IndusInd Bank has announced the resignation of two senior management personnel, as disclosed in a regulatory filing dated January 2, 2026. The departures involve key leadership positions in customer management and wealth management divisions, with both executives citing opportunities outside the organization as reasons for their resignation.

Senior Management Changes

The bank has disclosed changes in its senior management team pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The resignations were formally communicated through separate emails from the departing executives.

Resignation Details

Mr. Rana Vikram Anand, serving as Head of Customer Management and Senior Management Personnel, submitted his resignation via email on January 1, 2026. His departure will be effective from the close of business hours on April 1, 2026. In his resignation communication, Anand expressed gratitude for the organizational support received over several years and committed to serving the notice period to ensure smooth transition and handover of responsibilities.

Mr. Anish Behl, Head of Wealth and Para Banking, tendered his resignation on January 2, 2026, specifically mentioning his intention to pursue opportunities in the insurance domain. His cessation from the bank will be effective from the close of business hours on January 30, 2026. Behl requested an early release by January 30th in his resignation communication.

Regulatory Compliance

The bank has fulfilled all regulatory disclosure requirements under SEBI regulations. The disclosure includes detailed information pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Copies of both resignation letters have been enclosed as required under Schedule III, Part A, Para A(7C) of the SEBI Listing Regulations.

Communication and Documentation

The regulatory filing was signed by Rahul Joshi, Assistant Company Secretary, and digitally authenticated on January 2, 2026. In compliance with Regulation 46 of the SEBI Listing Regulations, this disclosure has also been hosted on the bank's official website. The notification was sent to the National Stock Exchange of India Limited, BSE Limited, and Luxembourg Stock Exchange as part of the bank's listing obligations.

IndusInd Bank Limited has announced the approval of stock option grants to eligible employees under its Employee Stock Option Scheme (ESOP). The bank's Compensation and Nomination & Remuneration Committee sanctioned this decision on December 30, 2025, as part of the bank's employee incentive program.

Stock Option Grant Details

The committee approved the grant of 95,000 stock options to 5 eligible employees of the bank and BFIL (Bank's subsidiary). These options are convertible into an equal number of equity shares upon exercise, providing employees with potential ownership stakes in the organization.

Vesting and Exercise Terms

The stock options come with structured vesting and exercise provisions designed to retain talent and align employee interests with long-term company performance. The vesting schedule spans three years from the grant date, ensuring employees remain committed to the organization's growth trajectory.

Regulatory Compliance

The grant has been executed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this development.

The grant price of ₹839.60 per share was determined based on the closing price on NSE on December 29, 2025, which was the previous trading day. This pricing methodology follows the standard practice of using the stock exchange with the highest trading volume for price determination.

Documentation and Transparency

IndusInd Bank has maintained transparency by hosting the complete details of this stock option grant on its official website at www.indusind.bank.in . This ensures stakeholders have access to comprehensive information about the ESOP scheme implementation and its terms.