Utkarsh Small Finance Bank has approved the redemption of Lower Tier II Bonds aggregating ₹195 crore, exercising a call option on August 13, 2026. The Capital Structuring and Fund Raise Committee approved the redemption at par during its meeting on July 21, 2026. The bank has fixed July 29, 2026, as the record date for this call option to determine the eligibility of bondholders.

The bonds consist of 1,950 Rated, Listed, Unsecured, Redeemable, Lower Tier II Bonds in the nature of Non-Convertible Debentures. The committee also approved the execution of a supplementary debenture trust deed to the existing Debenture Trust Deed dated June 26, 2020, entered into with IDBI Trusteeship Services Limited acting as the debenture trustee.

A notice regarding the call option will be issued to debenture holders and the Debenture Trustee in accordance with the Securities and Exchange Board of India (Issue and Listing of Non-convertible Securities) Regulations, 2021. A copy of this notice will be provided to the stock exchanges where the Non-Convertible Debentures are listed.

The meeting, which commenced at 10:30 a.m. and concluded at 11:35 a.m. on July 21, 2026, was held in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Muthiah Ganapathy, Company Secretary & Compliance Officer, signed the disclosure on behalf of the bank.

Key Details of the Redemption

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.