YES BANK LTD.

Yes Bank has announced the appointment of M/s. MSKA & Associates LLP as a Joint Statutory Auditor for the financial year 2026-27, subject to shareholder approval. This appointment is in place of M/s. G. M. Kapadia & Co., who will rotate out as per RBI guidelines. M/s. CNK & Associates LLP will continue as Joint Statutory Auditors for their third year. The Reserve Bank of India has approved these appointments. MSKA & Associates LLP, established in 1978, has offices across 15 Indian cities and specializes in Audit & Assurance, and Taxation & Accounting Advisory.

Yes Bank has received an Order-in-Appeal from the Maharashtra GST department confirming a demand of Rs. 63,26,98,888/- (approximately ₹63.27 crore) including penalty for the period July 2017 to June 2018. This order, passed under Section 107(11) of the CGST Act, 2017, confirms the demand previously raised in the Order-in-Original. The bank stated that no new or additional demand has been created. Yes Bank believes it has strong grounds to contest the order and plans to file an appeal within the prescribed timelines. The bank does not anticipate any material impact on its financial or operational activities.

Yes Bank Ltd. announced the resignation of Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU. Mr. Rajan's resignation, tendered on April 09, 2026, due to a better profile, was effective May 31, 2026. This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

YES Bank Ltd reports that its subsidiary, YES Securities (India) Limited, received an order from the National Stock Exchange of India Limited on May 26, 2026, imposing a monetary penalty of ₹1 lakh for passing on upfront/peak margin penalties to clients. Additionally, YES Securities is prohibited from onboarding new clients for three months and faces another ₹1 lakh penalty. YES Securities is taking corrective actions. YES Bank states that this has no material impact on its financials or operations.

Yes Bank Ltd. announced the resignation of Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU, effective May 31, 2026. Mr. Rajan's resignation was tendered on April 09, 2026, citing a better profile opportunity. The bank has posted the information on its website as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Axis Trustee Services Ltd, acting as the onshore security agent for lenders to Verventa Holdings Ltd, has invoked Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding a pledge of 2,664,580,360 shares (8.49% of issued capital) of Yes Bank. The shares are pledged as security for a facility agreement dated 15 April 2026. Axis Trustee Services clarifies they do not hold any beneficial interest in the shares.

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.80 Lakh on Yes Bank Limited for failing to implement a system of using KYC Identifiers assigned by the Central KYC Records Registry for establishing account-based relationships with customers. The penalty was imposed under sections 47A(1)(c) and 46(4)(i) of the Banking Regulation Act, 1949. Yes Bank has acknowledged the penalty and is hosting related information on its website.

Yes Bank Limited has been assigned an Environmental, Social and Governance (ESG) Score of '70' by SEBI registered ESG Rating Provider, ESG Risk Assessments and Insights Limited. The bank clarified that it had not engaged the ERP for this rating, and the score was assigned independently based on publicly available information. This intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

DB Trustees (Hong Kong) Ltd, acting as an offshore security agent for lenders, has disclosed the creation of an indirect encumbrance on 2,664,580,360 equity shares of Yes Bank Limited. These shares, constituting 8.49% of Yes Bank's issued and paid-up share capital, are held by Verventa Holdings Ltd (VHL). The encumbrance was created by VHL's parent company, Verventa Midco Limited, in favor of DB Trustees (Hong Kong) Limited, effective April 17, 2026, as security for a facility agreement between VHL and certain lenders. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Before this, DB Trustees and its Persons Acting in Concert (PACs) held 0.04% voting rights, which increased to 8.53% after including the encumbered shares.

Deutsche Bank AG, Hong Kong Branch, and DB Trustees (Hong Kong) Limited, acting as agents for certain lenders, disclosed an encumbrance on 2,664,580,360 equity shares of Yes Bank Limited, constituting 8.49% of the issued and paid-up share capital and 8.39% of the total diluted share/voting capital. This action is pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance was created on April 20, 2026, in connection with a loan facility availed by Verventa Holdings Ltd from certain lenders, including Deutsche Bank Aktiengesellschaft, Nomura Singapore Limited, and Citibank N.A., London Branch.