We wish to inform that the 'Allotment, Transfer & Routine Matters Committee' of IDFC FIRST Bank Limited ('Bank') at its meeting held today i.e. on November 23, 2022, has approved the allotment of 15,58,235 equity shares of face value of ? 10/- each fully paid-up to eligible employees of the Bank upon exercise of Stock Options vested with them under the 'IDFC FIRST Bank ESOS'. These equity shares shall rank pari- passu with the existing equity shares of the Bank in all respects. Post allotment, the issued and paid-up equity share capital of the Bank stands increased from ?62,32,30,26,370/- comprising of 6,23,23,02,637 equity shares of ?10/- each fully paid-up to ?62,33,86,08,720/- comprising of 6,23,38,60,872 equity shares of ? 10/- each fully paid-up.