General Updates

November 03, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203, 978213 Dear Sir/Madam, Sub: Regulation 52(7) and Regulation 52 (7A) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 (“SEBI Listing Regulations”) - Utilization of issue proceeds of non-convertible securities and Statement of deviation/ variation in use of Issue proceeds. Pursuant to Regulation 52(7) and Regulation 52 (7A) of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/ 162/2019 dated December 24, 2019, enclosed herewith the statement of deviation(s) or variation(s) of funds raised through Issue of Non- Convertible Debentures on private placement basis, by the Bank in the specified format, for the quarter ended September 30, 2026. Kindly note that there was no deviation(s)/variation(s) in the utilisation of funds raised as aforesaid. The said statement has been reviewed by the Audit Committee of the Bank at its meeting held on Tuesday, November 03, 2026. This disclosure is also available on the Bank’s website i.e. www.utkarsh.bank.in. This is for your information and records. Thanking you, Yours faithfully, For Utkarsh Small Finance Bank Limited Muthiah Ganapathy Company Secretary & Compliance Officer Encl:. As above Statement of Deviation / Variation in utilization of funds raised Name of listed entity Utkarsh Small Finance Bank Limited Mode of Fund Raising Issue of Non-Convertible Debentures on private placement basis Date of Raising Funds September 25, 2026 Amount Raised Rs. 300 crores Report filed for Quarter ended September 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if Not applicable applicable Is there a Deviation / Variation in No use of funds raised If yes, whether the same is Not Applicable pursuant to change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Not Applicable Approval Explanation for the Deviation / Not Applicable Variation Comments of the Audit NIL Committee after review Comments of the auditors, if any Not Applicable Objects for which funds have Not Applicable been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Amount of Remarks if any Object, Allocation allocation, Utilised Deviation/ if any (in crores) if any (in crores) Variation for the quarter according to applicable object Augmenting Not 300 Not 300 Not Applicable The proceeds lower Tier II Applicable Applicable of Issue have Capital for been utilized in strengthening line with the its capital objects of the adequacy and issue as for enhancing mentioned in its long-term the Key resources. Information Document. The proceeds of Issue shall be utilized for regular business activities of the Bank. Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. Signature Name of Muthiah Ganapathy Signatory Designation Company Secretary & Compliance Officer