Yes Bank announced that the Hon'ble Supreme Court of India on 15 October 2026, has delivered its judgment in the proceedings relating to the write-down of Additional Tier-1 Bonds (AT1 Bonds) aggregating to Rs 8,415 crore, undertaken in March 2020 in connection with the reconstruction of YES BANK (Bank).

In this regard, the Bank would like to submit that the Hon'ble Supreme Court has upheld the judgment dated January 20, 2023, passed by the Hon'ble Bombay High Court and consequently dismissed the appeals filed by the Bank, Reserve Bank of India and Union of India.

The Bank respects the judgment of the Hon'ble Supreme Court. The Bank is examining the judgement in detail including evaluating all available legal options and suitable actions / steps going forward.

The Bank has access to appropriate capital-management levers, and it preserves the flexibility to undertake additional capital actions, as considered appropriate to pursue its growth objectives.

The Bank remains firmly focused on the continued strength of its franchise and on providing customers with consistent service and support across their banking requirements.

Details of Order passed:

1. The appeals challenging the order of Hon'ble Bombay High Court, setting aside the write down of the AT1 Bonds, are dismissed. Interim order, if any, stands vacated.

2. The payment of annual coupon rate shall remain unaffected by the outcome of these appeals and must be made in terms of the Information Memoranda.

3. Parties are left to bear their own costs.

4. Pending proceedings may be taken to its logical conclusion uninfluenced by the judgement.

Bank is currently reviewing the order and its implications and will make suitable disclosures in due course. Particularly with respect to Capital adequacy, pro forma impact of re-instatement of AT1 Bonds principal amount on CET1 Ratio (including Profits) as on June 30, 2026 is expected to be ~250 bps. Tier1 Ratio on a proforma basis to remain unimpacted at 14.0%.