IndusInd Bank Ltd. — Capital/Financing Update 2021

Jan 13, 2021

January 13, 2021

The Asst. Vice President Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5^th Floor Plot No. C/1, G Block Bandra - Kurla Complex Bandra (East), Mumbai - 400 051 NSE Symbol: INDUSINDBK

Chief Regulatory Officer India International Exchange. 1st Floor, Unit No. 101, The Signature Building No.13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY, Gandhinagar - GJ 382355 Scrip Code: 1100027

The Deputy General Manager Corporate Relationship Dept. BSE Ltd. ^1st Floor, New Trading Ring Rotunda Building, P. J. Towers Dalal Street, Fort Mumbai - 400 001 BSE Scrip Code: 532187

Madam / Dear Sir.

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015: Subscription for Warrants by Promoters

The Bank had issued convertible warrants to the Promoters, i.e., IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL), on July 6, 2019 vide the Composite Scheme of Arrangement. IIHL and IL had paid Rs.495.29 crores and Rs.178.53 crores, respectively (aggregating Rs.673.81 crores) towards Warrant Subscription Price being 25% of the Warrant Price of Rs.1,709 per Warrant for 1,57,70,985 Share Warrants.

As per extension of one month granted by SEBI, the payment date for the conversion of warrants to equity shares was extended by a month to February 4, 2021.

In view of the possible delays due to the legal formalities and logistics issues in different countries, the promoters had represented for further extension of time to pay the balance 75% money towards subscription of warrants.

SEBI have granted extension for a further period of two weeks beyond the extension of one month granted earlier (which was up to February 4, 2021). Accordingly, the extension now granted is for two weeks beyond February 4, 2021, i.e., until February 18, 2021. We request you to take the above SEBI approval on record.

Thanking you,

Yours faithfully, For IndusInd Bank Limited

Haresh Gajwani Company Secretary

Solitaire Corporate Park Office : IndusInd Bank Limited, Building No.7, Solitaire Corporation Park, Andheri- Ghatkoper Link Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel: (0022) 66412887