Outcome of Board Meeting

June 24, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai – 400051 Mumbai – 400 001 Symbol : EQUITASBNK Scrip Code : 543243,976218 &976979 Dear Sir Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board meeting held on June 24, 2026 In continuation to our intimation letter dated June 19, 2026 and pursuant to Regulation 30 (read with Part A of Schedule III) and other applicable clauses of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of (“the Board”) of Equitas Small Finance Bank Limited (“the Bank”) at its meeting held today, i.e., June 24, 2026 has inter-alia considered and approved the following: 1. Enabling resolution for raising Capital: The Board of Directors has, inter alia, approved the proposal to seek the approval of the Members of the Bank, through enabling resolutions at the ensuing Tenth Annual General Meeting (“AGM”), authorizing the Board to raise capital in the following manner: (a) Raising Capital through issuance of Non-Convertible Debt Securities: Raising Capital by way of issuance of Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures / Bonds / other debt securities on a private placement basis for an aggregate amount not exceeding Rs. 500 Crores (Rupees Five hundred crores only), in accordance with the applicable laws, subject to the approval of the Members of the Bank and other regulatory / statutory approvals, as may be required. (b) Raising Capital by way of a Qualified Institutions Placement: Raising Capital by way of issuance of such number of equity shares or any other eligible securities and / or other securities convertible into equity shares including warrants, or otherwise (collectively “Securities”) for an aggregate amount not exceeding Rs. 1,250 Crores (Rupees One Thousand Two Hundred and Fifty crores only) by way of Qualified Institutions Placement (“QIP”) and / or through any other permissible mode, in one or more tranches, in accordance with the applicable laws, subject to the approval of the Members of the Bank and other regulatory / statutory approvals, as may be required. The details of the Tenth Annual General Meeting proposed to be convened, inter-alia, to seek the approval of the Members for the aforesaid enabling resolutions are set out under Point No. 7 of this disclosure. 2. Re-appointment of Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive Officer of the Bank: Basis the approval accorded by the Reserve Bank of India vide its letter dated April 23, 2026, the Board of Directors of the Bank has approved the re-appointment of Mr. Vasudevan P N (DIN: 01550885) as the Managing Director & Chief Executive Officer of the Bank for a period of three (3) years with effect from July 23, 2026 up to July 22, 2029 (both days inclusive), upon the conclusion of his present term on July 22, 2026, liable to retire by rotation, subject to the approval of the Members of the Bank at the ensuing Annual General Meeting. The details of re-appointment as required under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure – I. 3. Re-appointment of Mrs. Geeta Dutta Goel (DIN: 02277155) as an Independent Director of the Bank: The Board of Directors of the Bank has approved the re-appointment of Mrs. Geeta Dutta Goel (DIN: 02277155) as an Independent Director of the Bank for a second term for a period of three (3) years with effect from December 27, 2026 until December 26, 2029 (both days inclusive), not liable to retire by rotation, subject to the approval of the Members of the Bank at the ensuing Annual General Meeting. The details of re-appointment as required under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure – II. In accordance with circular nos. LIST/COMP/14/2018-19 and NSE/CML/2018/02 both dated June 20, 2018, issued by BSE Limited and National Stock Exchange of India Limited, respectively, Mr. Vasudevan P N (DIN: 01550885) and Mrs. Geeta Dutta Goel (DIN: 02277155) are not debarred from holding the office of Director of the Bank, by virtue of any SEBI order or any other regulatory / statutory authority. 4. Change in Chief Financial Officer (CFO): Mr. N Sridharan, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), will retire from the services of the Bank upon superannuation with effect from the close of business hours on June 30, 2026. Based on the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee of the Board, the Board of Directors of the Bank has considered and approved the appointment of Mr. Mukund Shyamrao Barsagade as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Bank with effect from July 01, 2026. The details of appointment as required under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure – III. 5. Disclosure under Regulation 30 (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Key Managerial Personnel (KMP) for the purpose of determining the materiality of any event or information: Consequent to the change in Key Managerial Personnel as stated above, the Board of Directors has approved the changes in the authorized Key Managerial Personnel of the Bank for determining materiality of events or information and for disclosures to the Stock Exchanges, with effect from July 01, 2026. In terms of the Regulation 30 (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance with the Policy on Criteria for Determining Materiality of Events of the Bank, as approved by the Board, any two of the following Key Managerial Personnel are authorized to determine the materiality of any event or information and to disclose the same to the Stock Exchanges. S. Name Designation Contact details 1 Mr. P N Vasudevan MD & CEO corporate@equitas.in 2 Mr. Balaji Nuthalapadi Executive Director (Whole time Director) Phone: 044- 4299 5000 3 Mr. Mukund Shyamrao Barsagade Chief Financial Officer 4 Mr. N Ramanathan Company Secretary 6. Change in Senior Management Personnel - Appointment of Interim Chief Risk Officer: The term of appointment of Mr. Sibi P.M, Chief Risk Officer (CRO) of the Bank concludes at the close of business hours on June 30, 2026. Consequently, he shall cease to be classified as Senior Management Personnel (“SMP”) of the Bank with effect from July 01, 2026. Based on the recommendation of the Risk Management Committee and Nomination and Remuneration Committee, the Board of Directors of the Bank has considered and approved the appointment of Mr. Taraka Ramana Prathipati, currently, the Head of Credit Risk of the Bank, as the Interim Chief Risk Officer of the Bank for a period of six months, with effect from July 01, 2026. Further, Mr. Taraka Ramana Prathipati will be designated as a SMP of the Bank effective from the aforesaid date, pursuant to a change in his internal reporting structure in the Bank. The details of appointment as required under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is en [Showing first 8,000 characters — download PDF for full document]