Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has confirmed that the issue proceeds in respect of 1,89,500 Senior, Rated, Listed, Unsecured, Redeemable, Long Term Fully Paid Up NonConvertible Bonds in the nature of Debentures (NCDs), of the face value of Rs 1,00,000 each, aggregating Rs. 1,895 crore, issued on private placement basis, vide Shelf / Tranche Placement Memorandum dated June 22, 2023, have been fully utilized and that there has been no deviation or variation in the use of the said proceeds from the objects stated in the Shelf / Tranche Placement Memorandum. A statement confirming ‘no deviation or variation’ in the utilisation of the proceeds, as above, duly reviewed by the Audit Committee of the Bank and noted by the Board of Directors, is attached as Annexure I hereto.

The above information is a part of company’s filings submitted to BSE.