Outcome of board meeting of Yes Bank held on 18 Sep

Following acquisition of 20% stake in the Bank by Sumitomo Mitsui Banking Corporation

The Board of Yes Bank at its meeting held on 18 September 2025 has approved the following:

• Noted the resignation of  Sandeep Tewari (DIN 09623300) (nominee director of SBI), as a Non-Executive Director of the Bank with effect from 17 September 2025.
• Noted the completion of transaction and transfer of 4,134,404,897 equity shares (13.19% stake) of the Bank from State Bank of India to Sumitomo Mitsui Banking Corporation (SMBC).
• Noted the completion of transaction and transfer of  2,136,830,297 equity shares (6.81% stake) of the Bank from other sellers including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank to SMBC.
• Approved the appointment of Shinichiro Nishino (DIN: 11290100) and Rajeev Veeravalli Kannan (DIN: 01973006) as Additional Directors, Non-Executive and Non-Independent Directors (Nominees of SMBC)

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