Intimation attached.

October 24, 2026 BSE Limited National Stock Exchange of India Limited Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500247, 974396, 974682, NSE Symbol: KOTAKBANK, KMB29, KMB30 974924, 975387 India International Exchange (IFSC) Limited NSE IFSC Limited Gandhinagar – 382050 Gandhinagar – 382050 India INX Scrip Code: 500082 NSE IX Symbol: KMBL 5.478 Dear Sirs, Sub.: Appointment / Re-appointment of Directors Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of the Bank have, at their meeting held today, i.e., on October 24, 2026, inter alia: 1. appointed Mr. Anup Kumar Saha (DIN: 07640220), currently a Whole-time Director (Executive Director) as the Managing Director & CEO of the Bank, for a period of three years, with effect from January 1, 2027, subject to the approval of the members of the Bank. (The said appointment was earlier approved by the Reserve Bank of India vide its letter dated September 30, 2026, as intimated by the Bank to the stock exchanges on October 1, 2026); and 2. approved the re-appointment of Ms. Ashu Suyash (DIN: 00494515) as an Independent Director of the Bank for a second consecutive term of three consecutive years, with effect from January 24, 2027 to January 23, 2030 (both days inclusive), subject to the approval of the members of the Bank. The relevant details in relation to the above appointment / re-appointment, are enclosed herewith as Annexure. As required by the circular nos. LIST/COMP/14/2018-19 and NSE/CML/2018/24, both dated June 20, 2018, issued by BSE Limited and National Stock Exchange of India Limited, respectively, we confirm that Mr. Saha and Ms. Suyash are not debarred from holding / continuing to hold the office of a Director, pursuant to any order of SEBI or any other such authority. The Board Meeting today commenced at 10:30 a.m. IST and concluded at 3:25 p.m. IST. This intimation is also being made available on the Bank’s website https://www.kotak.bank.in/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the SEBI Listing Regulations. This is for your information and appropriate dissemination. Thanking you. Yours faithfully, Kotak Mahindra Bank Limited Avan Doomasia President & Company Secretary Encl.: as above Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Corporate e-mail: KotakBank.Secretarial@kotak.com Annexure Sr. Details that need to be Mr. Anup Kumar Saha Ms. Ashu Suyash No. provided 1. Reason for change viz. Appointment as the Managing Re-appointment as an Independent Director appointment, re- Director & CEO of the Bank, for a of the Bank for a second consecutive term of appointment, resignation, period of three years, with effect three consecutive years, with effect from removal, death or otherwise from January 1, 2027, subject to the January 24, 2027 to January 23, 2030 (both 2. Date of appointment/re approval of the members of the days inclusive), subject to the approval of the appointment/ cessation (as Bank. members of the Bank. applicable) & term of appointment/re appointment (The said appointment was earlier approved by the Reserve Bank of India vide its letter dated September 30, 2026, as intimated by the Bank to the stock exchanges on October 1, 2026) 3. Brief profile (in case of Mr. Anup Kumar Saha, currently Ms. Ashu Suyash is a successful leader, with appointment) Whole-time Director (Executive over three decades of experience across Director) of the Bank, has over 32 banking, investment management and the years of professional experience, of global information services sectors. As the which, 25 years has been in financial Founder & CEO of Colossa Ventures LLP services across banking and non– ("Colossa Ventures"), she leverages her banking financial institutions. Mr. extensive expertise to foster innovative Saha joined the Bank in January startups, drive growth and sponsor diversity 2026. In his role as Whole-time within the venture capital ecosystem. Her Director (Executive Director) of the strategic vision and business acumen have Bank since March 2026, he oversees been honed through a distinguished career of the entire Retail Bank, Government leading Indian and multinational Business, Data Analytics and enterprises, setting up and scaling new Marketing function. Prior to joining businesses and driving transformation and the Bank, Mr. Saha was associated change. with Bajaj Finance Limited ("BFL") (from October 2017 to January Prior to founding Colossa Ventures, Ms. 2026) where he progressively held Suyash was the Managing Director & CEO of senior roles, starting as President– CRISIL Limited ("CRISIL") and a member of Consumer Finance (from October the Global Operating Committee of S&P 2017 to March 2019), then as Deputy Global Inc. She played a pivotal role in CEO–Consumer, MSME, Marketing, enabling CRISIL consolidate its ratings Operations & Service and Digital leadership position in India, grow globally platform (from April 2019 to March and transform to become a leading Global 2022), as Executive Director (April analytics company. 2023–March 2024), Deputy Managing Director (April 2024– Ms. Suyash’s previous roles were as CEO of March 2025) and finally, as the L&T Investment Management Limited and Managing Director & CEO (from as the Country Head and Managing April 2025 until his resignation in Director of Fidelity’s Indian Mutual Fund July 2025). In his Executive Business, a business she helped set up and Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Corporate e-mail: KotakBank.Secretarial@kotak.com This is a Confidential document. Sr. Details that need to be Mr. Anup Kumar Saha Ms. Ashu Suyash No. provided Directorship roles at BFL, Mr. Saha grow. She started her career with Citibank was responsible for the entire India, where she held several key positions standalone business of BFL. Prior to across their corporate and investment BFL, Mr. Saha spent 14 years at banking group. ICICI Bank Limited (ICICI Bank) (May 2003–June 2017), where he Beyond her executive roles, served in senior roles, leading Retail Ms. Suyash’s influence extends to corporate Secured Assets, Business governance, education and societal Intelligence, Retail and Rural progress. She is on the Advisory Board of Collections, Credit Cards and Retail Aseema Charitable Trust and CII’s Structured Finance. He also served Corporate Governance Council. as a Nominee Director of ICICI Bank on the boards of TransUnion CIBIL Ms. Suyash, over the years, has been Limited and ICICI Home Finance recognised as one of the top 50 women in Limited. Earlier in his career, business in India and Asia and has received Mr. Saha worked with GE Capital awards for her contributions to the (1999–2003) looking after credit Financial Services Industry. cards, sales and analytics and Bharat Heavy Electricals Limited (1991– She is a Chartered Accountant from the 1995) in production engineering, Institute of Chartered Accountants of India following a brief stint in consumer and holds a Bachelor’s Degree in Commerce durable sales. from the University of Mumbai. Mr. Saha has a B. Tech degree in Engineering from IIT Kharagpur and has also completed his MBA from IIM Lucknow. 4. Disclosure of relationships Not related to any Director of the Not related to any Director of the Bank. between directors (in case of Bank. appointment of a director) Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Corporate e-mail: Kot [Showing first 8,000 characters — download PDF for full document]