IOB : SEBI APPROVES ESPS ISSUE OF 10 CRORE SHARES FOR MPS COMPLIANCE

• SEBI letter dated 19.10.2026 approves issuance of up to 10,00,00,000 (10 Cr) fresh equity shares directly to eligible bank employees under an ESPS • Route taken is ESPS under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, a permissible mode for meeting Minimum Public Shareholding norms under Rule 19A of SCRR, 1957 • Approval is specific to the present case and shall not be treated as a precedent • Issuance subject to compliance with SBEB Regulations and other applicable regulatory requirements • Bank disclosed the approval to BSE (532388) and NSE (IOB) under Regulation 30 of LODR

Indian Overseas Bank

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