Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Allotment, Transfer & Routine Matters Committee of the Bank has on November 23, 2021, approved the allotment of 16,31,860 fully paid up equity shares of ? 10 each to the allottees, upon exercise of stock options under the IDFC FIRST Bank Employee Stock Option Scheme. These shares shall rank pari passu, in all respects with the existing equity shares of the Bank.

With the allotment of the above shares, the equity base of the Bank stands increased from present level of 6,21,22,44,775 (Nos.) to 6,21,38,76,635 (Nos.) equity shares of ? 10/- each.