IndusInd Bank has initiated a postal ballot process to seek shareholder approval for the appointment of two Non-Executive Independent Directors, Mr. Nilesh Shivji Vikamsey and Mr. Ravindra Babu Garikipati, for a tenure of four years. The resolutions propose that both directors, who were appointed as Additional Directors effective April 24, 2026, shall hold office up to April 23, 2030, and will not be liable to retire by rotation. The appointments are subject to the approval of members through special resolutions via remote e-voting.

The Board of Directors approved the recommendations of the Compensation and Nomination & Remuneration Committee, confirming that both candidates meet the Fit and Proper norms prescribed by the Reserve Bank of India and possess the requisite qualifications. Mr. Nilesh Shivji Vikamsey brings over 40 years of experience in audit and consulting, while Mr. Ravindra Babu Garikipati offers more than 35 years of expertise in technology-led businesses. Neither candidate holds equity shares in the Bank as of June 8, 2026.

Voting Schedule and Process

The remote e-voting facility will be available to members whose names appear in the register of members or list of beneficial owners as on the cut-off date of Friday, June 5, 2026. The voting period is scheduled to commence at 9:00 a.m. IST on Thursday, June 11, 2026, and will conclude at 5:00 p.m. IST on Friday, July 10, 2026. Shareholders must cast their votes electronically, as physical postal ballot forms are not being dispatched for this process.

The Board has appointed Mr. Alwyn D'Souza of Alwyn Jay & Co., Company Secretaries, as the Scrutinizer to ensure the conduct of the postal ballot in a fair and transparent manner. The results of the postal ballot are expected to be declared on or before Tuesday, July 14, 2026, and will be displayed at the Registered and Corporate offices, communicated to the Stock Exchanges, and uploaded to the Bank’s website.

Director Profiles and Remuneration

The following table outlines the key details and proposed remuneration for the directors seeking appointment:

Mr. Nilesh Shivji Vikamsey is a senior partner at KKC & Associates LLP and a Past President of the Institute of Chartered Accountants of India (ICAI). Mr. Ravindra Babu Garikipati has previously served as the CTO of Flipkart and holds board positions at NIIT Limited and Axis Asset Management Company. The Bank has confirmed that neither director is related to any existing Director or Key Managerial Personnel.

IndusInd Bank Limited held an analysts and institutional investors meet in Mumbai on June 8, 2026, as part of the ICICI India Investor Conference 2026. The interaction included both one-on-one and group meetings with various institutional investors and fund managers. The bank confirmed that no unpublished price sensitive information was shared during the discussions.

The bank stated that the interaction relied on publicly available documents. A copy of the presentation made during the meet has been made available on the bank's official website. The event was attended by representatives from 13 major financial institutions.

The participants included ASK Investment Managers Ltd, ASK Hedge Solutions, and Bandhan Mutual Fund. Other attendees were Baroda BNP Paribas Asset Management India Pvt. Ltd., Carnelian Asset Management & Advisors Pvt Ltd, and GO DIGIT Insurance Fund. The list also featured ICICI Securities Ltd., Invesco Asset Management (India) Private Limited, and Karma Capital Advisors Pvt Ltd.

Further participation came from Millennium Management LLC, Param Capital Ltd., and Shriram General Insurance Company Ltd. The final attendee listed was Dymon Asia Capital (Singapore) Pte. Ltd. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.