IndusInd Bank has issued an official clarification under Regulation 30 of SEBI Listing Regulations regarding recent media reports about Serious Fraud Investigation Office (SFIO) summons. The bank has categorically stated that it has not received any communication regarding employee summons in connection with the ongoing investigation.

Official Regulatory Filing

The bank's clarification was filed with the National Stock Exchange of India Limited and BSE Limited on March 30, 2026, in response to a news item published on Economic Times website captioned "SFIO summons former top executives of IndusInd Bank in accounting probe."

Timeline of SFIO Investigation Disclosures

The bank provided a comprehensive timeline of its previous disclosures related to the SFIO investigation:

Investigation Scope and Current Status

The SFIO investigation covers multiple accounting areas including internal derivative trades, unsubstantiated balances in "other assets" and "other liabilities" accounts, and micro finance interest income/fee income. The investigation was formally initiated under section 212 of the Companies Act, 2013.

The bank acknowledged that while it has not received any summons communication, the SFIO may be issuing summons or notices directly to individuals without routing them through the bank as part of its ongoing investigation.

Regulatory Compliance Commitment

IndusInd Bank emphasized its commitment to disclosure obligations under Regulation 30 of the Listing Regulations and assured continued compliance. The clarification was signed by Company Secretary Anand Kumar Das and has been made available on the bank's official website.

The bank's proactive clarification demonstrates its commitment to transparency and accurate information dissemination to stakeholders while the regulatory investigation continues.

IndusInd Bank Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of Mr. Arijit Basu as Non-Executive Independent Director and Part-time Chairman. The special resolution was passed on March 27, 2026, marking a significant milestone in the bank's leadership structure.

Overwhelming Shareholder Support

The postal ballot results demonstrate exceptional shareholder confidence in the proposed appointment. Out of 582,615,384 votes polled, an impressive 580,749,128 votes were cast in favor of the resolution, representing 99.68% approval. Only 1,866,256 votes were cast against the proposal, accounting for merely 0.32% of the total votes.

Category-wise Voting Pattern

The voting results across different shareholder categories revealed unanimous support from the promoter group and strong backing from institutional and retail investors. The promoter and promoter group, holding 117,516,010 shares, voted 100% in favor of the resolution with complete participation.

Remote E-voting Process Details

The postal ballot was conducted entirely through remote e-voting facilitated by National Securities Depository Limited. The voting period commenced at 9:00 AM on February 26, 2026, and concluded at 5:00 PM on March 27, 2026. The process was conducted in compliance with the Companies Act, 2013, and SEBI regulations, with February 20, 2026, set as the cut-off date for determining voting eligibility.

Leadership Transition

Mr. Arijit Basu, bearing Director Identification Number 06907779, will assume the role of Non-Executive Independent Director and Part-time Chairman of the bank. The appointment represents a strategic leadership decision that has garnered widespread shareholder approval across all investor categories.

Regulatory Compliance

The postal ballot process was overseen by scrutinizer Alwyn D'Souza of M/s. Alwyn Jay & Co., Company Secretaries, Mumbai. The bank fulfilled all regulatory requirements under the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The postal ballot notice was dispatched electronically to members on February 24, 2026, with advertisements published in Financial Express and Loksatta newspapers on February 25, 2026.

The successful completion of this postal ballot process with such overwhelming support reflects strong shareholder confidence in IndusInd Bank's governance and strategic direction under the new leadership appointment.