We would like to inform that the Board of Directors of the Bank at its meeting held today, i.e. December 30, 2021, have considered the proposal for merger of 'IDFC Limited' and 'IDFC Financial Holding Company Limited' ('Promoter Group') with 'IDFC FIRST Bank Limited' and have expressed that we are, in-principle, in favour of the above merger, subject to the approval of the Board of Directors, shareholders, creditors, statutory and regulatory approvals of the respective entities. The Board has constituted and authorized a committee namely 'Capital Raise and Corporate Restructuring Committee', to work on the terms of proposed merger including finalizing the Scheme, Valuation, hiring advisors etc. as required. The details as required under SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 will be provided as and when the Scheme of Merger is finalized. Dear Sir/ Madam, Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a copy the press release as Annexure -1. The above information is also available on the website of the Company: www.idfclimited.com Kindly take the aforesaid on record. (As Per BSE Announcement Dated on 01/02/2023) In continuation to our letter dated December 30, 2021, we wish to inform you that all the stages of Corporate Simplifications have now been completed. The next step is the Amalgamation with IDFC FIRST Bank Limited. Towards this step, the Board of Directors ('the Board') of IDFC Limited ('the Company') and IDFC Financial Holding Company Limited ('IDFC FHCL'), at their respective meetings held on March 18, 2023, have approved: a. Appointment of SSPA & Co., Chartered Accountants as registered valuer for recommendation of fair share exchange ratio; b. Appointment of Axis Capital Limited for issuance of fairness opinion on the share exchange ratio; c. Appointment of Cyril Amarchand Mangaldas - Law Firm for conducting legal due diligence, drafting and finalizing scheme of amalgamation and filing regulatory applications. We propose to complete aforesaid Amalgamation during financial year barring unforeseen circumstances. (As per BSE Announcement Dated on 21/03/2023) Please note that CCI vide its letter dated October 17, 2023 has communicated that it has considered and approved the combination under green channel route pursuant to notice jointly filed by IDFC FHCL, IDFC and IDFC FIRST Bank in terms of Competition Act, 2002 We wish to inform that CCI has considered and approved the combination under the Green Channel route. (As Per BSE Announcement Dated on 17/10/2023) Receipt of Prior Approval for Stock Broker license from National Stock exchange. Kindly refer the attachment for detailed disclosure. (As Per BSE Announcement Dated on 10/11/2023) Receipt of In-principle approval from Pension Fund Regulatory Development Authority. Kindly refer the attachment for detailed disclosure Receipt of Observation Letters with no objection from NSE and no adverse observations from BSE. Kindly refer the attachment for detailed disclosure. we would like to inform you that IDFC has received observation letter from BSE with no adverse observations and no objection from NSE both today November 13, 2023. (As Per BSE Announcement Dated on 13/11/2023) Receipt of Prior Approval for Stock Broker License from BSE Limited with respect to proposed amalgamation. Kindly refer the attached mail for detailed disclosure. (As Per BSE Announcement dated on 17.11.2023) Receipt of No-Objection from Reserve Bank of India on proposed amalgamation. Please refer attached disclosure. (As Per BSE Announcement dated on 18.12.2023) Appointment of Independent Directors - Mrs. Pankajam Sridevi and Mr. Uday Shirish Bhansali (As Per BSE Announcement Dated on: 27/09/2024) Please refer attached disclosure. (As per BSE Announcement Dated on 25/01/2025)