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 engaged with analysts and institutional investors on June 4, 2026, in Mumbai during the Citi India Conference 2026. The meeting served as a platform for the bank to interact with key market participants without disclosing any unpublished price sensitive information.

The bank clarified that discussions during the interaction were based on publicly available documents. A copy of the presentation used during the meet has been made available on the bank's official website for investor reference.

The event saw participation from 18 major financial institutions and asset management companies. The attendees included domestic and international entities such as Axis Asset Management Company Limited, BNP Paribas AM France, and HDFC Mutual Fund.

Participants at the Meet

The following table lists the institutional investors and analysts who participated in the one-on-one and group meetings:

The intimation regarding this meeting was submitted to the National Stock Exchange of India Limited, BSE Limited, and Luxembourg Stock Exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.