Kotak Mahindra Bank CEO Ashok Vaswani Not Seeking Reappointment

Date: June 27, 2026

KMP / Board Changes

• Mr. Ashok Vaswani, Managing Director & CEO of Kotak Mahindra Bank, has informed the Board that he does not wish to seek re-appointment upon completion of his current term.
• The effective date of cessation is December 31, 2026, which marks the completion of his current term.
• The reason provided is personal reasons.
• The Board, at its meeting held on June 27, 2026, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO.
• The process for appointing a new MD & CEO will be completed within applicable regulatory timelines.

Other Operational / Legal / Strategic Disclosures

• This intimation is being made to the stock exchanges (BSE Limited and National Stock Exchange of India Limited) as a regulatory compliance disclosure.
• The information has been made available on the Bank's website at: https://www.kotak.bank.in/en/investor-relations/governance/sebi-listing-disclosures.html