CSB Bank Ltd

Committee reconstitution

• Audit Committee reconstituted; Chair: Sharmila Abhay Karve; members: Narasimha Raju, Renu Kohli, Sheetal Rupesh Sancheti; Aug 25, 2026.
• Audit Committee: Narasimha Raju and Kohli are Non-Executive Independent; Sancheti Non-Independent.
• CSR Committee reconstituted; Chair: Pralay Mondal; members: Sumit Maheshwari, Sudhin Choksey, Sharmila Abhay Karve; Aug 25, 2026.
• CSR directorships: Mondal Executive Non-Independent; Maheshwari Non-Executive Non-Independent; Choksey Non-Executive Independent; Karve Non-Executive Independent.

Auditor Appointment

• Shareholders approved M P Chitale & Co as joint statutory auditors for 2026-27 to 2028-29.
• Appointment is subject to RBI approval for each financial year.

AGM details

• Date and time: 21 August 2026 at 11:00 AM; mode: VC/OAVM.
• Remote e-voting window: 17-20 August 2026.
• Shareholders on record: 67,365; public attendees via video: 68.
• CSB ESOS Trust holds 3,540,474 shares with no voting rights.

Resolutions and outcomes

• Adoption of Audited Financial Statements; Ordinary; Passed.
• Re-appointment of retiring director B.K. Divakara; Ordinary; Passed.
• Appointment of Joint Statutory Auditors and fixation of their remuneration; Ordinary; Passed.
• Remuneration for Non-Executive Chairman for 2026-27; Special; Passed.
• Continue material related party transactions with FIH Mauritius Investments Ltd; Ordinary; Passed.
• Continue material related party transactions with FIH Private Investments Ltd; Ordinary; Passed.
• CSB Bank ESOS 2026; Special; Passed.

Voting context and related party notes

• Promoter voting rights capped at 26%; promoter votes limited in results.
• CSB ESOS Trust voting rights not counted; non-promoter voting determines results.

AGM Details

• Date: August 21, 2026; Time: 11:00 a.m. IST.
• Mode: Video Conferencing / Other Audio Visual Means.
• Conclusion: 12:50 p.m. IST.
• Proxies not allowed; voting via e-voting and VC/OAVM.

Key Resolutions & Outcomes

• Item 1 (Ordinary): Adoption of Audited Financial Statements; Passed.
• Item 2 (Ordinary): Re-appointment of retiring director; Passed.
• Item 3 (Ordinary): Appointment of joint statutory auditors and remuneration fixed; Passed.
• Item 4 (Special): Remuneration for Non-Executive Chairman; Passed.
• Item 5 (Ordinary): Continue material related party transactions with promoter entity; Passed.
• Item 6 (Ordinary): Continue material related party transactions with promoter subsidiary; Passed.
• Item 7 (Special): ESOS 2026 scheme approval; Passed.

Dividend

• Dividend: Not proposed or approved.

Voting Patterns & RPT Context

• Promoter voting rights capped at 26%; promoter voted on most items.
• Items 5 and 6 weighted under cap; all resolutions passed with strong support.

Meeting Details

• Date: August 19, 2026
• Type/Mode: One-on-One, in Mumbai
• Event: Analyst/Institutional Investor Meeting
• UPSI sharing: No

Participants

• Investor attendee: Abakkus Investment Managers Pvt Limited (Mumbai)
• Company participants: Not disclosed in filing

Purpose

• Purpose: Investor interaction during analyst/institutional meeting

ESOS corrigendum

• Item 7 proposes ESOS 2026 as a special resolution.
• Corrigendum revises exercise price to equal market price on grant date.
• Other AGM Notice contents remain unchanged.

Rating action and rationale

• Outlook on Basel III Tier II Bonds revised to Stable; rating affirmed at IND A.
• Instrument: Basel III-compliant Tier II Bonds; Regulator SEBI; Size INR 5,000 million.
• Analytical approach: Ind-Ra maintains standalone view of CSB Bank.
• Strengths: adequate capitalisation and Fairfax presence.
• Weaknesses: concentrated geography and weak liability franchise; reliance on bulk deposits.
• Profitability: adequate with stable asset quality; gold loans provide higher yields.
• Liquidity: adequate; ALM comfortable; LCR 109.27% as of Mar-2026.
• Outlook: Stable.
• Change since last rating: Outlook moved from Positive to Stable; rating unchanged at IND A.

ESOS share transfer

• CSB ESOS Trust transferred 6,278 CSB Bank shares to an eligible grantee on Aug 10, 2026.