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Indusind Bank Ltd · 532187

✦ AI SummaryMgmt Change

Indusind Bank Ltd has announced the appointment of three new directors, including two whole-time directors, at its 32nd Annual General Meeting.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Indusind Bank Ltd - 532187 - Announcement under Regulation 30 (LODR)-Change in Directorate

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August 27, 2026 National Stock Exchange of India Limited (Symbol: INDUSINDBK) BSE Limited (Scrip Code: 532187) Luxembourg Stock Exchange Madam / Dear Sir, Sub.: Appointment of Directors Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 In furtherance of our letters dated August 3, 2026 and August 4, 2026, we wish to inform that the Shareholders of IndusInd Bank Limited (“Bank”), at the 32nd Annual General Meeting (“AGM”) held on August 27, 2026, have approved the appointment of the following Directors: 1. Ms. Mini Ipe (DIN: 07791184) as the Non-Executive Independent Director of the Bank for a period of 4 (four) consecutive years, with effect from August 3, 2026 upto August 2, 2030 (both days inclusive). 2. Mr. Ganesh Sankaran (DIN: 07580955) as the Whole-time Director of the Bank, designated as ‘Executive Director (Whole-time Director)’ and Key Managerial Personnel of the Bank, for a period of 3 (three) consecutive years, with effect from August 4, 2026 upto August 3, 2029 (both days inclusive). 3. Mr. Jagdeep Mallareddy (DIN: 07492539) as the Whole-time Director of the Bank, designated as ‘Executive Director (Whole-time Director)’ and Key Managerial Personnel of the Bank, for a period of 3 (three) years, with effect from August 4, 2026 upto August 3, 2029 (both days inclusive). The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure I. Ms. Mini Ipe, Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy are not debarred from holding the office of a Director, by virtue of any order passed by SEBI or any other such authority. This information is also being hosted on the Bank’s website at www.indusind.bank.in. We request you to take the above information on record. Thanking you, Yours faithfully, For IndusInd Bank Limited Anand Kumar Das Company Secretary Encl.: as above Solitaire Corporate Park Office: IndusInd Bank Limited, Building No.7, Ground floor, Solitaire Corporate Park, Andheri –Ghatkopar Link Road, Chakala Andheri (E), Mumbai – 400 093, India, Tel: (022) 66412442 Registered Office: 2401 Gen. Thimmayya Road, Pune 411001, India Contact us:(020) 2634 3201| Email us: reachus@indusind.com | Visit us:www.indusind.bank.in CIN: L65191PN1994PLC076333 Page 1 of 3 Annexure I Disclosure of information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 SN Particulars Ms. Mini Ipe (DIN:07791184) Mr. Ganesh Sankaran (DIN:07580955) Mr. Jagdeep Mallareddy (DIN:07492539) 1. Reason for change viz. Appointment Appointment Appointment appointment, resignation, removal, death or otherwise 2. Date of August 3, 2026 August 4, 2026 August 4, 2026 appointment/cessation Terms of appointment For a period of 4 (four) consecutive years, with For a period of 3 (three) consecutive years, with For a period of 3 (three) consecutive years, with effect from August 3, 2026 upto August 2, 2030 effect from August 4, 2026 upto August 3, 2029 effect from August 4, 2026 upto August 3, 2029 (both days inclusive). (both days inclusive). (both days inclusive). 3. Brief Profile Ms. Mini Ipe, former Managing Director of Life Mr. Ganesh Sankaran is a seasoned banking Mr. Jagdeep Mallareddy has over three decades Insurance Corporation of India (LIC), brings leader with over three decades of experience of experience in the financial services sector, over 37 years of distinguished leadership across Wholesale, Retail Credit and SME. He with exposure across retail banking, lending, experience across the insurance, banking, and has held senior leadership positions at leading credit, operations, and risk management. financial services sectors. During her illustrious private sector Banks, playing a pivotal role in career with LIC, she held several key positions building businesses, driving largescale business Mr. Jagdeep Mallareddy holds a Master of across investment management, claims, finance transformations, and delivering consistent Business Administration from Andhra and accounts, personnel administration, pension performance. His career reflects depth in University and a Bachelor of Commerce and group schemes, policy servicing, and relationship management, credit and risk, (Honours) from Osmania University. regulatory compliance. She also served as Chief product expertise, and board-level exposure. Executive Officer of LICHFL Financial Prior to joining IndusInd Bank Limited, he was Services Limited, a subsidiary of LIC Housing Prior to joining IndusInd Bank, his major associated with Piramal Finance Limited as Finance Limited. banking career spans across Axis Bank, Federal Chief Executive Officer- Retail Lending. Bank and HDFC Bank. Earlier, he was associated with Axis Bank Ms. Ipe possesses significant exposure to the Limited, where he held senior leadership roles banking sector, having served for Mr. Ganesh Sankaran had also served on the including Head – Retail Lending. His previous approximately six years on the Boards of boards of Axis Capital, Equirus Capital, and experience also includes associations with Central Bank of India and Axis Bank Limited, Fedbank Financial Services. He also acted as ICICI Prudential Life Insurance Company Solitaire Corporate Park Office: IndusInd Bank Limited, Building No.7, Ground floor, Solitaire Corporate Park, Andheri –Ghatkopar Link Road, Chakala Andheri (E), Mumbai – 400 093, India, Tel: (022) 66412442 Registered Office: 2401 Gen. Thimmayya Road, Pune 411001, India Contact us:(020) 2634 3201| Email us: reachus@indusind.com | Visit us:www.indusind.bank.in CIN: L65191PN1994PLC076333 Page 2 of 3 SN Particulars Ms. Mini Ipe (DIN:07791184) Mr. Ganesh Sankaran (DIN:07580955) Mr. Jagdeep Mallareddy (DIN:07492539) where she contributed to governance, risk Executive Director & Board Member at Federal Limited, HDFC Bank Limited, Kotak Mahindra oversight, and strategic decision-making. Her Bank. Prime Limited, Cholamandalam Investment and extensive experience spans a broad spectrum of Finance Company Limited, and Bajaj Auto financial services and Board-level leadership Finance Limited. roles. She served as Zonal Manager (In-Charge) of LIC’s South Central Zone, Hyderabad, and holds the distinction of being the first woman appointed as Zonal Manager (In-Charge) in LIC. In recognition of her contributions to the financial sector, she was named among “India’s Top 100 Women in Finance” by the Association of International Wealth Management of India. Ms. Ipe currently serves on the Boards of PTC India Limited and PTC Financial Services Limited, further strengthening her credentials in the financial and corporate governance domain. She holds a Master’s degree in Commerce and has built a distinguished career marked by extensive experience in insurance, banking, financial services, investments, corporate governance, and regulatory compliance, acquired through executive and Board-level roles across leading financial institutions. 4. Disclosure of None None None relationship between Directors inter se Solitaire Corporate Park Office: IndusInd Bank Limited, Building No.7, Ground floor, Solitaire Corporate Park, Andheri –Ghatkopar Link Road, Chakala Andheri (E), Mumbai – 400 093, India, Tel: (022) 66412442 Registered Office: 2401 Gen. Thimmayya Road, Pune 411001, India Contact us:(020) 2634 3201| Email us: reachus@indusind.com | Visit us:www.indusind.bank.in CIN: L65191PN1994PLC076333 Page 3 of 3