OTHER REGULATORY AND STATUTORY DISCLOSURES
Authority for the Issue

Our Board has approved the Issue pursuant to the resolution passed at its meeting held on July 3, 2020 and our Shareholders
have approved the Fresh Issue pursuant to a special resolution passed on July 27, 2020. Our Board has approved the Red Herring
Prospectus pursuant to its resolution dated March 9, 2021. Our Board has approved this Prospectus pursuant to its resolution
dated March 20, 2021.

Each of the Selling Shareholders has, severally and not jointly, authorized and confirmed inclusion of its portion of the Offered

Shares as part of the Offer for Sale, as set out below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ss. Name of the Selling Shareholder Up to Offered Shares Date of Selling Date of board
No. Shareholders’ Consent resolution/
Letter investment committee
resolution
1. {IFC 4,387,888 Equity] September 5, 2020 -
Shares aggregating to 2
1,334.86 million
2. |Gaja Capital Fund II Limited 2,021,952 Equity March 2, 2021! March 2, 2021!
Shares aggregating to =
615.11 million
3. | DWM (International) Mauritius Ltd 1,889,845 Equity March 2, 20217 February 26, 20217
Shares aggregating to =
574.92 million
4. |HDFC Holdings Limited 750,000 Equity Shares} September 29, 2020 May 3, 2019
aggregating to % 228.16
million
5. | IDFC FIRST Bank Limited 1,500,000 Equity] February 25, 2021° February 18, 20213
Shares aggregating to 2
456.32 million
6. | Americorp Ventures Limited 100,000 Equity Shares March 1, 2021* March 1, 2021*
aggregating to = 30.42
million
7. |Kotak Mahindra Life Insurance | 186,966 Equity Shares} September 4, 2020 Investment committee
Company Limited aggregating to = 56.88 resolution dated
million September 4, 2020
Board resolution dated
April 26, 2019
8. | Gaja Capital India AIF Trust (represented | 106,419 Equity Shares March 2, 2021° March 2, 2021°
by its trustee Gaja Trustee Company |aggregating to = 32.37
Private Limited) million
r Consent Letter dated March 2, 2021, pursuant to the board resolution dated March 2, 2021 replaced and superseded the consent
letter dated September 4, 2020 issued by Gaja Capital Fund II Limited
2 Consent Letter dated March 2, 2021, pursuant to the board resolution dated February 26, 2021 replaced and superseded the
consent letter dated September 8, 2020 issued by DWM (International) Mauritius Ltd
3 Consent Letter dated February 25, 2021, pursuant to the board resolution dated February 18, 2021 replaced and superseded the
consent letter dated September 29, 2020 issued by IDFC FIRST Bank Limited
7 Consent Letter dated March 1, 2021, pursuant to the board resolution dated March 1, 2021replaced and superseded the consent
. letter dated August 31, 2020 issued by Americorp Ventures Limited
* Consent Letter dated March 2, 2021, pursuant to the board resolution dated March 2, 2021 replaced and superseded the consent
letter dated September 3, 2020 issued by Gaja Capital India AIF Trust (represented by its trustee Gaja Trustee Company Private
Limited)

Our Bank has received in-principle approvals from the BSE and the NSE for the listing of the Equity Shares pursuant to letters
dated November 13, 2020 and December 10, 2020, respectively.

Pursuant to RBI In Principle Approval and RBI Final Approval, the Equity Shares of our Bank are mandatorily required to be
listed within a period of three years from reaching a net worth of % 5,000 million. Pursuant to e-mail dated July 6, 2020 from
the RBI, the Equity Shares of our Bank were required to be listed by November 29, 2020. Further, our Bank, pursuant to letter
dated July 9, 2020 (“Letter”), had requested the RBI to grant an extension of the listing timeline for a period of six months
from November 29, 2020 i.e., up to May 2021. Further, our Bank also filed letter dated November 23, 2020 in furtherance of
the Letter. Subsequently, RBI by way of a letter dated December 8, 2020 informed our Bank that it has not acceded to the
request of the Bank, to extend the timeline for listing of the Equity Shares and advised the Bank to complete the listing process
at the earliest.

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