Bank of Baroda Auditor Change Due to Capacity Constraints

Date: September 29, 2026

KMP / Board / Auditor Changes

M/s Batliboi & Purohit, Chartered Accountants, one of the Statutory Central Auditors (SCAs) of the Bank, expressed their inability to continue to undertake limited review of the financial results of the Bank for the quarter and half year ending September 30, 2026.

Reason for change: Regulatory capacity constraints arising from acceptance of another statutory audit engagement by the said auditor.

Effective date: September 28, 2026 (Audit Committee approval date)

The Audit Committee of the Board of the Bank has approved carrying out of the Limited Review by the remaining Statutory Central Auditors (SCAs):

• M/s Shah Gupta & Co, Chartered Accountants
• M/s V Sankar & Aiyar & Co, Chartered Accountants
• M/s Ravi Rajan & Co LLP, Chartered Accountants
• M/s Gokhale & Sathe LLP, Chartered Accountants

The change is purely on account of applicable regulatory requirements relating to maximum permissible number of audit assignments of the SCAs and not a resignation nor on account of any disagreement with, or any adverse matter relating to, the outgoing Statutory Central Auditor.