IndusInd Bank Limited has announced significant changes in its senior management structure following the superannuation of two key personnel. The bank informed stock exchanges about the cessation of Mr. Sanjeev Anand and Mr. Vivek Bajpeyi from their senior management roles, effective March 31, 2026.

Management Transition Details

Both executives concluded their tenure with IndusInd Bank at the close of business hours on March 31, 2026, following their superannuation from the bank's services. The cessation represents a planned transition as both personnel reached their retirement age under the bank's service regulations.

Regulatory Compliance

The bank has fulfilled its disclosure obligations pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with Schedule III, Part A, Para A (7) and other applicable provisions of the regulations. IndusInd Bank also referenced SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its disclosure.

Communication and Documentation

The bank has notified multiple stock exchanges about these management changes:

• National Stock Exchange of India Limited
• BSE Limited
• Luxembourg Stock Exchange

The complete disclosure information has been made available on the bank's official website at www.indusind.bank.in , ensuring transparency for all stakeholders. Company Secretary Anand Kumar Das signed the official communication on March 31, 2026, confirming the management transitions.

Corporate Structure Impact

The superannuation of both senior management personnel represents a natural progression in the bank's organizational structure. As both departures were due to planned retirement rather than resignations or other circumstances, the transitions appear to be part of the bank's regular succession planning process. The bank has maintained full regulatory compliance throughout the transition process, ensuring all stakeholders remain informed of the management changes.

IndusInd Bank has witnessed a significant corporate action with its promoter entities releasing pledges on a substantial portion of the bank's equity shares. The transaction, completed on March 27, 2026, involved the release of pledges by two key promoter entities under SEBI disclosure regulations pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

SEBI Regulatory Disclosure Framework

The bank submitted comprehensive regulatory disclosures following the formal SEBI disclosure format under Regulation 29(2). The disclosure encompasses detailed encumbrance release documentation involving IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL), both confirmed promoter entities of the target company.

Promoter Pledge Release Details

IndusInd International Holdings Limited and IndusInd Limited released their pledges on equity shares as part of regulatory compliance. The transaction involved a complete release of encumbered shares without any change in the overall promoter shareholding pattern.

Transaction Impact and Structure

The pledge release represents a complete divestment of the promoters' encumbered positions while maintaining their total shareholding in the bank. The transaction was executed as a release of pledge without involving any acquisition or sale of voting rights.

Capital Structure and Shareholding

The regulatory filing confirms that the bank's total equity share capital remained unchanged at 77,91,06,092 shares as of March 20, 2026. The promoter entities maintained their combined shareholding of 15.08% while completely releasing all encumbered positions.

The pledge release was executed by Moses Newling Harding John, President and CEO of IndusInd International Holdings Limited, and Radamohun Gujadhur, General Manager and Director of IndusInd Limited, both signing from Mauritius on March 28, 2026. The transaction ensures complete regulatory compliance while maintaining the promoters' strategic shareholding in the bank without any encumbrance.