Utkarsh Small Finance Bank has allotted ₹300 crore worth of Non-Convertible Debentures (NCDs) on a private placement basis. The bank issued these instruments to eligible investors, marking a significant step in its capital structuring efforts.

The allotment comprises 30,000 rated, listed, unsecured, and subordinated Lower Tier II bonds. Each bond carries a face value of ₹1 lakh, aggregating to the total issue size of ₹300 crore. The securities carry a coupon rate of 11.75% per annum, payable quarterly.

Instrument Details

The issued bonds are structured as redeemable Lower Tier II instruments, which typically qualify as Tier II capital for regulatory purposes. They have a tenure of seven years from the date of allotment.

Regulatory Compliance and Listing

The allotment was approved by the Capital Structuring & Fund Raise Committee under the authority granted by the Board of Directors. This action complies with Regulations 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.

The disclosure regarding this issuance is available on the bank's website. The instrument is unsecured, meaning no charge or security is created over the assets of the bank. There are no special rights or privileges attached to these debentures beyond standard redemption terms.

Utkarsh Small Finance Bank appointed Manmohan Shetty as Chief Financial Officer and Key Managerial Personnel effective September 19, 2026. The Bank’s Board of Directors approved the appointment following recommendations from the Audit Committee and the Nomination and Remuneration Committee.

The decision was taken during a Board meeting held on Saturday, September 19, 2026. The meeting commenced at 10:00 am and concluded at 9:10 pm. The disclosure was made pursuant to Regulations 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Shetty joins the Bank on a full-time employment basis. His appointment marks a key leadership addition to the Bank’s senior management team. The Board confirmed that there are no relationships between directors inter-se regarding this appointment.

Professional Profile

Mr. Shetty brings over two decades of experience across banking, non-banking financial companies (NBFCs), and financial services. He is a Chartered Accountant and holds a degree in Commerce from Mumbai University.

His career includes leadership roles at Viksit Capital, Barclays Bank, and Lehman Brothers. His expertise spans controllership, budgeting, planning and analysis, treasury, compliances, and financial management. This background aligns with the Bank’s requirements for robust financial oversight and strategic planning.

The disclosure is available on the Bank’s website at www.utkarsh.bank.in . Muthiah Ganapathy, Company Secretary and Compliance Officer, signed the communication.