Summary of the Proceedings of the Forty-First Annual General Meeting of Kotak Mahindra Bank Limited

August 1, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 974396, 974682, NSE KOTAKBANK, KMB29, KMB30 Code: 974924, 975387 Symbol: Dear Sirs, Sub: Summary of the Proceedings of the Forty-First Annual General Meeting of Kotak Mahindra Bank Limited This is to inform you that the Forty-First Annual General Meeting (“AGM”) of Kotak Mahindra Bank Limited (“Bank”) was held today, on Saturday, August 1, 2026, at 10:00 a.m. (IST), through Video Conferencing. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, we enclose herewith the summary of proceedings of the AGM. The same is also being made available on the Bank’s website at https://www.kotak.bank.in/en/investor- relations/governance/sebi-listing-disclosures.html This is for your information and appropriate dissemination. Thanking you, Yours faithfully, Kotak Mahindra Bank Limited Avan Doomasia Company Secretary Encl.: as above Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Summary of the Proceedings of the Forty-First Annual General Meeting of Kotak Mahindra Bank Limited The Forty-First Annual General Meeting (“AGM” / “Meeting”) of Kotak Mahindra Bank Limited (“Bank”) was held today, on Saturday, August 1, 2026, at 10:00 a.m. (IST), through Video Conferencing (“VC”), in compliance with the provisions of the applicable law. Mr. C S Rajan, Non-Executive Independent Part-time Chairman, chaired the Meeting. The Meeting was attended by 118 members as per the attendance records for the Meeting. The requisite quorum being present, the Chairman called the Meeting to order and welcomed the members to the AGM. The following Directors attended the Meeting: 1. Mr. C S Rajan 2. Mr. Uday Shankar 3. Ms. Ashu Suyash 4. Mr. Eli Leenaars 5. Ms. Ketaki Bhagwati 6. Mr. Ramesh Iyer 7. Mr. Amit Desai 8. Mr. Uday Kotak 9. Mr. Ashok Vaswani 10. Mr. Jaideep Hansraj 11. Mr. Paritosh Kashyap 12. Mr. Anup Kumar Saha Apart from the Directors, Mr. Devang Gheewalla, Group Chief Financial Officer and Ms. Avan Doomasia, Company Secretary and the representatives of M/s. Deloitte Haskins & Sells, Chartered Accountants and M M NISSIM & CO LLP, Chartered Accountants (“Joint Statutory Auditors”) and M/s. Parikh & Associates, Practising Company Secretary, the Secretarial Auditor of the Bank were also present at the Meeting. Mr. Alwyn D’Souza, the Scrutinizer appointed to scrutinize the e-voting process in a fair and transparent manner, also attended the Meeting. Ms. Avan Doomasia informed the members that the Register of Directors and Key Managerial Personnel and their shareholdings maintained under Section 170 and the Register of contracts or arrangements in which Directors are interested maintained under Section 189 of the Companies Act, 2013, the certificate from Secretarial Auditor of the Bank certifying that the Bank's Stock Option Schemes, Stock Appreciation Rights Schemes and Performance Linked Restricted Stock Unit Scheme have been implemented, to the extent applicable, in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and the resolution(s) passed in this connection, and the other documents as mentioned in the Notice convening the Meeting, were made available for inspection during the AGM. As the AGM was held through Video Conferencing, the facility for appointment of proxies by members was not applicable and hence, the Proxy Register was not available for inspection. Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. The Chairman informed the members that the Auditors’ Report on the financial statements for the year ended March 31, 2026 issued by the Joint Statutory Auditors for the Financial Year 2025-26 and the Secretarial Audit Report issued by the Secretarial Auditor of the Bank for Financial Year 2025-26, did not contain any qualifications, observations, adverse comments or remarks. With the consent of the members present, the Notice of the AGM and the aforesaid Reports of the Auditors were taken as read. The Chairman then addressed the shareholders and spoke, inter alia, about Kotak's 40-Year Journey and Milestones, Macroeconomic Environment, Transformation Strategy and Value Creation, Financial Performance during Financial Year 2025-26, Sustainability and Community Initiatives, Awards and Accolades and India's Growth Opportunity and Future Outlook. Thereafter, Mr. Vaswani gave a perspective on key updates and the Bank’s strategic objective of ‘Transforming for Scale’. After the brief to the members by Mr. Vaswani, Ms. Avan Doomasia, on behalf of the Chairman, briefed the members on the resolutions set out in the Notice of the AGM, as follows: Resolution Resolution Description Resolution at Type Item No. 1. Receiving, considering and adopting the Standalone Audited Financial Ordinary Statements of the Bank for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon 2. Receiving, considering and adopting the Consolidated Audited Financial Ordinary Statements of the Bank for the financial year ended March 31, 2026 together with the Report of the Auditors thereon 3. Declaration of dividend on Equity Shares for FY 2025-26 Ordinary 4. Re-appointment of Mr. Amit Desai, who retires by rotation and, being Ordinary eligible, has offered himself for re-appointment 5. Re-appointment of Mr. Jaideep Hansraj, who retires by rotation and, Ordinary being eligible, has offered himself for re-appointment 6. Fixing of remuneration of Joint Statutory Auditors in respect of Ordinary FY 2026-27 7. Payment of Fixed Remuneration to Non-Executive Directors (excluding Special the Non-Executive Independent Part-time Chairperson) The Chairman then invited queries and comments from the members on the items of business of the Meeting. Ms. Avan Doomasia facilitated the members’ interaction with the Board of Directors. Some of the members attending the Meeting, commented / enquired on various matters. After a short break, the comments/queries of the members were duly replied to by the Managing Director & CEO. Ms. Avan Doomasia then informed the members about the e-voting arrangements in respect of the resolutions proposed to be passed at the AGM. Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. E-voting: The remote e-voting period had commenced at 9:00 a.m. (IST) on Tuesday, July 28, 2026 and ended at 5:00 p.m. (IST) on Friday, July 31, 2026. The Chairman announced that the members who had not cast their vote through remote e-voting and who were participating in the Meeting, could vote using e-voting facility provided by NSDL at the AGM. The Chairman informed the members that the result of the e-voting would be declared and submitted to the stock exchanges simultaneously, on or before Tuesday, August 4, 2026. The same, along with the Scrutinizer’s Report, would be placed on the Bank’s website https://www.kotak.bank.in /en/investor- relations/governance/sebi-listing-disclosures.html and the website of NSDL at www.evoting.nsdl.com The Chairman then thanked all the members and the Directors of the Bank for their participation in the Meeting. The Chairman announced that all the business set out in the Notice of the Meeting had concluded. In the end, Mr. Ashok Vaswani of [Showing first 8,000 characters — download PDF for full document]