 406.66 390.43 708.92 (XV) Paid up equity share capital 4,437.82 4,437.82 4,437.82 4,437.82 4,437.82 4,437.82 (XV!) Earnings per ecuitv share - Basic and Diluted 0.36 0.54 0.42 0.90 0.90 1.61 Notes I. The Quoted shares held by the company are valued at Fair value as at 30.09.2026 as required by Ind AS 109. 2. In addition to Profit after tax as per SI.No.XI of Part I as disclosed above, the Company has realised profits oI n sale of equity investments classified as Bought Out Deal investments credited to Retained Earnings in the Balance Sheet as under: Rs.Lakhs · !IQ uarter ended Half Yeur ended 30.09.2026 30.09.2026 Prolil Afier Tax us disclosed in SJ.No.XI of Pnrt I 161.49 399.021 Remeasurcmcnls of' the defined benefit plans-Ncl of lax impact (0.89) (1.78) Realised profit on sale of investments credit to Retained Eamings(Net of Taxes)! 9.42 9.42 Total Profit after Tax , 170.02 406.66 3. The previous year's figures have been regrouped and reclassified, wherever necessary, to conform to the current year's classification. 4. Under IND-AS it has been identified that the company operates only at one segment and hence there is no separate-reportable segments as per Indian Accounting Standard 108 (Ind AS) on "Operating Segment'. 5. The above financial results have been reviewed by the Audit Committee of Board and approved by the Board of Directors at their meeting held on 09.10.2026. The statutory auditors have issued an unmodified audit opinion on the financial results. Statement of Assets & Liabilties as on 30.09.2026 SI.No. Particulars As on 30.09.26 A,, on 31.03.26 Rs.Lakhs Rs.Lakhs I ASSETS (I} Ftnnuetal Assets a) Cash and cash equivalents 72.03 141.06 b) Bank Balance other than (a) above 9, 165.54 8,530.54 Derivative Financial Instruments c) Receivables (I) Trade Receivables 756.13 638.26 (II) Other Receivables d) Loans 32.80 36.25 e) Investments 320.91 301.96 Im Other Financial assets 592.04 872.69 10,939.45 10,520.76 2) Non-finnncinl Assets Inventories a) Current lax assets (Net) 1,112.63 1,110.77 b) Deferred lax Assets (Net) 167.83 157.12 c) Investment Property 238.20 242.04 Bilozical Plants other than.bearer plants d) Property, Plant and Equipment 58.59 53.46 el Caoital wcrk-in-eroaress Intangible Assets under development Goodwill (t) Other Intangible assets 7.17 9.43 fo) Other non-financial assets 281.07 220.35 1,865.49 1,793.17 Total Assets [Showing first 8,000 characters — download PDF for full document]