IndusInd Bank Limited has announced significant leadership strengthening with the appointment of four new directors at its Board meeting held on April 24, 2026. The appointments include two Non-Executive Independent Directors and two Executive Directors, marking a strategic expansion of the bank's leadership team as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Independent Directors Appointment

The Board has approved the appointment of two seasoned professionals as Non-Executive Independent Directors:

Mr. Nilesh Shivji Vikamsey brings over 40 years of experience in audit and consulting. He holds a Bachelor's degree in Commerce from the University of Bombay and is a member of the Institute of Chartered Accountants of India since 1985. He has completed post qualification courses in Information Systems Audit, Certificate courses on Forensic Audit and Fraud detection, and Artificial Intelligence from ICAI, plus a course in Business Consultancy Studies from Jamnalal Bajaj Institute of Management Studies. He is a senior partner at KKC & Associates LLP and serves as Past President of ICAI. Currently, he is Chairman of Nippon Life India Trustee Ltd and serves on boards of various public limited companies including SOTC Travel Limited, Thejo Engineering Limited, and Tablespace Technologies Limited.

Mr. Ravindra Babu Garikipati is a senior technology executive and entrepreneur with more than 35 years of experience in building technology-led businesses across India and Silicon Valley. He currently serves as Board Member for Axis Asset Management Company, NIIT Limited, NIIT Managed Training Services, and RPS Consulting Private Limited. He is also Strategic Advisor to ICICI Lombard and Founding Advisor at Opptra. His executive track record includes serving as CTO of Flipkart, President and CTO of 247.ai, VP of Engineering at Andale (an Alibaba company), and Founder and CEO of Davinta, a fintech startup.

Executive Directors Appointment

Two senior management personnel have been elevated to Executive Director positions:

Mr. Ganesh Sankaran is a seasoned banking leader with over three decades of experience across Wholesale, Retail Credit, and SME segments. His career spans leadership positions at leading private sector banks including Axis Bank, Federal Bank, and HDFC Bank. He has previously served on boards of Axis Capital, Equirus Capital, and Fedbank Financial Services, and acted as Executive Director & Board Member at Federal Bank.

Mr. Jagdeep Mallareddy brings over three decades of experience in financial services with exposure across retail banking, lending, credit, operations, and risk management. He holds an MBA from Andhra University and a Bachelor of Commerce (Honours) from Osmania University. Prior to joining IndusInd Bank, he served as Chief Business Officer at Piramal Finance Limited and held senior leadership roles at Axis Bank Limited, including Head – Retail Lending. His experience also includes associations with ICICI Prudential Life Insurance, HDFC Bank, Kotak Mahindra Prime, Cholamandalam Investment and Finance, and Bajaj Auto Finance.

Regulatory Compliance and Approvals

The appointments comply with Regulation 30 of 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. All four appointees are confirmed to be not debarred from holding director positions by SEBI or any other regulatory authority.

Both Executive Directors will assume the role of Key Managerial Personnel once their appointments as Whole-time Directors take effect, strengthening the bank's senior management structure across its key business divisions. The disclosure confirms that none of the directors have any inter se relationships.

IndusInd Bank Limited has announced amendments to its Fair Disclosure Code for Unpublished Price Sensitive Information, with the Board of Directors approving the changes on April 24, 2026. The bank formally communicated this regulatory compliance update to stock exchanges including NSE and BSE, along with the Luxembourg Stock Exchange.

Board Approval and Regulatory Communication

The bank's Board of Directors approved the amended "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" during their meeting on April 24, 2026. Company Secretary Anand Kumar Das formally notified the exchanges, ensuring compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Authorized Spokespersons and Information Framework

The comprehensive code establishes clear guidelines for information disclosure and stakeholder communication. The bank has designated specific authorized spokespersons including the Managing Director, Chief Financial Officer, and Head of Investor Relations for interactions with analysts, institutional investors, and the general investor community.

Key Disclosure Practices

The code mandates several critical practices for fair information disclosure:

• Prompt public disclosure of price-sensitive information as soon as credible information becomes available
• Strict adherence to SEBI LODR Regulations timelines for notifications and disclosures
• Uniform and universal dissemination to avoid selective disclosure
• Priority disclosure to stock exchanges before media release
• Immediate correction of any material errors or omissions in previous disclosures

Handling of Unpublished Price Sensitive Information

The bank has implemented stringent measures for managing UPSI on a need-to-know basis. All employees, directors, and designated persons must handle such information strictly for legitimate purposes, performance of duties, or legal obligations. The code requires comprehensive documentation of UPSI recipients including name, address, email, PAN, and other identifiers.

Information Leakage Prevention and Response Measures

The code includes specific protocols for handling information leakage or inadvertent disclosure. The bank may disclose provisional figures close to quarter-end to make information generally available, while maintaining confidentiality for sensitive matters like mergers, acquisitions, or labor disputes until finalization.

Response Framework for Market Rumors

The bank has established comprehensive measures for addressing market rumors and information leakage:

• Prompt disclosure to stock exchanges upon information leakage
• Appropriate clarifications and responses to media rumors
• Immediate disclosure of requisite details for inadvertent disclosures
• Proactive clarifications for major market rumors when necessary

The amended Fair Disclosure Code demonstrates IndusInd Bank's commitment to regulatory compliance and transparent communication with stakeholders. All material information disclosed to stock exchanges will be uploaded on the bank's website in accordance with SEBI LODR Regulations and its Archival Policy.