Change in Management

Classification | REGULATORS IRC:F48:83:195:2026 June 23, 2026 The Manager, The Manager, National Stock Exchange of India BSE Limited, Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C-1, ‘G’ Block, Mumbai – 400001. Bandra- Kurla Complex, Bandra (East), Mumbai – 400051. NSE Scrip Code: KARURVYSYA Scrip Code: 590003 Dear Sir/Madam, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Changes in Senior Management Personnel ***** Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board in its meeting held today (i.e. June 23, 2026), has inter-alia, considered and approved the following Senior Management Personnel, elevations and appointments: • Shri Ravinder Aggarwal is appointed as Head of Corporate and Institutional Group, in the rank of General Manager, effective from date of his taking charge. • Shri Ramshankar R, incumbent General Manager and Chief Financial Officer is elevated to the rank of Chief General Manager effective September 01, 2026, and appointed as Chief Operating Officer, Material Risk Taker and Key Managerial Personnel with effect from October 16, 2026, subsequent to the completion of tenure of the incumbent Chief Operating Officer Shri MS Chandrasekaran on October 15, 2026. In addition, Shri Ramshankar would continue to oversee the Finance and Control Department. Classification | REGULATORS • Shri Ramasamy G V, incumbent Senior Deputy General Manager and Head of Accounts and Taxation, is elevated to the rank of General Manager and appointed as Chief Financial Officer and Key Managerial Personnel, effective September 01, 2026, subsequent to the internal movement of Shri Ramshankar R, incumbent Chief Financial Officer to the Operations Department in preparation for his transition to the role of Chief Operating Officer. In his new role, he would be reporting to Shri Ramshankar R. • Shri Vippala Ramachandrareddy, Deputy General Manager and Head of Treasury is elevated to the rank of General Manager and Head of Treasury effective today and is classified as Senior Management Personnel (SMP) of the Bank. • Shri Ramu S, Senior Deputy General Manager and Head of Legal & Recoveries is classified as Senior Management Personnel (SMP) of the Bank effective today. The disclosures as required under SEBI Circular Disclosure as per SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure-I Board meeting commenced at 10.00 A.M. and concluded at 5.45 P.M. Kindly take the same on record. Yours faithfully, Srinivasarao Maddirala Company Secretary & Compliance Officer Classification | REGULATORS Annexure I Disclosure as per SEBI Circular HO/49/14/14(7)2025-CFD-OD2/I/3762/2026 dated January 30, 2026: Change in Role of Senior Management Personnel Sl. No Description Details Name Ravinder Aggarwal Reason for 1 Appointment change Appointment as Head - CIG in the rank of General Date of Manager for a period of three years from the date of Appointment & his taking charge. Term of The date of taking charge will be informed in due Appointment course. Shri. Ravinder Aggarwal is a career banker who served the Bank of Baroda in various roles from 1999 and superannuated from service on 30th April 2026, lastly serving as General Manager - Large Corporate 3 Brief Profile Banking (Underwriting). During his career, he has served in senior leadership roles in Large Corporate Banking, NBFCs, Asset Reconstruction Companies (ARCs), or Development Finance Institutions (DFIs). Disclosure of Relationship 4 Not Applicable between Directors Classification | REGULATORS Sl. No Description Details Name Ramshankar R Elevation and Succession to incumbent Chief 1 Reason for change Operating Officer whose tenure ends on October 15, 2026 Appointment as Chief Operating Officer of the Bank 2 Date of Appointment with effect from October 16, 2026 Term of Upto superannuation and as per the terms & Appointment conditions of the employment. Shri Ramshankar R is a qualified Chartered Accountant and a Diploma holder in Information Systems Audit and has been working at the Bank 3 Brief Profile since 2012 and has 29 years of overall experience. He is presently General Manager and Chief Financial Officer of the bank. He has held roles of Divisional Manager, CBU Head within the Bank. Disclosure of 4 Relationship Not Applicable between Directors Classification | REGULATORS Sl. No Description Details Name Ramasamy G V Reason for Elevation and Succession to incumbent Chief change Financial Officer who is transitioning into a new role Date of Appointment as Chief Financial Officer of the Bank Appointment with effect from September 01, 2026 Term of Upto superannuation and as per the terms & Appointment conditions of the employment. Shri Ramasamy G V is a qualified Chartered Accountant and Licentiate Company Secretary; he has served the Bank since 2007 and has 35 years of overall 3 Brief Profile experience. He is presently Senior Deputy General Manager and Head - Accounts & Taxation of the bank. He has previously held roles of Branch Head, Credit Processing Cell Head, Cluster Head within the Bank. Disclosure of Relationship 4 Not Applicable between Directors Classification | REGULATORS Sl. No Description Details Name Vippala Ramachandrareddy Grade Elevation and Inclusion as Senior Management 1 Reason for change Personnel of the Bank Head - Treasury is classified as Senior Management Date of 2 Personnel (SMP) of the Bank with effect from June 23, Appointment 2026. Term of Upto superannuation and as per the terms & Appointment conditions of the employment. Shri. Vippala Ramachandrareddy has served the Bank 3 Brief Profile since 2017 and has 33 years of overall experience. From 2022, he is serving as Head of Treasury. Disclosure of 4 Relationship Not Applicable between Directors Classification | REGULATORS Sl. No Description Details Name Ramu S Reason for Inclusion as Senior Management Personnel of the change Bank Head of Legal & Recoveries is classified as Senior Date of 2 Management Personnel (SMP) of the Bank with effect Appointment from June 23, 2026. Term of Upto superannuation and as per the terms & Appointment conditions of the employment. Shri. Ramu S is an Advocate with master’s degree in law having rich experience in Law and Banking has been 3 Brief Profile working at the Bank since 2018 and has 14 years of overall experience. He is presently leading the Legal and Recovery Department Disclosure of Relationship 4 Not Applicable between Directors