KOTAK MAHINDRA BANK : AMALGAMATION WITH SUBSIDIARY APPROVED

• Scheme of Amalgamation of Kotak Mahindra Investments Limited (KMIL) with Kotak Alternate Asset Managers Limited (KAAML) approved by the Board. • Both KMIL and KAAML are wholly-owned subsidiaries of Kotak Mahindra Bank. • Scheme is subject to statutory and regulatory approvals. • Details of net worth and revenue for KMIL (₹4,156 Cr, ₹1,383 Cr) and KAAML (₹1,481 Cr, ₹837 Cr) as of March 31, 2026, are provided. • KAAML will issue equity shares to KMIL shareholders in a 7:6 ratio.

Kotak Mahindra Bank Limited

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