Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has informed that, as part of the organisational restructuring at the Bank, the Board of Directors have, at their meeting held today, appointed Jaideep Hansraj, currently Managing Director of Kotak Securities (KSL), a wholly-owned subsidiary of the Bank), as Group President - One Kotak of the Bank, for engaging in the collaboration and oversight of subsidiaries of the Bank. In his new role, Hansraj will be a Senior Management Personnel of the Bank. Shripal Shah, currently the Chief Operating Officer of KSL, will take over as the Managing Director of KSL, with effect from the latter of (i) April 1, 2024 or (ii) the date after the receipt of statutory/ regulatory approvals as required. On the said appointment of Shah taking effect, Hansraj will move to the Bank as Group President – One Kotak. The profile of Hansraj is given in Annexure A. The Board Meeting today commenced at 11:00 am (IST) and the discussion and approval of the above matter concluded at 11:10 am (IST). The above information is also being uploaded on the Bank's website at the link: https://www.kotak.com/en/investor-relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations.

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