Kotak Mahindra Bank Ltd confirmed that as on March 31, 2026, no encumbrance was created on its promoter shareholding. The disclosure was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was provided by Uday Suresh Kotak, along with members of the promoter group or persons acting in concert. The statement explicitly notes that no encumbrance, direct or indirect, has been created on the shareholding in the bank.

Regulatory Filing Details

The disclosure was addressed to the Corporate Relationship Department of BSE Limited and the National Stock Exchange of India Limited. The filing serves as an annual compliance requirement under the specified SEBI regulations.

Kotak Mahindra Bank has completed the acquisition of a loan portfolio worth Rs 9,587.62 crore from its wholly-owned subsidiary, Kotak Mahindra Investments Ltd (KMIL), effective July 1, 2026. This direct assignment aligns with the bank's strategy to conduct the business activities of KMIL departmentally within the bank to comply with regulatory directions and drive operational synergies. The move is in compliance with the Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) Directions, 2025, and aims to simplify the group structure.

The transaction follows the bank's decision communicated to the stock exchanges on March 24, 2026, to absorb the subsidiary's operations starting April 1, 2026. In a previous disclosure dated May 30, 2026, the bank had informed the exchanges about the proposed acquisition of the loan portfolio and non-treasury investments, which collectively amounted to Rs 10,639 crore as on March 31, 2026. The current assignment covers the loan component of that aggregate.

Transaction Details

The following table outlines the key financial details of the transaction:

The disclosure was made to the BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.