Nature of Disclosure: Regulatory filing pursuant to SEBI Listing Regulations 30 and 51 regarding outcome of Board Meeting.

Board Meeting Details: The Board of Directors meeting was held on Wednesday, September 23, 2026, commencing at 02:00 PM and concluding at 05:00 PM.

Key Approval: The Board considered and approved the proposal for raising Tier II Capital through private placement of Unsecured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹500 Crores (Rupees Five Hundred Crores only).

Issuance Structure: The NCDs will be issued in one or more tranches, up to the conclusion of the next Annual General Meeting of the Bank. The instruments are described as Redeemable, Fully Paid Up, Basel II Compliant Lower Tier II subordinated bonds.

Shareholder Authorization: The proposed issuance is within the overall borrowing limit approved by shareholders at the 10th Annual General Meeting held on August 14, 2026.

Business Alignment: The fundraising is in line with the Bank's business plan for the Financial Year 2026-27.

Delegation of Authority: The Board authorized the Management Committee of the Board to determine the terms and conditions of the issue, undertake all necessary actions in connection with the issuance of the NCDs on a private placement basis, and attend to all ancillary matters.

Listing Details: The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform under New Debt Market (NTRP) of the National Stock Exchange of India Limited (NSE) or Wholesale Debt Market of BSE Limited.

Terms to be Determined: Specific details including tenure (date of allotment and maturity), coupon/interest offered, schedule of payment of coupon/interest and principal, charge/security (if any), special rights/interest/privileges attached to the instrument, and details of redemption will be set out under the relevant Transaction Documents to be executed in relation to the Debentures.

Regulatory References: Disclosure made under Regulations 30 and 51 read with Schedule III of SEBI Listing Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Additional Information: The announcement is also available on the Bank's website at https://www.esaf.bank.in/investor-relation/?id=disclosure-to-stock-exchanges.