IndusInd Bank: Catalyst Trusteeship Limited Releases Pledge on 5.98 Crore Shares

IndusInd Bank has witnessed a significant corporate action with Catalyst Trusteeship Limited releasing its pledge on a substantial portion of the bank's equity shares. The transaction, completed on March 27, 2026, involved the release of 5,97,63,552 equity shares representing 7.67% of the bank's total share capital.

Transaction Details

Catalyst Trusteeship Limited acted in its capacity as the onshore security agent for lenders under a facility agreement with IndusInd Bank Limited. The company released its encumbrance on the pledged shares, effectively reducing its stake from 7.67% to nil.

Parameter Before Release After Release Shares Encumbered 5,97,63,552 NIL Percentage of Total Capital 7.67% NIL Voting Rights NIL NIL Convertible Securities NIL NIL

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited confirmed that it does not belong to the promoter or promoter group of IndusInd Bank Limited.

Share Capital Structure

IndusInd Bank's equity structure remained unchanged following the pledge release. The bank maintains its total paid-up equity capital at 77,90,75,972 shares of INR 1 each, as per the shareholding pattern published for the quarter ended September 30, 2025.

Capital Details Shares Total Paid-up Equity Shares 77,90,75,972 Face Value per Share INR 1 Listing Exchanges BSE Limited, NSE

Corporate Action Impact

The pledge release represents a complete divestment of Catalyst Trusteeship's encumbered position in IndusInd Bank. The transaction involved no acquisition or sale of voting rights, warrants, or convertible securities. The release was executed as part of the trustee's fiduciary responsibilities under the facility agreement.

The disclosure was signed by Deesha Srikanth, Senior Vice President at Catalyst Trusteeship Limited, confirming the completion of all regulatory requirements associated with the share release transaction.

IndusInd Bank Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of Mr. Arijit Basu as Non-Executive Independent Director and Part-time Chairman. The special resolution was passed on March 27, 2026, marking a significant milestone in the bank's leadership structure.

Overwhelming Shareholder Support

The postal ballot results demonstrate exceptional shareholder confidence in the proposed appointment. Out of 582,615,384 votes polled, an impressive 580,749,128 votes were cast in favor of the resolution, representing 99.68% approval. Only 1,866,256 votes were cast against the proposal, accounting for merely 0.32% of the total votes.

Voting Results: Details Total Votes Polled: 582,615,384 Votes in Favor: 580,749,128 (99.68%) Votes Against: 1,866,256 (0.32%) Member Participation: 2,347 members Polling Percentage: 74.78% of outstanding shares

Category-wise Voting Pattern

The voting results across different shareholder categories revealed unanimous support from the promoter group and strong backing from institutional and retail investors. The promoter and promoter group, holding 117,516,010 shares, voted 100% in favor of the resolution with complete participation.

Shareholder Category: Shares Held Votes Polled Polling % In Favor % Promoter Group: 117,516,010 117,516,010 100.00% 100.00% Public Institutions: 497,108,578 434,432,654 87.39% 99.57% Public Non-Institutions: 164,451,504 30,666,720 18.65% 99.94%

Remote E-voting Process Details

The postal ballot was conducted entirely through remote e-voting facilitated by National Securities Depository Limited. The voting period commenced at 9:00 AM on February 26, 2026, and concluded at 5:00 PM on March 27, 2026. The process was conducted in compliance with the Companies Act, 2013, and SEBI regulations, with February 20, 2026, set as the cut-off date for determining voting eligibility.

Leadership Transition

Mr. Arijit Basu, bearing Director Identification Number 06907779, will assume the role of Non-Executive Independent Director and Part-time Chairman of the bank. The appointment represents a strategic leadership decision that has garnered widespread shareholder approval across all investor categories.

Regulatory Compliance

The postal ballot process was overseen by scrutinizer Alwyn D'Souza of M/s. Alwyn Jay & Co., Company Secretaries, Mumbai. The bank fulfilled all regulatory requirements under the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The postal ballot notice was dispatched electronically to members on February 24, 2026, with advertisements published in Financial Express and Loksatta newspapers on February 25, 2026.

The successful completion of this postal ballot process with such overwhelming support reflects strong shareholder confidence in IndusInd Bank's governance and strategic direction under the new leadership appointment.

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