The Bank proposes to utilize the Net Proceeds from the Issue towards augmenting the Bank’s Tier – 1 capital base to
meet the Bank’s future capital requirements. Further, the proceeds from the Issue will also be used towards meeting the
expenses in relation to the Issue.

The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

UFSL is the sole Promoter of the Bank. the Promoter currently holds an aggregate of 1,440,036,800 Equity Shares
(which includes six Equity Shares held by nominees on behalf of UFSL), aggregating to 100% of the pre-Issue issued,
subscribed and paid-up Equity Share capital of the Bank.

Corporate Information

UFSL, the Promoter is a listed company whose equity shares are listed on the Stock Exchanges.

The Promoter was originally incorporated as ‘Ujjivan Financial Services Private Limited’ on December 28, 2004 at
Bengaluru, Karnataka, India as a private limited company under the Companies Act, 1956. Pursuant to a certificate issued by the RBI on October 31, 2005, the Promoter was permitted to commence operations as an NBFC under section 45 IA of the Reserve Bank of India Act, 1934. In Fiscal 2009, UFSL was classified as a systemically important non-deposit accepting NBFC. the Promoter was granted NBFC-MFI status by the RBI on September 5, 2013. Subsequently, the Promoter was converted into a public limited company pursuant to a special resolution passed by its shareholders at the extraordinary general meeting (“EGM”) held on November 3, 2015 and the name of the Promoter was changed to ‘Ujjivan Financial Services Limited’. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the registrar of companies, Bengaluru, Karnataka on November 26, 2015. Subsequently, a fresh certificate of NBFC-MFI registration consequent upon the change of name of the Promoter was issued by the RBI on March 4, 2016. Pursuant to the Business Transfer Agreement, UFSL has sold its business undertaking comprising of the lending and financing business undertaken as an NBFC-MFI and other business activities incidental thereto, to the Bank.

UFSL has converted from an NBFC-MFI to NBFC-Non Deposit taking Systemically Important Core Investment Company and received a fresh certificate of registration dated October 10, 2017 from the RBI. The conversion was done pursuant to the conditions prescribed in the RBI Final Approval dated November 11, 2016. The registered office of UFSL is located at Grape Garden, No. 27, 3rd A Cross, 18th Main, 6th Block, Koramangala, Bengaluru 560 095, Karnataka , India.