RBL Bank Limited has announced key changes in its senior management team, with the superannuation of its current Head of Internal Audit and the appointment of a new successor. The changes were disclosed under Regulation 30 of the SEBI Listing Regulations following a Board meeting held on April 24, 2026.

Senior Management Transition Details

The bank announced that Mr. Rajagopalan R, Head - Internal Audit and part of the senior management team, will superannuate from RBL Bank effective close of business hours on April 30, 2026. To ensure continuity in operations, the Board has approved the appointment of Mr. Navin Sharma as the new Head - Internal Audit, effective May 01, 2026.

Board Approval and Governance

The appointment of Mr. Navin Sharma was approved by the Board of Directors at their meeting held on April 24, 2026, based on recommendations from both the Audit Committee and Nomination and Remuneration Committee. The Board meeting commenced at 12:37 p.m. and concluded at 6:23 p.m., demonstrating thorough deliberation on the appointment.

New Appointee Profile

Mr. Navin Sharma brings extensive experience to his new role as Head - Internal Audit. He is a seasoned Banking, Insurance, and Financial Services professional with nearly 26 years of experience across leading organizations. His expertise encompasses:

• Audit and risk management
• Compliance operations
• Advanced risk-based audit practices
• Operational risk management
• Business continuity management

Professional Background

Mr. Sharma joined RBL Bank on April 15, 2026, prior to his appointment as Head - Internal Audit. His professional journey includes significant roles at prominent financial institutions:

• Bandhan Bank
• ICICI Bank
• ICICI Prudential Insurance
• Fullerton India Credit
• Citigroup Global Services

Educational Qualifications

Mr. Navin Sharma holds strong academic credentials with a Chartered Accountant qualification obtained in 1999 and a BCom degree from St Xavier College completed in 1997.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. The disclosure follows SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full transparency with stakeholders and regulatory authorities.

RBL Bank Limited has announced the approval of stock option grants to its eligible employees under the bank's established Employee Stock Option Plans. The Nomination and Remuneration Committee approved this decision at its meeting held on April 23, 2026, marking a significant employee benefit initiative by the private sector bank.

Stock Option Grant Details

The committee has approved the grant of 3,11,000 stock options convertible into an equal number of equity shares of Rs. 10/- each to eligible employees. These options are being issued under the bank's Employee Stock Option Plan 2013 and Employee Stock Option Plan 2018, both of which have received shareholder approval.

Pricing and Exercise Terms

The exercise price has been set at Rs. 317.65 per option, which represents the latest available closing price on April 22, 2026. This pricing follows the bank's established formula of using the closing price on the previous trading day prior to the grant date on the recognized stock exchange that records higher trading volume. In this case, the National Stock Exchange of India Limited was the reference exchange.

Vesting and Exercise Schedule

The granted options follow a structured vesting schedule designed to retain talent over multiple years. The vesting pattern ensures gradual benefit realization for employees while maintaining their long-term association with the bank.

Regulatory Compliance and Documentation

Both ESOP 2013 and ESOP 2018 schemes were originally formulated based on SEBI regulations and have been subsequently amended to align with the requirements of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The bank has ensured full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank has formally notified both BSE Limited and National Stock Exchange of India Limited about this grant through official communication signed by Company Secretary Niti Arya. As required under Regulation 46(2), the information has been hosted on the bank's website at www.rbl.bank.in .

This stock option grant represents RBL Bank's continued commitment to employee retention and motivation through equity participation, allowing eligible employees to benefit from the bank's long-term performance and growth.