3.16. Provisions, Contingent Liabilities and
Contingent Assets

A provision is recognized when the Bank has a
present obligation as a result of past event, it is
probable that an outflow of resources embodying
economic benefits will be required to settle the
obligation and a reliable estimate can be made
of the amount of the obligation. Provisions are
not discounted to their present value and are
determined based on the best estimate required to
settle the obligation at the reporting date. These
estimates are reviewed at each reporting date and
adjusted to reflect the current best estimates.

A contingent liability is a possible obligation that
arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of
one or more uncertain future events beyond the
control of the Bank or a present obligation that
is not recognized because it is not probable that
an outflow of resources will be required to settle
the obligation. A contingent liability also arises
in extremely rare cases where there is a liability
that cannot be recognized because it cannot be
measured reliably. The Bank does not recognize
a contingent liability but discloses its existence in
the financial statements. Contingent assets are
neither recognised nor disclosed in the financial
statements.

3.17. Cash and Cash Equivalents

Cash and cash equivalents comprises of Cash
in Hand and Balances with RBI and Balances
with Banks and Money at Call and Short Notice.
The same item are considered as cash and cash
equivalents in preparation of Cash Flow Statement.

*During the year ended March 31, 2025, the Bank has allotted 49,75,142 (Previous year: 2,43,29,125) equity shares pursuant to
the exercise of options by its employees in accordance with the ESFB ESOP Scheme.

lb) Draw down from Reserves:

The Bank has not drawn down any amount from its opening reserves during the year ended March 31, 2025 and March 31,
2024.

lc) Appropriations to reserve:

(i) Statutory reserve

As mandated by the Banking Regulation Act, 1949, all banking companies incorporated in India shall create a reserve fund,
out of the balance of profit of each year as disclosed in the profit and loss account and before any dividend is declared and
transfer a sum equivalent to not less than twenty five per cent of such profit. The Bank has transferred ' 36.76 Crore (Previous
year '199.74 Crore) to Statutory Reserve for the year.

(ii) Capital Reserve

During the year, the Bank had appropriated ' 12.31 Crore (Previous Year ' 1.15 Crore), net of taxes and transfer to statutory
reserve, to the Capital Reserve, being the gain on sale of HTM Investments in accordance with RBI guidelines.

(iii) Special reserve

As per the provisions under Section 36(1)(viii) of Income Tax Act, 1961, the specified entity is allowed the deduction in respect
of any special reserve created and maintained by it, i.e. an amount not exceeding twenty per cent of the profits derived
from eligible business computed under the head "Profits and gains of business or profession" (before making any deduction
under this clause). This would be applicable till the aggregate of the amounts carried to such reserve account from time to
time exceeds twice the amount of the paid up share capital (excluding the amounts capitalized from reserves) of the entity.
During the year, the Bank has transferred an amount of ' 7.24 Crore (Previous year ' 19.46 Crore) to Special Reserve. There
is no drawdown from this reserve during FY 2024-25 and FY 2023-24.

(iv) Investment Reserve and Revenue Reserve

The Bank has implemented the revised RBI norms for the classification, valuation and operation of investment portfolio,
which became applicable from April 01, 2024. In accordance with the revised RBI norms and the Bank's Board approved
policy, the Bank has classified its investment portfolio as on April 01, 2024 under the categories of held to maturity (HTM),
available for sale (AFS) and fair value through profit and loss (FVTPL) with held for trading (HFT) as a sub- category of FVTPL,
and from that date, measures and values the investment portfolio under the revised framework.

Consequently, the Bank has accounted net transition valuation gain of ' 2.66 Crore (net of tax) in Revenue Reserve, resulting
into net positive impact on networth of the Bank on transition. The Bank has also transferred balance in Investment Reserve
amounting to ' 4.08 Crore on the date of the transition to Revenue Reserve in compliance with these directions.

During the Previous year FY 2023-24, in accordance with Reserve Bank of India guidelines, reversal of excess depreciation on
Investments to the profit and loss account, net off taxes and transfer to Statutory reserve is transferred to investment reserve.
The total amount required to be transferred to the investment reserve in FY 2023-24 is ' 1.78 Crore.

(v) Investment Fluctuation Reserve

During the FY 2024-25, the bank has apportioned ' 20.00 Crore (Previous year: ' 127.50 Crore) to Investment Fluctuation
Reserve, based on the value of investments in FVTPL (including HFT) and AFS category, to protect against future increase in
yield, in accordance with RBI guidelines.

(vi) Declaration of Dividends

The Board of Directors at their meeting held on April 30, 2025 has not recommended any dividend for the Financial Year
2024-25.

During the year, the Bank paid a dividend of ' 1.00 per equity share amounting to ' 113.67 Crore pertaining to the year
ended March 31, 2024, which has been considered as an appropriation from the Profit and Loss Account during the year.

The Liquidity Coverage Ratio (LCR) is a global minimum standard for Bank liquidity. It aims to ensure that a Bank has a adequate
stock of unencumbered high-quality liquid assets (HQLA) that can be converted into cash immediately to meet its liquidity needs
for a 30 calendar day time horizon under stress scenario.

The LCR is calculated by dividing the amount of high quality liquid unencumbered assets (HQLA) by the estimated net outflows over
30 calendar day period. The net cash outflows are calculated by applying RBI prescribed outflow factors to the various categories
of liabilities (deposits, unsecured and secured wholesale borrowings), as well as to undrawn commitments and derivatives-related
exposures, after netting for cash inflows from assets maturing within 30 days.

Liquidity management of the Bank is undertaken by the Treasury department under the supervision of the Asset Liability
Management Committee (ALCO) in accordance with the Board approved policies and ALCO approved funding plans.

The mandated regulatory threshold with appropriate cushion to ensure maintenance of adequate liquidity buffers is as per the
Board approved ALM policy of the Bank. Risk Management Department computes the LCR and monitors the same as per the
operating guidelines for small finance banks. The Bank has been submitting LCR reports to RBI since December 2016.

Currently, the Liquidity Coverage Ratio is significantly higher than minimum regulatory threshold. As a part of its liquidity
management strategy, the Bank invests in Level I assets thus ensuring comfortable level of HQLA at all times to address any kind
of liquidity stress. The Bank follows the criteria laid down by the RBI for the calculation of High Quality Liquid Assets (HQLA), gross
outflows and inflows within the next 30-days period. HQLA predominantly comprises of Government securities viz. Treasury Bills,
Central and State Government securities.

The Bank is primarily funded through long term borrowings viz. Refinances & Customer Deposits. The Risk Management
Department measures and monitors the liquidity profile of the Bank with reference to the Board approved limits on a static as
well as on a dynamic basis supplemented by monitoring of key liquidity parameters. The Bank assesses the impact on short term
liquidity covering business projections under normal as well as varying market conditions. The LCR reports along with projections
are placed before the Bank's ALCO for periodic review and guidance of the committee.

Liquidity management of the Bank is undertaken by the Treasury department under the supervision of the Asset Liability
Management Committee (ALCO) in accordance with the Board approved policies and ALCO approved funding plans.

The mandated regulatory threshold with appropriate cushion to ensure maintenance of adequate liquidity buffers is as per the
Board approved ALM policy of the Bank. Risk Management Department computes the LCR and monitors the same as per the
operating guidelines for small finance banks. The Bank has been submitting LCR reports to RBI since December 2016.

Currently, the Liquidity Coverage Ratio is significantly higher than minimum regulatory threshold. As a part of its liquidity
management strategy, the Bank invests in Level I assets thus ensuring comfortable level of HQLA at all times to address any kind
of liquidity stress. The Bank follows the criteria laid down by the RBI for the calculation of High Quality Liquid Assets (HQLA), gross
outflows and inflows within the next 30-days period. HQLA predominantly comprises of Government securities viz. Treasury Bills,
Central and State Government securities.

The Bank is primarily funded through long term borrowings viz. Refinances & Customer Deposits. The Risk Management
Department measures and monitors the liquidity profile of the Bank with reference to the Board approved limits on a static as
well as on a dynamic basis supplemented by monitoring of key liquidity parameters. The Bank assesses the impact on short term
liquidity covering business projections under normal as well as varying market conditions. The LCR reports along with projections
are placed before the Bank's ALCO for periodic review and guidance of the committee.

The objective of NSFR is to ensure that the Bank maintains a stable funding profile in relation to the composition of its assets and
off-balance sheet activities. A sustainable funding structure is intended to reduce the probability of erosion of the Bank's liquidity
position due to disruptions in the Bank's regular sources of funding that would increase the risk of its failure and potentially lead
to broader systemic stress. The NSFR limits the Bank's overreliance on short-term wholesale funding, thus encouraging better
assessment of funding risk across all on- and off-balance sheet items while promoting funding stability.

The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding. "Available stable
funding" (ASF) is defined as the portion of capital and liabilities expected to be reliable over the time horizon considered by the
NSFR, which extends to one year. The amount of stable funding required ("Required stable funding") (RSF) of a Bank is a function
of the liquidity characteristics and residual maturities of its on-and off balance sheet exposures.

Liquidity management of the Bank is undertaken by the Treasury department under the supervision of the Asset Liability Management
Committee (ALCO) in accordance with the Board approved policies and ALCO approved funding plans. The mandated regulatory
threshold with appropriate cushion to ensure maintenance of adequate liquidity buffers is as per the Board approved ALM policy
of the Bank. Risk Management Department computes the NSFR and monitors the same as per the operating guidelines for small
finance banks. The Bank has been submitting NSFR reports to RBI since December 2021. Currently, the Net Stable Funding Ratio
is at a comfortable level well above the prescribed regulatory limit of 100%. The NSFR reports are placed before the Bank's ALCO
for periodic review and guidance of the committee.

The objective of NSFR is to ensure that the Bank maintains a stable funding profile in relation to the composition of its assets and
off-balance sheet activities. A sustainable funding structure is intended to reduce the probability of erosion of the Bank's liquidity
position due to disruptions in the Bank's regular sources of funding that would increase the risk of its failure and potentially lead
to broader systemic stress. The NSFR limits the Bank's overreliance on short-term wholesale funding, thus encouraging better
assessment of funding risk across all on- and off-balance sheet items while promoting funding stability.

The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding. "Available stable
funding" (ASF) is defined as the portion of capital and liabilities expected to be reliable over the time horizon considered by the
NSFR, which extends to one year. The amount of stable funding required ("Required stable funding") (RSF) of a Bank is a function
of the liquidity characteristics and residual maturities of its on-and off balance sheet exposures.

Liquidity management of the Bank is undertaken by the Treasury department under the supervision of the Asset Liability Management
Committee (ALCO) in accordance with the Board approved policies and ALCO approved funding plans. The mandated regulatory
threshold with appropriate cushion to ensure maintenance of adequate liquidity buffers is as per the Board approved ALM policy
of the Bank. Risk Management Department computes the NSFR and monitors the same as per the operating guidelines for small
finance banks. The Bank has been submitting NSFR reports to RBI since December 2021. Currently, the Net Stable Funding Ratio
is at a comfortable level well above the prescribed regulatory limit of 100%. The NSFR reports are placed before the Bank's ALCO
for periodic review and guidance of the committee.

In accordance with the RBI guidelines, Banks are required to make consolidated pillar III and Net Stable Funding Ratio (NSFR)
disclosures under the Basel III Framework. These disclosures are available on the Bank's website at the following link: https://
ir.equitasbank.com/reports-and-presentations/. These disclosures are not subjected to audit by the Statutory auditors of the Bank.

**Personal loans includes Housing Loans, Loan Against Property and Loan Against Gold

The Bank has compiled and furnished the data for the purpose of this disclosure from its internal MIS system/reports.

c) Overseas assets, NPAs and revenue

The Bank does not have any overseas branches and hence the disclosure regarding overseas assets, NPAs and revenue is not
applicable (Previous Year: Nil).

d) Particulars of resolution plan and restructuring

The Bank has not done any restructuring of advances under "Prudential Framework for Resolution of Stressed Assets" issued
vide circular DBR.No.BPBC.45/21.04.048/2018-19 dated June 7, 2019.

e) Divergence in asset classification and provisioning

No disclosure on divergence in asset classification and provisioning for NPAs is required with respect to RBI's supervisory
process for the year ended 31st March 2025 and 31st March 2024, based on the conditions mentioned in RBI circular No.
DOR. ACC.REC.No.74/21.04.018/2022-23 dated 11th October 2022.

Exposure represents the higher of the sanctioned or outstanding to Real estate sector.

"Includes exposure to Home Loans as well as Loan Against Property (incl Residential mortgages), other than those classified under
CRE-RH; inclusive of IBPC exposure as on March 31, 2025: "Nil" (Previous year: ' 500 crore)

**Commercial Real estate exposure classification is based on RBI circular DBOD.BP.BC.No. 42/08.12.015/2009-10 dated September
9, 2009 and includes. a) Exposure to Real Estate Builders/ Developers and b) Exposures where the primary source of cash flow,
i.e. more than 50% of cash flows, for repayment/recovery is from lease or rental payments and such assets are taken as security.

$Indirect exposure includes a) Non-SLR investment in HFCs & b) Loan to HFCs

#Priority sector loans excludes Securitized assets, if any, and IBPC and PSLCs

12 Disclosure of penalties imposed by the Reserve Bank of India

During the year ended March 31, 2025, RBI has imposed penalty of ' 65 lakhs on the Bank for non-compliance as under:

a) The Bank levied foreclosure charges in 479 floating rate term loans sanctioned to individual borrowers for purposes
other than business in non-compliance with RBI Directions on prohibiting levy of Foreclosure Charges/Pre-payment
Penalty on Floating Rate Term Loans to individuals for non-business purposes and

b) The Bank obtained collateral security for 2,027 agricultural loans upto ' 1.6 lakhs in non-compliance with RBI Circular on
'Credit Flow to Agriculture - Collateral free agricultural loans' prohibiting Banks from obtaining collateral for agricultural
loans upto '1.6 lakhs.

(Previous year: Nil)

13 Disclosure on remuneration

a) Qualitative disclosures

(a) Information relating to the composition and mandate of the Nomination and Remuneration Committee.

The Nomination and Remuneration Committee is chaired by an Independent Director and comprises of four (4) other
Independent Directors. The functions of the committee include: recommendation of appointment of Directors to
the Board, evaluation of performance of the Directors, approval of the policy for remuneration payable to Directors,
employees, including senior management and key management personnel, framing guidelines for the Employee Stock
Option Scheme (ESOP Scheme) and deciding on the grant of stock options to the employees and Whole Time Director/s
of the Bank.

(b) Information relating to the design and structure of remuneration processes and the key features and
objectives of remuneration policy:

Remuneration Policy of the Bank covers remuneration payable for directors and employees of the Bank and all aspects
of the compensation structure such as fixed pay, perquisites, bonus, guaranteed pay, severance package, stock, pension
plan and gratuity.

The Bank believes in a sound compensation practice that ensures effective governance of compensation, alignment of
compensation with prudent risk taking and effective supervisory oversight and stakeholder engagement. This policy is
framed in accordance with the guidelines laid down by Reserve Bank of India (RBI) vide their Circular Reference no DOR.
Appt. BC. No. 23/ 29.67.001/ 2019-20 dated November 4, 2019

The remuneration payable to Managing Director ("MD")/Chief Executive Officer ("CEO") and Executive Director ("ED")
shall be based on the scope and responsibility that goes with such positions, shall be comparable to the compensation
of similar profiles in similar organizations and would be performance linked. From time to time, the NRC may fix a
maximum ceiling on the fixed/variable component of compensation, subject to the approval of Reserve Bank of India
and shareholders.

The Non-Executive Directors ("NED") including Independent Directors of the Bank shall be paid remuneration as a
percentage of the net profits of the Bank for the financial year as may be fixed by the Board from time to time,
calculated as per the provisions of the Companies Act, 2013 and subject to the limits fixed by the Reserve Bank of India,
from time to time.

Further, within the above ceiling, the remuneration payable to the Chairman of the Board shall be two times the amount
payable to other Non-Executive Directors and Independent Directors and further subject to approval of RBI and the
remuneration payable to the Chairman of the Audit Committee shall be 1.5 times the amount payable to other Non¬
Executive Directors and Independent Directors.

NEDs are to be paid sitting fee for each meeting of the Board/ Committees of the Board attended by them, as may
be approved by the Board pursuant to provisions of Section 197 of the Companies Act, 2013 read with Section 35B
(1) of the Banking Regulation Act 1949. NEDs including Independent Directors shall be reimbursed any out of pocket
expenses incurred by them while performing duties for the Bank.

For the other categories of staff, the compensation is structured taking into account all relevant factors such as the level
of the position, roles and responsibilities and the prevailing compensation structure in the industry for the similar role.

(c) Description of the ways in which current and future risks are taken into account in the remuneration
processes.

The Board of Directors through the Nomination and Remuneration Committee ("NRC") is responsible for formulating
and making the necessary amendments to the Remuneration Policy for the Directors, Key Managerial Persons ("KMP")
and Senior Executives of the Bank from time to time. The NRC considers different aspects like risk-return alignment, cost
to income ratio and the like in framing the remuneration policy and practice.

Performance parameters specified for the MD/ CEO also includes risk and control considerations such as Asset quality,
implementation of guidelines on Compliance Risk Assessment, reviewing and enhancing controls of the operating risk
processes of the Bank, enhancing the efficacy of the process & Quality Assurance Department.

The variable remuneration payable to MD/CEO & other Material Risk Takers are subject to malus and clawback clauses
to address issues such as losses in subsequent years due to acts in a given performance year, gross negligence, serious
lapses in credit underwriting process, serious violations in AML/KYC, frauds and misconducts.

Further, the KRA's for Senior Executives of the Bank are clearly defined with adequate weightage given to Risk,
Compliance, Credit & Asset Quality to ensure risks are assessed and mitigated. KRA's of Executives working in control
functions like Risk & Compliance are defined independently and no weightage is given for achievement of business
parameters/ targets to ensure independent evaluation.

(d) Description of the ways in which the Bank seeks to link performance during a performance measurement
period with levels of remuneration

The Bank follows Annual Performance Review (12 months period) to link performance. Remuneration is fixed based on
the grade and merit rating for all the employees. Individual performances are assessed in line with business or deliveries
of the Key Result Areas (KRA), top priorities of business, budgets, risk alignment etc. The Performance Appraisal system
assigns a rating based on the achievement or otherwise of the KRAs. The change in remuneration is largely dependent
on the rating assigned.

(e) A discussion of the Bank's policy on deferral and vesting of variable remuneration and a discussion of the
Bank's policy and criteria for adjusting deferred remuneration before vesting and after vesting.

The Bank has ensured the remuneration for Material Risk Takers in line with the RBI circular dated November 4, 2019.
Accordingly, the variable pay of identified MRTs is determined between 100% to 300% of fixed pay. This variable
pay is further divided into cash and ESOPs. Both the cash and ESOPs of the said MRTs is to be deferred over a period
of three year in line with the risk taken and as per relevant RBI approval received from time to time. Each such MRT
has performance measures aligned to risk measures and the vesting of variable pay is also pro-rated till the end of the
deferral period.

(f) Description of the different forms of variable remuneration (i.e. cash, shares, ESOPs and other forms) that
the Bank utilizes and the rationale for using these different forms.

Employees of the Bank are eligible for variable pay in terms of both cash and ESOPs. At field level the variable pay is
linked to defined performance targets. Other roles may be given variable pay based on their performance ratings. The
variable pay amount varies depending on both the role of the individual as well as his/her performance levels. For Senior
Executives of the Bank due consideration is also given to the overall performance of the Bank & respective Division/
Function apart from individual performance ratings.

Employees above defined grade are eligible for Employee Stock Options issued by the Bank as determined by the
Nomination and Remuneration Committee of the Bank. These options are granted annually based on performance
ratings and role of the individual. Junior employees in cases of consistent exemplary performance are also granted
options being part of High Achievers Club.

I n very select instances, employees are offered options over a four year period, with a quarter of the options vesting
every year. The vesting of the options are dependent on continuity and performance of the said individual.

A variable component may also be made available for specific employees as agreed and included as a part of their
respective compensation structure. Variable pay for MRTs have been explained in (e) earlier.

As on the reporting date, the Bank does not have any form of variable remuneration other than as stated above. Thus,
the various types of Variable Pay is aligned over both Short and Long term periods.

g) Implementation of IFRS converged Indian Accounting Standards (Ind AS)

In January 2016, the Ministry of Corporate Affairs issued the roadmap for implementation of new Indian Accounting Standards
(Ind AS), converged with International Financial Reporting Standards (IFRS), for scheduled commercial Banks, insurance companies
and non-banking financial companies (NBFCs). However, currently the implementation of Ind AS for Banks has been deferred by
RBI till further notice pending the consideration of some recommended legislative amendments by the Government of India. The
Bank is in an advanced stage of preparedness for implementation of Ind AS, as and when these are made applicable to the Indian
Banks

As required by the RBI guidelines, the accounts of the Bank are converted into Ind AS format and submitted to the RBI at periodic
intervals. The Bank carries out the Expected Loss provisioning using Probability of Default (PD) and Loss given Default (LGD) by
considering historical data for the purpose of Ind AS pro-forma reporting and product pricing. The Bank has put in a place a
comprehensive Expected Credit Loss Framework.

l) Description of Contingent liabilities

i. Claims against the Bank not acknowledged as debts:

Claims against the Bank not acknowledged as debts includes liability on account of Service tax, Goods and Service Tax and Income
Tax. The Bank is a party to various legal proceedings in the ordinary course of business which are contested by the Bank and are
therefore subjudice. The Bank does not expect the outcome of these proceedings to have a material adverse impact on the Bank's
financial position.

ii. Guarantees given on behalf of constituents:

As a part of Banking activities, the Bank issues Letter of Guarantees on behalf of its customers, with a view to augment the
customer's credit standing. Through these instruments, the Bank undertakes to make payments for its customers obligations
either directly or in case the customer fails to fulfill their financial or performance obligations.

iii. Other items for which the Bank is contingently liable:

These include:

a) Capital commitments

b) Amount transferred to the RBI under the Depositor Education and Awareness Fund (DEAF)

c) Investment purchases pending settlement

d) Credit enhancements provided by the Bank towards securitisation

m) Dues to Micro and Small Enterprises

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of
information collected by the Management. Based on the information available with the Bank, there are no overdue amounts
payable to Micro and Small Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006 as
at the Balance Sheet date. Further, the Bank has not paid any interest to any Micro and Small Enterprises during the current and
previous year.

*Amount pertains to Provision for Leave encashment ' 41.51 Crore (Previous year: ' 28.21 Crore), Provision for Gratuity ' 3.91
Crore (Previous year: ' 6.61 Crore) and Provision for Bonus and Others ' 7.96 Crore (Previous year: ' 7.29 Crore).

21 Employees Stock Option Scheme

a) Change in Accounting Policy:

The Bank was following the intrinsic value method to account for its stock based employee compensation plans (Employees other
than WTD/CEO/MRTs) and fair value method stock options using Black-Scholes model for all the options granted after March 31,
2021 to WTD/CEO/MRTs as required under RBI circular.

The Bank, having regard to the RBI advisory, had changed the accounting policy from intrinsic value method to fair value method
for all employee stock options granted after March 31, 2021 and consequently recognised fair value of options estimated using
Black-Scholes model, as compensation expense over the vesting period.

As a result, the Bank had additionally provided ' 29.21 Crore on March 31,2024 as employee stock options expenses and included
under operating expenses (employees cost).

b) ESFB ESOP 2019

During the year ended March 31, 2020, the bank established a employee stock option scheme titled ESFB Employees Stock
Option Scheme, 2019 (ESFB ESOP 2019) effective from November 22, 2019. Under the plan, the Bank was authorized to issue
upto 11,00,00,000 options (including 3,34,87,873 options under Grant 1 issued as a replacement option for the Scheme under
the Holding Company) to eligible employees of the Bank and the erstwhile Holding Company. Each option entitles for apply and
allotment of one fully paid share on payment of exercise price during the exercise period.

As on March 31, 2025, 2,77,90,401 (previous year 2,83,40,185) (net of forfeitures and cancellation) options were outstanding,
which were granted at various exercise prices. The following are the outstanding options as on March 31, 2025.

Volatility

Volatility is a measure of the amount by which a price has fluctuated or is expected to fluctuate during a period. The measure of
volatility used in the Black -Scholes option pricing model is the annualized standard deviation of the continuously compounded
rates of return on the stock over a period of time.

d) Dividend Yield

Expected dividend yield has been calculated based on the dividend declared for 1 financial year prior to the date of grant. The
dividend yield has been derived by dividing the dividend per share by the market price per share on the date of grant.

22 Prior period comparatives

Prior period comparatives have been reclassified/regrouped by the management, wherever necessary.

As per our report of even date

For ASA & Associates LLP, For Equitas Small Finance Bank Limited

Chartered Accountants

Firm Registration No.: 009571N/N500006

G N Ramaswami Anil Kumar Sharma Vasudevan PN Balaji Nuthalapadi

Partner Part time Chairman and Managing Director and Executive Director

Membership No: 202363 Independent Director Chief Executive Officer DIN:08198456

Place: Chennai DIN:08537123 DIN:01550885 Place: Chennai

Date: April 30, 2025 Place: Chennai Place: Chennai Date: April 30, 2025

Date: April 30, 2025 Date: April 30, 2025

For Suri & Co,

Chartered Accountants
Firm Registration No.: 004283S

Sanjeev Aditya M N Sridharan Ramanathan N

Partner Chief Financial Officer Company Secretary

Membership No: 229694 M.No:28366

Place: Mumbai Place: Chennai Place: Chennai

Date: April 30, 2025 Date: April 30, 2025 Date: April 30, 2025