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13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, Gandhinagar, Gujarat – 382050 India INX Scrip Code: 500082 NSE IFSC Limited Unit No.1201, Brigade International Financial Centre, 12th floor, Block -14, Road 1C, Zone -1, GIFT SEZ, Gandhinagar, Gujarat - 382050 NSE IX Symbol: KMBL 5.478 Dear Sirs, Sub.: Update on Appointment of New Managing Director & CEO of the Bank Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that, based on an application made by the Bank, the Reserve Bank of India (“RBI”) has, vide its letter dated September 30, 2026 (received by the Bank at 5:53 p.m.

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(IST) on September 30, 2026 ), accorded its approval under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Anup Kumar Saha as the new Managing Director & CEO of the Bank, for a period of three years, with effect from January 1, 2027.

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The Board of Directors of the Bank will initiate further steps in due course, to formalize the aforesaid appointment and also seek members’ approval for the same.

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Prior to joining the Bank, Mr. Saha was associated with Bajaj Finance Limited ("BFL") (from October 2017 to January 2026) where he progressively held senior roles, starting as President –Consumer Finance (from October 2017 to March 2019), then as Deputy CEO –Consumer, MSME, Marketing, Operations & Service and Digital platform (from April 2019 to March 2022), as Executive Director (April 202 3–March 2024), Deputy Managing Director (April 2024 –March 2025) and finally, as the Managing Director & CEO (from April 2025 until his resignation in July 2025).

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Earlier in his career, Mr. Saha worked with GE Capital (1999–2003) looking after credit cards, sales and analytics and Bharat Heavy Electricals Limited (1991–1995) in production engineering, following a brief stint in consumer durable sales.

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