Equitas Small Finance Bank Limited has informed the Exchanges regarding the approval of the Board of Directors for the appointment of Interim CEO

November 03, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeeboy Towers Bandra Kurla Complex (BKC) Dalal Street Bandra (east) Mumbai – 400001 Mumbai – 400051 Symbol: EQUITASBNK Scrip Code No.: 543243, 976218, 976979 & 978223 Dear Sir/ Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Interim Chief Executive Officer (“Interim CEO”) of the Bank Pursuant to Regulation 30 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 Bank, at its meeting held today, i.e., November 03, 2026, inter-alia considered and approved the following: Appointment of Mr. Balaji Nuthalapadi (DIN: 08198456) as the Interim CEO of the Bank Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Mr. Balaji Nuthalapadi (DIN: 08198456) Whole-Time Director (Executive Director) of the Bank as the Interim CEO of the Bank which shall be subject to the approval from the Reserve Bank of India (RBI). The appointment of Mr. Balaji Nuthalapadi (DIN: 08198456) as the Interim CEO of the Bank, consequent to the resignation of Mr. P. N. Vasudevan (DIN: 01550885) as the MD & CEO, shall take effect from the date of RBI approval or such other date as may be stipulated by the RBI in this regard. The Board placed on record its deep appreciation and sincere thanks to Mr. P. N. Vasudevan for his invaluable contributions, exemplary leadership, and dedicated service to the Bank during his tenure as MD & CEO. Upon receipt of RBI approval for the appointment of the Interim CEO of the Bank and in consultation with Mr. P. N. Vasudevan, the Board will decide his relieving date. The Board has also initiated the process of identifying a successor to Mr. P. N. Vasudevan and will submit its recommendation to the RBI as per the applicable regulations. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master circular bearing reference No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure. This intimation is being submitted in furtherance of, and supersedes, the earlier disclosure filed by the Bank on October 29, 2026. The meeting of the Board commenced at 16.30 hours (IST) and concluded at 20:35 hours (IST). Kindly take the above information on record. Thanking you, Yours faithfully, For Equitas Small Finance Bank Limited N Ramanathan Company Secretary Encl: a/a Annexure Details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Appointment of Interim Chief Executive Officer (“Interim CEO”) of the Bank S. Particulars Details 1 Name of the Director & Key Managerial Mr. Balaji Nuthalapadi (DIN: 08198456) Personnel 2 Reason for change viz. appointment, re- Appointment as Interim CEO consequent to the appointment, resignation, removal, death or resignation of Mr. P. N. Vasudevan (DIN: 01550885) otherwise as the MD & CEO 3 Date of appointment/re-appointment/ cessation Date of appointment - Effective from the date of (as applicable) & term of appointment/ receipt of RBI approval or such other date as may be re-appointment stipulated by RBI in this regard. Term of appointment - Till assumption of office by the regular MD & CEO or such other date as may be approved by RBI. 4 Brief profile (in case of appointment) Mr. Balaji Nuthalapadi (DIN:08198456) has completed his post-graduation from the Indian Institute of Management (IIM) Ahmedabad (1996). Mr. Balaji Nuthalapadi started his career with Citi in 1997 in Chennai and has since worked in several assignments across markets in APAC and EMEA. He has over 28 years of continuous experience with CITI. Mr. Balaji Nuthalapadi took over as Head of South Asia Operations & Technology (O&T), effective May 2021 and in his latest assignment, from September 2024, was the Managing Director & Head, Centralized Controls Testing Execution, CITI. His experience encompasses the following areas viz., Global Capability Center leadership, Operations and Technology, P&L Leadership, Sales & Wealth Management, Banking Product, Re- engineering, Retail Asset Sales and Relationship Management. Mr. Balaji Nuthalapadi was also a Member of the Tamilnadu State Fintech Governing Council. He has been serving as the Whole-time Director (Executive Director) of the Bank since March 29, 2025. 5 Disclosure of relationship between Directors (in Nil case of appointment of a Director) For Equitas Small Finance Bank Limited N Ramanathan Company Secretary