Equitas Small Finance Bank Limited disclosed the outcome of its Board of Directors meeting held on September 16, 2026. The meeting commenced at 11:00 hours and concluded at 11:45 hours.

The Board approved the raising of capital through the issuance of Non-Convertible Debentures (NCDs). Specifically, the approval covers:

  • Issuance of up to 50,000 (Fifty Thousand) Non-Convertible Debentures
  • Face value of ₹1,00,000 (Rupees One Lakh) each
  • Aggregate nominal value of up to ₹500,00,00,000 (Rupees Five Hundred Crores only)
  • Single series issuance
  • Characteristics: Rated, Listed, Unsecured, Subordinated, Transferable, Redeemable, Fully Paid Up, Lower Tier II Non-Convertible Debentures
  • To be categorized as Lower Tier II Capital in compliance with Basel II framework on Capital Adequacy
  • Issuance in dematerialized form
  • Method: Private placement basis

Additional Details from Annexure

  • Type of Instrument: Lower Tier II Non-Convertible Debentures
  • Type of Issuance: Private placement to one or more prospective eligible investors
  • Total Amount: ₹500,00,00,000 (Rupees Five Hundred Crores only)
  • Listing: Proposed to be listed on BSE Limited
  • Tenure: To be approved by the Board of Directors (date of allotment and date of maturity not specified)
  • Coupon/Interest: To be approved by the Board of Directors (schedule of payment not specified)
  • Security: Unsecured (no charge/security created over assets)
  • Special Rights: No special rights/interest/privileges attached to the instrument
  • Default History: Not applicable for delay in payment or default questions
  • Redemption Details: Not applicable

The disclosure is made pursuant to Regulation 30 (read with Part A of Schedule III) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The information was digitally signed by N. Ramanathan, Company Secretary, and will be available on the Bank's website at www.equitas.bank.in.