Utkarsh Small Finance Bank has issued a notice to redeem ₹195 crore worth of Rated, Listed, Unsecured, Sub-ordinated, Redeemable Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs) on August 13, 2026. The bank is exercising a call option to redeem the securities at par, following approval from the Reserve Bank of India. The redemption involves the payment of the principal amount along with accrued interest, totaling approximately ₹198.21 crore subject to applicable taxes. The bank has fixed July 29, 2026, as the record date to determine the eligibility of debenture holders for this payout.

The Capital Structuring and Fund Raise Committee approved the execution of a Supplementary Debenture Trust Deed to the existing Debenture Trust Deed dated June 26, 2020, during its meeting on July 21, 2026. The call option is being exercised pursuant to the terms of the Supplementary Debenture Trust Deed and applicable regulations, including the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The bonds were originally allotted on June 26, 2020, with a face value of ₹10,00,000 each and a scheduled maturity date of June 26, 2027.

Key Details of the Redemption

The redemption amount will be credited to the bank accounts of eligible debenture holders registered with their demat accounts on the record date. In cases where electronic credit is not feasible, the amount will be remitted via cheque or demand draft. Muthiah Ganapathy, Company Secretary & Compliance Officer, signed the disclosure on behalf of the bank.

Utkarsh Small Finance Bank has scheduled its 10th Annual General Meeting (AGM) for August 04, 2026, at 2:30 p.m. IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The bank has completed the dispatch of the Notice of the AGM along with the Annual Report for FY 2025-26 on July 10, 2026, through electronic mode to members and debenture holders whose email addresses are registered with the bank or its Registrar and Transfer Agent.

AGM and E-Voting Details

The Notice of the 10th AGM and the Annual Report for FY 2025-26 are available on the bank's website and the websites of BSE Limited and National Stock Exchange of India Limited. National Securities Depository Limited (NSDL) has been engaged to provide remote e-voting facilities. Members whose names appear in the Register of Members or Register of Beneficial Owners as of the cut-off date, Tuesday, July 28, 2026, are entitled to vote.

Members who have cast their vote by remote e-voting prior to the AGM may attend and participate but are not entitled to vote again. Those present at the AGM through VC/OAVM who have not voted remotely may exercise their right to vote during the meeting. The voting rights of members are in proportion to their shares of the paid-up equity share capital as on the cut-off date, subject to the provisions of the Banking Regulation Act, 1949, and RBI Directions.

Annual Report FY 2025-26

The Annual Report for FY 2025-26 covers the period from April 1, 2025, to March 31, 2026. The document provides a comprehensive overview of the bank's financial and non-financial performance. A letter providing the web-link and QR Code for accessing the Annual Report and Notice is being sent to shareholders and debenture holders who have not registered their email addresses.

Muthiah Ganapathy, Company Secretary & Compliance Officer, signed the disclosure regarding the newspaper advertisement on July 11, 2026. The bank's registered office is located at Utkarsh Tower, NH-31 (Airport Road), Sehmalpur, Kazi Sarai, Harhua, Varanasi, Uttar Pradesh.