IndusInd Bank Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Arijit Basu as Non-Executive Independent Director and Part-time Chairman. The notice, dated February 24, 2026, follows the conclusion of Mr. Sunil Mehta's tenure as Part-time Chairman on January 30, 2026.

Appointment Details and Regulatory Approval

The Reserve Bank of India approved Mr. Arijit Basu's appointment on January 19, 2026, under Section 10B(1A)(i) of the Banking Regulation Act, 1949. The Board of Directors subsequently appointed him as Additional Director on January 23, 2026, subject to shareholder approval through the postal ballot process.

Professional Background and Qualifications

Mr. Arijit Basu, aged 65 years, holds a Master of Arts degree from the University of Delhi and is a Certified Associate of the Indian Institute of Bankers. His extensive banking career includes serving as Managing Director of State Bank of India and MD & CEO of SBI Life Insurance Company Ltd. Prior to this appointment, he served as Chairman of HDB Financial Services Ltd., a subsidiary of HDFC Bank Ltd.

Currently, Mr. Basu serves as an Independent Director on the boards of Prudential Plc, Peerless Hospitex and Hospital Research Centre Ltd., and CleanMax Enviro Energy Solutions Ltd. He also holds advisory positions with Ares Management Corporation and Razorpay Inc.

Voting Process and Timeline

The bank will conduct the postal ballot exclusively through remote e-voting, with no physical ballot forms being distributed. The voting process follows a structured timeline designed to ensure comprehensive shareholder participation.

Scrutinizer and Compliance Framework

The Board has appointed Mr. Alwyn D'Souza (Membership No. FCS 5559) as the primary Scrutinizer, with Mr. Jay D'Souza (Membership No. FCS 3058) as the alternate, both from Alwyn Jay & Co., Company Secretaries. The appointment complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders whose email addresses are registered with depositories, the bank, or its registrar MUFG Intime India Private Limited will receive the postal ballot notice electronically. The voting rights will be proportionate to shareholding in the total paid-up equity share capital as of the cut-off date, subject to Banking Regulation Act provisions and RBI guidelines.

Regulatory Compliance and Board Recommendation

The Board has determined that Mr. Basu meets all fit and proper criteria prescribed by the Reserve Bank of India for the position. His appointment aligns with the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, the Companies Act, 2013, and SEBI Listing Regulations. The Board unanimously recommends the resolution for approval as a Special Resolution, noting that Mr. Basu will not be liable to retire by rotation during his tenure.

IndusInd Bank conducted a comprehensive analysts and institutional investors meet on February 23, 2026, as part of the Kotak Flagship Conference titled "Chasing Growth 2026" held in Mumbai. The event was structured to facilitate both one-on-one and group meetings through physical mode, providing direct interaction opportunities between the bank's management and key stakeholders.

Event Participation Details

The meet witnessed participation from 38 prominent financial institutions, representing a diverse mix of asset management companies, insurance firms, and investment managers. The participant list included several major domestic and international financial entities.

Key Participants

The meet attracted significant participation from leading financial institutions across various categories:

International Asset Managers:

• Abu Dhabi Investment Authority
• J P Morgan Asset Management
• Marshall Wace Asset Management
• Balyasny Asset Management
• Tiger Pacific Capital
• Dymon Asia Capital

Domestic Financial Institutions:

• HDFC Life Insurance Co Ltd
• Life Insurance Corporation of India
• Kotak Mahindra Asset Management Co Ltd
• Motilal Oswal Asset Management Co Ltd
• PGIM India Mutual Fund
• Baroda BNP Paribas Mutual Fund

Other Notable Participants:

• ICICI Bank
• Citadel Securities
• Susquehanna
• JM Financial Services Ltd
• Kotak Securities Ltd

Compliance and Transparency

IndusInd Bank emphasized its commitment to regulatory compliance during the meet. The bank explicitly stated that no unpublished price sensitive information was shared or discussed during the interactions. All discussions were based on publicly available documents, ensuring transparency and adherence to regulatory guidelines under SEBI regulations.

The bank has made the presentation materials from the meet available on its official website at www.indusind.bank.in/presentation , providing broader access to the information shared during the event.

Regulatory Framework

This analysts meet was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank had previously intimated about this meet on February 6, 2026, demonstrating proper advance disclosure practices. The event details and participant information have been formally communicated to the National Stock Exchange of India Limited and BSE Limited as part of the bank's listing compliance requirements.