The Board of Directors of the Bank, in its meeting held on September 18, 2019, has 1. Considered and given its in-principle approval for the amalgamation of Allahabad Bank into Indian Bank subject to all necessary approvals. 2. Approved the Capital Infusion of upto Rs.5,000 crore (Rupees five thousand crore only) by Government of India through preferential allotment to Government of India subject to necessary regulatory approvals. Bank has received a communication from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) after consultation with Reserve Bank of India has decided that Indian Bank and Allahabad Bank may consider amalgamation of the Allahabad Bank into Indian Bank. (As Per BSE Announcement Dated on 31/08/2019) Outcome of Board Meeting (As Per BSE Announcement Dated On 16/09/2019) Government of India, Ministry of Finance, Department of Financial Services on 13th November 2019 (communication received on 16th November 2019) has advised that the Alternative Mechanism (AM) has accorded its in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank with Indian Bank as the transferee bank and Allahabad Bank as transferor bank. (As Per BSE Announcement Dated 16.11.2019) Updates on proposed amalgamation of Allahabad Bank into Indian Bank: Receipt of communication from GOI regarding in-principle approval of Alternate Mechanism (AM) to proposed amalgamation of Allahabad Bank into Indian Bank. (As Per BSE Announcement Dated 19.11.2019) Amalgamation of Allahabad Bank into Indian Bank - Scheme notified by GoI is attached Update on Amalgamation of Allahabad Bank into Indian Bank: Approval of Fair Equity Share Exchange Ratio Fair Equity Share Exchange Ratio, formation of Grievances Redressal Committee and Record Date for amalgamation of Allahabad Bank into Indian Bank. (As Per BSE Announcement Dated 05.03.2020) Amalgamation of Allahabad Bank (Transferor Bank) into Indian Bank (Transferee Bank): Fixation of Record Date by the Transferee Bank (As Per BSE Announcement dated on 06.03.2020) News Paper Advertisement for Record Date for proposed amalgamation of Allahabad Bank into Indian Bank (As Per BSE Announcement dated on 07/03/2020) Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as notified by Government of India under Section 9 of Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 (5 of 1970),the Central Government after consultation with the Reserve Bank of India, has notified the Amalgamation of Allahabad Bank and Indian Bank, Indian Bank has fixed the Record Date to determine the entitlement of shareholders of Allahabad Bank to equity shares of Indian Bank. Trading Members are advised not to deal in the equity shares of Allahabad Bank with effect from the under mentioned date: COMPANY NAME CODE Allahabad Bank (532480) RECORD DATE 23.03.2020 PURPOSE Scheme of Amalgamation: - On the commencement of the Scheme, Indian Bank shall issue and allot Equity Shares to the shareholders of Allahabad Bank in the following share exchange ratio: '115 (One hundred & fifteen) equity shares of Rs.10/- each of Indian Bank for every 1000 (One Thousand) equity shares of Rs.10/- each of Allahabad Bank.' NO DEALINGS FROM W.E.F. 20/03/2020 DR-242/2019-2020 Subject to compliance with requisite formalities the New Shares to be issued and allotted of Indian Bank will be listed on BSE Limited. Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 11.03.2020) Amalgamation of Allahabad Bank (Transferor Bank) into Indian Bank (Transferee Bank): Fair Equity Share Exchange Ratio The recommendation of the Expert Committee, constituted for considering written objections of the minority shareholders on share exchange ratio, was placed before the Board of Directors of the Bank, in its meeting held today, i.e., on 17.03.2020 and which was approved by the Board of Directors. There is no change in the Share Exchange Ratio notified vide our letter dated 05.03.2020 (As Per BSE Announcement Dated on 17.03.2020) Bank has today issued and allotted 52,05,65,990 equity shares of face value of Rs.10/- each at approved Share Exchange Ratio pursuant to the 'Amalgamation of Allahabad Bank into Indian Bank, Scheme, 2020 (As Per BSE Announcement Dated 01.04.2020) Board of Directors of the Bank, in its meeting held today, i.e., on July 17, 2020 has considered and approved the Opening Balance Sheet of the Amalgamated Bank as at April 01, 2020, i.e., post amalgamation of Allahabad Bank into Indian Bank. (As Per BSE Announcement Dated on 17.07.2020) Update on amalgamation of erstwhile Allahabad Bank (e-AB) into Indian Bank: Technical Migration of CBS (As per BSE Announcement Dated on 11/2/2021)