ESOP/ESOS/ESPS

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: Grant of Employee Stock Options under ESFB Employee Stock Option Scheme, 2019 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular bearing reference HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we would like to inform that the Nomination & Remuneration Committee of the Bank at its meeting held today i.e., June 24, 2026 has approved grant of 3,00,000 (Three lakhs only) Stock options to an eligible employee at an exercise price of Rs. 77.08/- (Rupees Seventy seven and eight paise only) per share. The grant shall be governed by the terms and conditions of ESFB Employees Stock Option Scheme, 2019. The Scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The shares arising out of these grants would rank pari-passu with existing equity shares in all aspects including dividend. In this regard, the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular bearing reference HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith. The meeting of the Committee commenced at 10.05 A.M. and concluded at 10.25 A.M. We request you to take the above on record. Thanking you, Yours faithfully, For Equitas Small Finance Bank Limited N Ramanathan Company Secretary Encl: a/a Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular bearing reference HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 a. Brief details of options granted 3,00,000 Stock options granted to an eligible employee of the Bank. Each Stock option upon exercise would be entitled for allotment of one equity share of ₹ 10 each of the Bank b. Whether the scheme is in terms Yes of SEBI (SBEB & SE) Regulations, 2021 (if applicable) c. Total number of shares covered 3,00,000 equity shares of the Bank of ₹ 10 each by these options d. Pricing formula The said Stock options have been granted at the market price as defined in SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 e. Options vested Subject to terms specified in ESFB ESOS – 2019, the Stock options granted above would vest in the following manner: Vesting period: The ESOPs shall vest over a period of four years from the date of grant i.e., 24th June 2026, with 25% vesting in each year, subject to vesting conditions as detailed below: Vesting Vesting Date Performance No. of Vesting Tranche Period Options criteria 1st 50% based on Year 1 (Jun’27) FY 25-26 75,000 Vesting continuity of 2nd service and Year 2 (Jun’28) FY 26-27 75,000 Vesting remaining 3rd 50% based on Year 3 (Jun’29) FY 27-28 75,000 Vesting performance assessment by NRC/ Board 4th for the Year 4 (Jun’30) FY 28-29 75,000 Vesting concerned performance period f. Time within which option may Within three years from the date of vesting be exercised g. Options exercised Not Applicable h. Money realized by exercise of Not Applicable options i. The total number of shares Not Applicable arising as a result of exercise of option j. Options lapsed Not Applicable k. Variation of terms of options Not Applicable l. Brief details of significant terms Not Applicable m. Subsequent changes or Not Applicable cancellation or exercise of such options n. Diluted earnings per share Not Applicable pursuant to issue of equity shares on exercise of options For Equitas Small Finance Bank Limited N Ramanathan Company Secretary