Interim report
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November 03, 2026 BSE Limited Scrip Code: 543942, 975790, 959644, 976203, 978213 National Stock Exchange of India Limited Symbol: UTKARSHBNK Dear Sir/Madam, Sub: Outcome of the Board Meeting held today i.e. Tuesday, November 03, 2026 Pursuant to Regulations 30, 33, 51, 52 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we hereby inform that based on the recommendation of Audit Committee, the Board of Directors of Bank at its meeting held today has inter-alia, considered and approved the Unaudited Financial Results for the quarter and half year ended September 30, 2026 (“Financial Results”). A copy of the said Financial Results, along with the Limited Review Report issued by the Statutory Joint Auditor of the Bank, is enclosed herewith. As on September 30, 2026, the Bank has no outstanding secured listed non-convertible debt securities and accordingly, the disclosure of extent and nature of security as required under regulation 54 of the SEBI Listing Regulations is not applicable. The Board meeting commenced at 02:00 p.m. (IST) and concluded at 07:30 p.m. (IST). This disclosure is also available on the website of the Bank i.e. www.utkarsh.bank.in. This is for your information and records. Thanking you, Yours faithfully, For Utkarsh Small Finance Bank Limited Muthiah Ganapathy Company Secretary & Compliance Officer Encl:. As above
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M M NISSIM & CO LLP Chartered Accountants C-2 First Floor, Sector 2, Noida - 201301 KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Level 19, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai ~ 400013 Independent Auditors' Review Report on unaudited financial results for the quarter and half year ended 30 September 2026 of Utkarsh Small Finance Bank Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Utkarsh Small Finance Bank Limited 1. We have reviewed the accompanying statement of unaudited financial results of Utkarsh Small Finance Bank Limited ('the Bank') for the quarter and half year ended 30 September 2026 ('the Statemene), being submitted by the Bank pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). We have initialled the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Board of Directors of the Bank, has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard 25 'Interim Financial Reporting'('AS 25'), prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, in so far as they apply to Banks , the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank oflndia (the 'RBI') from time to time (the ' RBI Guidelines') and other accounting principles generally accepted in India, and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagements ('SRE') 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Page 1 of 2
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M M NISSIM & CO LLP Chartered Accountants KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder, the RBI Guidelines and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters. For M M NISSIM & CO LLP Chartered Accountants Firm Registration Number: 107122W/W100672 ✓ -'\ t ·, - \;.. ' ~{{\.'"- _.,.----- Navin Kumar Jain , Partner ICAI Membership No.: 090847 UDIN: 26090847WDMPJM4394 Place: Mumbai Date: 03 November 2026 For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/W100621 Partner ICAI Membership No.: 117348 UDIN: 26117348TTMVNU9179 Place: Mumbai Date: 03 November 2026 Page 2 of2
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Utkarsh Small Finance Bank Limited CIN, L65992 UP2016PLC0S2804 Registered office address: Utkarsh Tower, NH-31 (Airport Road), Sehma lpur , Kazi Sarn i, Harhua, Varanasi, Uttar Pradesh, PIN -221105 Statement of unaudited Financi al Results fo1· the quarter and half year ended September 30, 2026 For the qua11er ended For the quarter ended For the quarter ended For the half year ended Fo1· the half yeai- ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited I Intere st Earned (a+b+c+d) 90,925.62 88,356.30 83,997.05 1,79,281.92 1,72,087.68 (a) Interest/ discowu on advances/ bill 78,564.43 75,298.23 71,405. 16 1,53,862 .66 1,47,041.06 (b) income on investments 10,985.99 11 ,551.66 8,697.97 22,537.65 16,798.74 (c) interest on balances with Reserve Bank of India and other interbank funds 1.375.03 1.506.2 1 3.893.67 2.881.24 8247.35 (d) Others 0.17 0.20 0.25 0.37 0.53 2 Other Income 9,302 .44 11 ,880.92 9.734 71 21.183.36 23.509.22 3 Total Income (L+2) 1,00,228.06 1,00,237.22 93,731.76 2,00,465.28 1,95,596.90 4 Interest Expended 47,394.99 46, 148.77 48,949.54 93,543.76 96,858.87 5 Opero.ting Expenses (i)+(ii) 44 ,308.68 47,731.71 45, 11 4.62 92,040.39 89.906.21 (i) Employees cost (Refer Note I 7) 20, 186.99 24,062.7 1 23,623.77 44,249.70 46,444.02 (ii) Olher operating expenses 24. 121.69 23,669.00 21.490.85 47,790.69 43,462. 19 6 Total Expendit ure (4+5) excludin g provisions and contingencies 91,703.67 93,880.48 94,064.16 1,85,584.15 1,86,765.08 7 Operating Profit before Provisions and Contingencies (3-6) 8,524.39 6,356.74 (332.40) 14,881.13 8,831.82 8 Provisions (other than ta-..:) and Contingencies 16.588.85 10.898.21 46.164.79 27.487.06 87.215.96 9 Exceptional i1cm IO Profit for· the period/ year before tax (7-8-9) (8,064.46) (4,541.47) (46,497.19) (12,605.93) (78,384.14) 11 Tax expense (1 ,079 .24) (1 , 149.50) (11 ,650.72) (2,228.74) (19,589.62) 12 Net Profit for the period / year after tax (10-11) (6,985.22) (3,391.97) (34,846.47) (10,377.19) (58,794.52) 13 Paid-up equity share capital (of~I0 each) 1.77.952.37 1.77.952.37 1.1 0. 160.99 1.77.952.37 1.1 0.160.99 14 Reserves exclud ing Revaluation Reserves 15 Analytica l Ratios Capital Adequacy Ratio (Refer Note 9) 17.0SU/u 17.4411/ ... 17.21% 17.05% 17.21% Earnings per share (Face Value oft 10/- each) EPS Basic(~) (not annualised forquartcrs /halfycar) (0,39) (0.19) (3.16) (0.58) (5.34) EPS Diluted(~) (1101 annualised for quai1ers/halfycar) (0.39) (0.19) (3.16) (0.58) (5.34) NPA Ratios Gross NPA 1,18,924.68 1,16,318.01 2,27,607.98 1,18,924.68 2,2 7,607.98 NctNPA 52,905.95 52,866.02 84,790.93 52,905.95 84,790.93 ¾of Gross NPA to Gross Advances 5.96% 6.09% 12.42% 5.96°/,, 12.42% ¾of Net NPA to Net Advances 2.74% 2.86% 5.02% 2.74% 5.02% Return on Assets (not annualised for quarters/half year) (0.24%) (0.12%) (1.28%) (0.36%) (2.14%) Net Worth• 1,93,314.44 2,20,288.26 1,98,153.54 1,93,314.44 1,98,153.54 Tot:11 Debt~ to Total Assets ratio 6.66% 6.49¾ 7.15% 6.66% 7.15°/o Debt .EQuitv Ratio11 0.74 0.67 0.83 0.74 0.83 .. as 1>er RBI guidelines #Debt represents total borrowings of the Bank & Equity consists of Share Capital plus Reserves (f iulakh) For the year ended March 31, 2026 Audited 3,37,878.04 2,84,575.16 40, 167.90 13.133.95 1.03 43.096.65 3,80,974.69 1,90.203.!B 1,85, 135.88 94,796.24 90.339.64 3, 75,339.71 5,634.98 1.56.296.34 ( 1,50,661.36) (3;,563 .52) (1 ,15,097.84) 1.77.952.37 99,607.82 17.71<1/u (8.37) (8.37) 1,45,990.21 59,405.44 7.71% 3.29% (4.16%) 2,24,718.04 9.80% 1.02 As per rcgula1ion 33 and regulation 32(4) ofSEBI (Listing Obligation & Disclosure Requirements) regulations 2015. the equity and debt listed entit ies are required to disclose certain ratios. The ratios which arc relevant to Banking sector arc disclosed above.
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Notes: I. Segment informa tion in accordance with the RBI guidelines and Accounting Standard - 17 "Segment re1>011ing" of the opernting segments of the Bank is as under: (f i11 /akh) For- the qua11e1· ended For the quai1er ended For the quaner ended For the half year ended For the half yea.- ended For the year ended Sentem ber 30 2026 June 30, 2026 Seotember 30 2025 Seotember 30 2026 Seotembe1· 30 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Segmental Revenue (a) Retail 77,445.00 77,392.74 73,473.68 1,54,837.74 1,52,904.88 2,94,825.78 (b) Wholesale 9,834.26 9,274.49 7,648.43 19,108.75 14,060.92 28,934.80 (c) Treasury 12.948.80 I 3.569 99 12,609.65 26.5 I 8. 79 28.63 1. 10 57,214.11 (d) Unallocated Less: Inter Segment Revenue Income from Operations 1,00,228.06 1,00,237.22 93,731.76 2,00,465.28 1,95,596.90 3,80,974.69 2 Segmental Results (a) Retail (4,385.83) (2,676.18) (44,922.26) (7,062.01) (77,764.65) (l ,46,529. 75) (b) \1~1olesale 1,288.86 1,577.39 1,293.88 2,866.25 943.2 1 2,449.50 (c) Treasury (4,967.49) (3,442.68) (2,868.81) (8,410.17) (1,562.70) (6,58 1.1 0) (d) Unallocated Total Profit before Tax (8,064.46) (4,541.47) (46,497.19) (12,605.93) (78,384.14) ( 1,50,661.35) 3 Segmental Assets (a) Retail 16,34,025.61 [5,55,821.56 14,76,175.29 [6,34,025.6 1 14, 76,175.29 15,37.476.55 (b) Wholesale 3.38.074 65 3,30.598.42 2,46,907.2 1 3,38,074.65 2.46,907.21 3.08,578.98 (c) Treasury 8,22. 776.97 8,55,682. 78 9,28, 775.84 8,22,776 97 9,28, 775.84 9,37,034.0 1 (d) Unallocated 1.14,1 19.62 99,724.52 86,552.16 1,14,11 9.62 86,552. 16 1,03.8 17.87 Total Assets 29,08,996 .85 28,41,827.28 27,38,410.50 29,08,996,85 27,38,410.50 28,86,907.41 4 Segmental Liabilities (a) Retail 19,24,594.25 19,02,941.38 17,24, 772.50 19,24,594.25 17,24,77250 18,40,170.37 (b) Wholesale 5,19,280.93 4,76,936.48 5, 74,969.4 1 5,19,280 93 5,74,969.41 4,82,6 I 6.0 I (c) Treasury 1,94,860.55 1,85,634 86 1,97,024.86 1,94,860.55 1,97,024.86 2,84,371.36 (d) Unallocated 2,627.40 1,788.13 2,254.41 2,627.40 2,254.41 2,189.46 (e) Capital & other reserves 2,67,633.72 2,74,526.43 2,39,389.32 2,67,633.72 2,39,389.32 2, 77,560.21 Total Liabilities 29,08,996.85 28,41,827.28 27,38,410.50 29,08,996,85 27,38,410 .50 28,86,907.41 Notes· (i) Business segments have been identified and reported taking into accow1t the target customer profile, nature of products and services, the differential risks and returns, the organization structure, mtemal business reporting system and guidelines prescribed by RBI (ii) The RBI vide its circular dated April 07, 2022 on establishment of Digital Banking Units (DB Us), has prescribed reporting of Digital Banking Segment as a sub-segment of Retail Banking Segment. The Bank has not setup any DBU so far and hence DBU has not been disclosed as a separate segment as per Accounting Standard 17 (Segment Reporting)
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2. Statement of Assets and Liabilities is given below: (l' in lakh) As at As at September 30, 2026 March 31, 2026 Unaudited Audited CAPITAL and LIABILITIES Capital 1,77,952.37 1,77,952.37 ESOP stock option outstanding 5,038.4 1 5,463.04 Reser ves and Surplus 84,642 .9 1 94, 144.78 Depos its 23,86,935.30 22,63,459.04 Borrowings 1,93,850.40 2,82,943. 91 Other Liabilities and Prov isions 60,577.46 62,944.27 29,08,996.85 28,86,907.41 ASSETS Cash and balances with Reserve Bank of India 1,36, 779. 18 1,69,214.47 Balances with banks and money at call and sh011 notice 48,472. 19 62,908.42 Investme nts 6,26,308 . 02 6,9 1,405.04 Advances 19,30,224.07 18,06,958 . 90 Fixed Assets 45,504.70 45,782.97 Other Assets 1,2 1,708 .69 1,10,637.61 29,08,996.85 28,86,907.41
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3. Statement of Cash Flow is given below: (t in fokh) S.No Particulars Fo r the half year ended For the year ended September 30 2026 March 31 2026 Unaud ited Audited I Cash flow from operating activities Profit before taxes (12,605 93) ( I ,50,661.36) Adjustments for :- Depreciation on fixed assets 3,947.83 7,733.00 Deprec iation on investments , net 596.35 10,489.45 Amortization of premium on Held to Maturity (HTM) Investment 1,231.30 2,520.06 Profit on sale & Redemption ofHTM portfolio (635.47) (4,103 56) Write-off of non performing advances I 5,471.66 1,08,959 .67 Provision for standard advances and other contingencies 513.3 I (142.86) Provision for non performing advances (net of reversal) (20,5660 4) (8,326.30) ESOP expenses 431.50 1,425.67 Loss on sale of fixed assets (Net) (18.17) 18.93 Other provisions and write off 11.99 (67.85) (11,621.67) (32,155.15) Adjustments for: - Decrease in investments other than HTM securities 8,559.97 1,06,408 .63 (Increase) in advances (1 ,I 8,170.80) (35,944.68) Increase in deposits 1,23,47627 8,828.14 (Jncrease) in other assets ( I 0,090. 79) (6,730.36) (Decrease)/ Increase in other liabilities and provisions (2,722 77) 37,969.17 1,051.88 1,10,530.89 Payment of direct taxes (169.35) (306.59) Net cash flow (used in)/ generated from operating activities (A) (10 ,739.14) 78,069.15 II Cash flow from/(used in) investing activities Purchase of fixed assets including capital work in progress (3,883.34) (14,946.25) Proceeds from sale of fixed assets 219 01 713.76 Purchase of HTM securities (6,59,808.61) Proceeds from sale of HTM investments 56,593 55 3,43,183.46 Net cash flow (used in) investing activities (B) 52,929.22 (3,30,857.64) Ill Cash flow from/(used in) Financing Activities Proceeds from issue of share capital 94,907.93 Share issue expenses 19.20 (1,125.99) Borrowings taken 14, 76,572.61 33,53,443.31 Net Proceeds / (repayments) from borrowings (I 5,65,666. I 2) (33,05,975.98) Net cash flow (used in) /generated from financing activities (C) (89,074.31) 1,41,249.27 (D) Cash & Cash equivalent acquired pursuant to BTA (Rei IV Net (denease)/increase in cash and cash equivalents (A)+ (B) + (C) (46,884.23) (1,11 ,539.22) V Cash and cash equivalents at the beginning of the period/year 2,32,119.04 3,43,658.26 VI Cash and cash eauivalents at the end of the oeriod/vear 1,85,234.81 2,32,119.04 Notes to the Cash Flow Statement: Cash and cash equivalents includes the following (i) Cash in hand 9,501.98 9,903.62 (11) Balances with Reserve Bank of India 1,27,277.20 1,59,310.85 (iii) Balance with banks and money at call and short notice (excluding balances under lien) 48,455.63 62,904.57 Cash and cash equivalents at the end of the period/year 1,85,234.81 2,32,119.04 The above Cash Flow Statement has been prepared under the indirect method as set out in Accounting Standard (AS) 3 - Cash Flow Statements specified under Section 133 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014. 4. The above financial results for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Committee al its meeting held on November 03, 2026 and recomme nded for adoption to the Board of Directors. The Board of Directors of the Bank have considered and approved the same at its meeting held on November 03, 2026. The financial results have been subjected to limited reviewed by the Joint Statuto1y Auditors as required. An unmodified conclus ion has been issued by them thereon. The above financial results have been prepared in acco rdance with the recognition and measurement principles laid dO\vn in the applicable Accounting Standard ("Accounting standa rds") prescribed under Section 133 of the Companies Act, 2013 (the "Act"), in so far as they apply to the Banks, the relevant provisions of the Banking Regulation Act, 1949 and the circulars, the guide lines and directions issued by the Reserve Bank of India ("RBI") from time to time (the "RBI Regulations1') and other accounting principles generally accepted in India and the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended 6 The Bank has applied its significant accounting policies in preparation of these financ ial results consistent with those followed in annual financial statement for the year ended March 3 I, 2026 7. During the quarter and half year ended September 30, 2026 there were no instances of exercise of vested ESOPs and hence no equity shares were allotted.
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During the half year ended Septembe r 30, 2026, the Bank has granted 50,000 stock options (2,99,60,058 stock options for the year ended March 31, 2026) pursuant to stock options under the approved Employee Stock Option Plan (ESOP) 2020. As at September 30, 2026, 71,03,812 options were lapsed, 1,85,92,521 options were vested and yet to be exercised and balance 3,73, 76,444 options remains unvested out of the total options granted under the approved Employee Stock Option Plan (ESOP) 2020 9 The Capital Adequacy Ratio ("CAR") has been computed as per RBI Circular No.RB I/DOR/2025-26 / 182 DOR.CAP.REC.I0l /21 -01 -002/2025 -26 (Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Directions , 2025) dated November 28, 2025 as amended from time to time. 10. During the quarter and half year ended September 30, 2026, the Bank has issued rated, listed, unsecured, subordinated, redeemable, lower tier II, Basel II complia nt debt capital instruments in the form ofNon -Conve1iible Debentures amounting to ~30,000 lakh on September 25, 2026 at premium of~ 26.40 lakh (in aggregate). Pursuant to the approval by Capital Structuring & Fund Raise Committee of the Board, at its meeting held on July 21, 2026, the Bank redeemed debentures of n 9,500 lakhs at par. 11 . The Bank does not have any exposure to Project Finance. hence the disclosure as per 'Reserve Bank of India (Small Finance B_anks - Financia l Statements: Presentation and Disclosures) Directions , 2025' dated November 28, 2025 and as amended from time to time, on Project Finance is not applicable for the period ended September 30, 2026 12. Details of resolution plan implemented under the Resolution framework for Covid - 19 related stress as per RBI circulars dated August 06, 2020 (Resolution framework 1.0) and May 05, 2021 (Resolution framework 2.0) as at September 30, 2026 are given below: (l" inlakh) (A) Exposure to Of(A) , Exp osure to accounts accounts classified as aggregate Of(A) Of(A) classified as Standard Standard consequent debt that amount consequent to Type of borrower to implementation of slipped into written off amount paid by the implementation of borrowers during the half resolution plan- NPA during during the resolution plan - Position as at the end the half half year year Position as at the end of of March 31 2026 lvear Seotem ber 30 2026 Personal Loans 340.59 19 14 321.45 Corporate persons* Of which, MSMEs Others 0.42 0.42 Total 341.01 - - 19.56 321.45 *As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 Amount paid by the borrower during the half year is net of additions in the borrower amount including additions due to interest capitalisation. 13 The Board of Directors of the Bank and Utkarsh Corelnvest Limited (UCL), the Promoter Company, have approved a draft scheme of amalgamatio n of the latter with the former in terms of Section 230 to 232 of the Companies Act, 2013 on September 20, 2024. The appointed date under the said scheme is April 01 , 2025 or such other date as may be approved by NCLT or such other competent authority. The Bank has already received no objection /observation letters from RBI, BSE & NSE During the previous quaiter's the matter was taken up on multiple occasions by the NCLT, viz., January 05, 2026, January I 5, 2026 and February 11 , 2026 and vide order dated February I l, 2026 (as received on February I 3, 2026) disposed -off the first motion application and ordered convening meetings of unsecured creditors and equity shareholders of the Bank and equity shareho lders of the UCL (all the three meetings) on March 28, 2026 through Video Conferencing. After conclusion of both the meetings, the Bank submitted proceedings of the meetings to stock exchanges on March 28, 2026. The scrutinizer issued his report with e-voting results w.r.t. equity shareho lders meetings on March 30, 2026 and w.r.t. unsecured creditors on March 31 , 2026. Both the said reports were submitted with exchanges on April 01 , 2026; declaring the scheme having been passed with requisite majority by the shareholders and unsecured creditors After the declaration of the voting results , the second motion petition was filed with the NCLT on April 05, 2026 for the Scheme of Amalgamation of UCL with and into the Bank. A stock exchange intimation was filed in this respect on April 05, 2026. The NCLT vide order dated J\,fay 18, 2026 (as received on May 20, 2026) directed the Bank to issue notice in the matter to regulatory authorities viz., Reserve Bank of India (RBI), Stock Exchanges , Registrar of Companies , Regional Director , Ministry of Corporate Affairs (RD), Offic ial Liquidator (OL), Income Tax and fixed the hearing on the matter on July 23, 2026. Thereafter , the matter was taken up on various occasions on July 23, 2026, August 06, 2026 and September 17, 2026 and October 22, 2026 wherein the court took note of the NOC/replies received from ROC, RD & OL and noted that stock exchanges & RBI had already provided their NOC earlier In view of pending reply from Income Tax in the last hearing on October 22, 2026, the court has fixed the matter on November 19, 2026 and advised the parties to complete pleadings before Novembe r 19, 2026 14 Other income includes processing fees, profit/loss on sale of investment (including provision for depreciation), recovery from loans written off, Income from sale of priority sector lending certificates , non-fund-based income such as commission earned from guarantees and selling of third-party products. 15 During the half year, the Bank reassessed its estimate of provision in respect of non performing advances covered under the Credit Guarantee Fund for Micro Units (CGFMU). Based on the review of eligibility, enforceability and recoverability of the guarantee cover and in accordance with applicable RBI prudent ial norms, eligible guarantee cover has been considered while determining the provision required on such advances. consecutively, provision for non performing advances for the qua1ter and half year is lower by ~2,921.00 lakhs and tI0,582 .85 lakhs respectively and loss before tax is lower by an equivalent amount. I 6. Details of loans transferred / acquired during the half year ended September 30, 2026 under the RBI Master Direction on Transfer of Loan Exposure dated September 24, 202 I is given below (i) The Bank has not acquired/transferred any loans not in default to other entities during the half year ended September 30, 2026. (ii) Details of Stressed Loans transferred to Asset Reconstruction Company (ARC) and NBFCs is given below: 'fin hkh Particulars Transferred Transferred to ARC to NBFC No. of accounts 2,14,727 35,306 Aggregate principal outstand ing of loans transferred (on the date of transfer) 72,681.81 7,512.65 Weighted average residual tenor of the loans transferred (in months) 11.07 2.51 Net book value of loans transferred (at the time of transfer) 36,544.46 1,038.21 Aggregate Consideration 14,954.23 1,550.00 Additional consideration real ized in respect of accounts transferred in earlier years (iii) The Bank has not acquired any stressed loans (NPA / SMA) during the quarter and half year ended September 30, 2026. -
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(iv) The Bank has received Security Receipts (SRs) amounting to~ 7,166.30 lakhs as part of the consideration for transfer of stress loans to ARC. Details on recovery ratings assigned to Security Receipts as on September 30, 2026' 'tin lakh Recove 1·y ratings Recovery ratings Antic ipated recovery Net Book Outstand ing as per recovery Value Redemption ratinP{%) PARAS BWRRRI More than 100% and 3,351.57 uo to 150% SHR.JRAM Unrated 3,277.41 ARCIL Unrated 7,014.40 PARAS Unrated - 3,956.00 ARCIL Secured Unrated 615.25 2,191.74 ARCIL Unsecured Unrated 1,018.56 (v) The Bank has not entered into co-lending transaction during the Quarter. 17. During the quarter and half year ended September 30, 2026, the Bank revised its Leave Policy by reducing the maximum accumulation of Earned Leave from 45 days to 30 days and discontinuing encashment of Earned Leave on separation. However, accumulated Earned Leave up to 30 days continues to be eligible for encashment on superannua1ion. This resulted in reversal of accumulated leave liability provision amounting to ~2,561.47 \akhs. 18. Consolidation of financ ial statements is not applicable as the Bank does not have any subsidiary I associate I joint venture company(ies), as on September 30, 2026 19. Figures of the previous period / year have been regrouped / reclassified, wherever necessary to conform current period classification. Place Mumbai Date November 03, 2026 for and on behalf of the Board of Directors of Utkarsh Small F inance Bank Limited CIN: L65992UP2016PLC082804 Gov~ / Managing Dire~ EO DIN: 02470880 -i ~ ., -, "-;I,,~ .,.