Outcome of Board Meeting

Classification | REGULATORS IRC: F48: 125: 270: 2026 20th August 2026 The Manager, The Manager, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C-1, ‘G’ Block, Dalal Street, Bandra- Kurla Complex, Mumbai – 400001 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 – Re-organisation of Departments and 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. 20th August 2026), has inter-alia, considered and approved the internal re-organisation of Departments, by forming a Centralized Credit Department, bifurcating Operations Department into Banking Operations and Infrastructure Management Group. Further, approved the following appointments of Senior Management Personnel in tune with the re-organisation of mentioned Departments: 1. Shri V S R A Kumar Ravutu, General Manager has been appointed as Chief Credit Officer to head the Centralized Credit Department with effect from 01.09.2026. Shri V S R A Kumar Ravutu in his previous assignment was heading Credit Monitoring and Recovery Department in the Bank. 2. Consequent to bifurcation of Operations Department into Banking Operations and Infrastructure Management Group, Shri Vijayakumar P V, General Manager - Head of Operations Department has been redesignated as Head of Infrastructure Management Group with effect from 01.09.2026. Classification | REGULATORS 3. Shri Thota Phani Kumar has been newly appointed in the rank of General Manager. Shri Thota Phani Kumar will be Heading Banking Operations with effect from 01.09.2026. In a career spanning over years, Shri Phani Kumar has managed Branch Banking, Trade Finance, Alternate Channels and Business Banking units, across Central Bank of India, Axis Bank, ICICI Bank, and lastly served as Chief Operating Officer of Samunnati Finance Pvt Ltd. 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 30th January 2026, is enclosed as Annexure-I Board meeting commenced at 10:00 A.M. and concluded at 3:00 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 30th January 2026: Description Details Name V S R A Kumar Ravutu Vijayakumar P V Thota Phani Kumar The existing Operations Reason for Formation of new department - Department is bifurcated into 1 New appointment change Centralized Credit Department. Infrastructure Management Group. Appointment as Head - Appointment as Chief Credit Appointment as Head - Date of Infrastructure Management Officer of the Bank with effect Banking Operations with Appointment & Group with effect from from 01.09.2026. effect from 01.09.2026. 2 01.09.2026. Term of Proposed up to his Proposed up to his Appointment Proposed up to his superannuation. superannuation. superannuation. Shri. V S R A Kumar Ravutu has Shri. Thota Phani Kumar is a been working at the Bank since Shri. Vijayakumar P V has been career banker who began his August 2017 and has over 34 working at the Bank since 1996 career at the Central Bank of years of experience in the and has over 30 years of India. Over his career, he held Banking industry. Over his experience. He is strong various roles across branch 3 Brief Profile career, he has held various roles background in Branch banking banking and trade finance at Axis Bank and SIDBI. In his and Back-office operations. operations at Axis Bank and previous assignment he was Since May 2025, he has been ICICI Bank, recently serving as heading Credit Monitoring and leading the Operations the Chief Operating Officer of Recovery Department in the Department. the NBFC Samunnati Finance Bank. Pvt. Ltd. Disclosure of 4 Relationship Not Applicable Not Applicable Not Applicable between Directors