Outcome of the Board meeting held today. approved the scheme of amalgamation ('Scheme') of Utkarsh CoreInvest Limited ('Transferor Company') / ('UCL') with Utkarsh Small Finance Bank Limited ('Transferee Company') / ('USFBL') and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ('Companies Act') and the rules made thereunder, based on the recommendations of the Audit Committee and the Independent Directors of USFBL. Appointed Date as defined in the Scheme is April 01, 2025, or such other date as may be fixed mutually by the board of directors of the Transferor Company and the Transferee Company, or such other date as may be fixed or approved by the NCLT or such other competent authority. The share exchange ratio for the amalgamation of the Transferor Company into and with the Transferee Company shall be 699 (Six Hundred Ninety-Nine) equity shares of USFBL of INR 10/- each fully paid up for every 100 (One Hundred) equity shares of UCL of INR 10/- each fully paid up. The RBI has issued NOC to the proposal for amalgamation of Utkarsh CoreInvest Limited with Utkarsh Small Finance Bank Limited (As per BSE Announcement Dated on 03/01/2025) Update on the Scheme of Amalgamation - Receipt of observation letters from stock exchanges. (As Per BSE Announcement dated on 07.07.2025)