Yes Bank Limited — Others, 18-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

YES Bank has announced a board meeting to discuss a partial order giving effect (OGE) related to an income tax demand of ₹144.85 crore for the assessment year 2015-16, which was received from the Jurisdictional Assessing Officer. The demand includes interest of ₹44.82 crore and may change pending a forthcoming decision from the Commissioner of Income Tax (Appeals). The bank intends to appeal the OGE and believes it has sufficient grounds to support its position, expecting no material adverse impact on operations. This development may evoke a cautious sentiment among investors, but could also present a positive outlook if the appeal leads to favorable outcomes.