Intimation of Call Option Notice

October 15, 2026 Ref: NIVABUPA/EQ/2026-27/46 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 Symbol: NIVABUPA Scrip Code: 544286 Subject: Intimation of Call Option Notice Dear Sir/Madam, With reference to our submission dated October 09, 2026, regarding the exercise of call option, through redemption, at par, of 1,500 unsecured, subordinated, listed, rated, redeemable, non- convertible debentures aggregating to ₹ 1,50,00,00,000/- (Rupees One Hundred and Fifty Crore), allotted on November 15, 2021 (‘Debentures’) pursuant to the placement memorandum dated November 12, 2021 (’Placement Memorandum’), and pursuant to Regulation 30 of the SEBI (Listing and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Regulation 15(7) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘SEBI NCS Regulations’), and other applicable regulations, please be informed that the notice dated October 15, 2026 (‘Call Option Notice’), is being dispatched through electronic mode to Debenture Holders as per terms of issue of the Debentures. The details of the Debentures are set out below: Security Name 10.70% Niva Bupa Health Insurance 2031 ISIN Number INE995S08010 Deemed date of allotment November 15, 2021 Record Date November 02, 2026 (Pursuant to the terms of the Placement Memorandum, since the original record date of October 31, 2026 is falling on a date which is not a business day, the immediately succeeding business day is the record date) Call Option Date 05 years from the deemed date of allotment, i.e., November 15, 2026 Interest and Redemption November 13, 2026 (Pursuant to the terms of the Placement Payment Date Memorandum, since the redemption date of November 15, 2026 is falling on the date which is not a business day, the redemption Niva Bupa Health Insurance Company Limited IRDAI Registration No. 145 | CIN: L66000DL2008PLC182918 Registered Office: C-98, First Floor, Lajpat Nagar, Part 1, Delhi -110024, India. Corporate Office: 3rd Floor, Capital Cyber scape, Golf Course Extension Road, Sector-59, Gurugram-122101 (Haryana) Website: www.nivabupa.com | Email id: investor@nivabupa.com | Tel: +91-124-6354900 amount along with interest will be paid on the immediately preceding business day)* Note: The repayment of the principal amount of the Debentures in full along with interest accrued up to (but excluding) the Call Option Date of November 15, 2026, shall take place on November 13, 2026. A copy of the Call Option Notice is enclosed herewith as Annexure I and may also be accessed at https://www.nivabupa.com. Kindly take the above information on record. Thanking you, Yours sincerely, For Niva Bupa Health Insurance Company Limited Aparna Sharma Company Secretary & Compliance Officer Niva Bupa Health Insurance Company Limited IRDAI Registration No. 145 | CIN: L66000DL2008PLC182918 Registered Office: C-98, First Floor, Lajpat Nagar, Part 1, Delhi -110024, India. Corporate Office: 3rd Floor, Capital Cyber scape, Golf Course Extension Road, Sector-59, Gurugram-122101 (Haryana) Website: www.nivabupa.com | Email id: investor@nivabupa.com | Tel: +91-124-6354900 Annexure I CALL OPTION NOTICE October 15, 2026 1. The Debenture Holder(s); and 2. Axis Trustee Services Limited Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra – 400025 (“Debenture Trustee”) Security: 10.70% Niva Bupa Health Insurance 2031 (ISIN: INE995S08010) Subject: Notice under Regulation 15(6) of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (“ SEBI NCS Regulations”) for exercise of call option in respect of 10.70% unsecured, subordinated, listed, rated, redeemable, non-convertible debentures in the nature of subordinated debt issued on a private placement basis, in terms of the placement memorandum dated November 12, 2021 (“Placement Memorandum”) issued by Niva Bupa Health Insurance Company Limited (“Company”) read with the debenture trust deed executed by and between the Company and the Debenture Trustee dated November 16, 2021 (“Debenture Trust Deed”) for redemption of the full principal outstanding amount along with annual interest due thereon (“Call Option Notice”). Dear Debenture Holder(s) and Debenture Trustee, We wish to inform you that pursuant to the provisions of the Placement Memorandum and the Debenture Trust Deed with respect to the issuance of 1,500 (One Thousand Five Hundred) 10.70% unsecured, subordinated, listed, rated, redeemable, non-convertible debentures by way of private placement basis of face value of ₹ 10,00,000 each, at par, aggregating to ₹ 1,50,00,00,000/- (Rupees One Hundred and Fifty Crore) constituting the subordinated debt of the Company (“Debentures”) on November 15, 2021 (“Deemed Date of Allotment”), the Company has an option to exercise a “Call Option” at the end of five years from the Deemed Date of Allotment, being November 15, 2026, and annually thereafter on November 15, 2027, November 15, 2028, November 15, 2029 and November 15, 2030 (each a “Call Option”). Niva Bupa Health Insurance Company Limited IRDAI Registration No. 145 | CIN: L66000DL2008PLC182918 Registered Office: C-98, First Floor, Lajpat Nagar, Part 1, Delhi -110024, India. Corporate Office: 3rd Floor, Capital Cyber scape, Golf Course Extension Road, Sector-59, Gurugram-122101 (Haryana) Website: www.nivabupa.com | Email id: investor@nivabupa.com | Tel: +91-124-6354900 We wish to inform you that the Company, through this Call Option Notice is hereby exercising the Call Option and to fully redeem and call back the Debentures on November 15, 2026 (“Call Option Date”) and repay the principal amount of the Debentures in full along with interest accrued upto (but excluding) the Call Option Date. The Debentures shall be redeemed at par. Since the redemption date is falling on the date which is not a business day, the redemption amount along with interest will be paid on the immediately preceding business day, i.e. November 13, 2026. For ease of reference, summary of the details with respect to the Debentures and exercise of Call Option in relation thereof, is set out below: Security Name 10.70% Niva Bupa Health Insurance 2031 Type of Security Unsecured, subordinated, listed, rated, redeemable, non- convertible debentures in the nature of subordinated debt Nature of Security Unsecured and subordinated debt Number of Securities 1,500 Face Value ₹ 10,00,000/- (Rupees Ten Lakhs) Issue Size ₹ 1,50,00,00,000/- (Rupees One Hundred and Fifty Crore) ISIN INE995S08010 Issue Date / Deemed Date of November 15, 2021 Allotment Redemption Date November 15, 2031 Call Option Date At the end of 5 years (five years) from the Deemed Date of Allotment. Date of first Call Option is November 15, 2026 Interest and Redemption November 13, 2026 (Since the redemption date is falling on Payment Date the date which is not a business day, the redemption amount along with interest will be paid on the immediately preceding business day) Call Option Price ₹ 10,00,000 per Debenture (Rupees Ten Lakhs) Tenor 10 years from November 15, 2021, being the Deemed Date of Allotment, subject to exercise of any Call Option Coupon Rate 10.70% per annum Coupon Payment Annual Frequency Coupon Type Fixed Outstanding Principal Amount ₹ 1,50,00,00,000/- (Rupees One Hundred and Fifty Crore) for Redemption Niva Bupa Health Insurance Company Limited IRDAI Registration No. 145 | CIN: L66000DL2008PLC182918 Registered Office: C-98, First Floor, Lajpat Nagar, Part 1, Delhi -110024, India. Corporate Office: 3rd Floor, Capital Cyber scape, Golf Course Extension Road, Sector-59, Gurugram-122101 (Haryana) Website: www.nivabupa.com | Email id: investor@nivabupa.com | Tel: +91-124-6354900 1. In terms of the extant regulations of the Insurance Regulatory and Development Aut [Showing first 8,000 characters — download PDF for full document]