Outcome of board meeting of IndusInd Bank

Held on 16 April 2015

IndusInd Bank announced that the Board of Directors had, at their meeting held on 16 April 2015 approved the proposal for passing of Special Resolutions by Postal Ballot for seeking consent of the Shareholders of the Bank for:

(a) Alteration to the Memorandum of Association and Articles of Association of the Bank for increasing the Authorised Share Capital of the Bank to Rs. 600 crore divided into 60 crore equity shares of Rs. 10/- each from the existing level of Rs. 550 crore divided into 55 crore equity shares of Rs. 10/- each; and

(b) Augmentation of capital through further issue / private placement of securities.

In the aforesaid meeting, the Board has also approved the following:

(i) Appointment of S. N. Bhandari, Practising Company Secretary or failing him Manisha Maheshwari, Practising Company Secretary, as Scrutinizer for the Postal Ballot;

(ii) Engagement of National Securities Depository (NSDL) for providing e-voting facility to members;

(iii) Authorising Romesh Sobti, Managing Director & CEO and Haresh Gajwani, Company Secretary, as persons designated for conduct of the entire Postal Ballot process.

(iv) Calendar of events for Postal Ballot.

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