Debt Management

In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series-X-Issue date March 11, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on March 11, 2026.

The result of the auction of State Government Securities held on March 10, 2026, is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2039 ANDHRA PRADESH SGS 2041 ANDHRA PRADESH SGS 2043 ARUNACHAL PRADESH SGS 2046 Notified Amount 1000 1000 1000 190 Tenor 13 -Years 15 -Years 17 -Years 20 -Years Competitive Bids Received (i) No. 77 87 80 21 (ii) Amount 4295 4623 5928 930 Cut-off Yield (%) 7.62 7.61 7.65 7.75 Cut off Price (₹) 100 100 100 100

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/Yield (%) Tenor (Year) 1. Andhra Pradesh 1000 1000 7.62 13 1000 1000 7.61 15 1000 1000 7.65 17 2. Arunachal Pradesh 190 190 7.75 20 3. Assam 900 900 7.62 15 4. Delhi 1000 1000 7.45 10 5. Gujarat* 1000 1500 7.23 07 year and 06 months

A. Source Security 6.97% GS 2026 6.97% GS 2026 7.33% GS 2026 5.74% GS 2026 8.15% GS 2026 8.24% GS 2027 8.24% GS 2027 B. Notified Amount (in ₹ crore) 2,000 2,000 3,000 2,000 2,000 3,000 6,000 Destination Security 7.50% GS 2034 8.32% GS 2032 6.57% GS 2033 7.62% GS 2039 6.57% GS 2033 7.40% GS 2062 8.32% GS 2032 C. i.No. of offersreceived 8 0 2 2 1 1 2 ii.Total amount ofSource Securityoffered (Face value, in ₹crore) 200.000 0.000 1,684.000 1,035.000 590.000 3,000.000 5,000.000 iii.No. of offersaccepted 0 0 2 2 1 1 0

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹45,960 Crore (Face Value).

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-VI-Issue date September 08, 2020) and in terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XII-Issue date March 09, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranches shall be on March 07, 2026 (March 08 being holiday) and March 09, 2026 respectively.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 14,000 March 11, 2026 (Wednesday) March 12, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 34,000

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 13,000 II. Competitive Bids Received (i) Number 298 287 (ii) Amount 46,871.860 42,381.350 III. Cut-off price / Yield 96.38 92.51 (YTM: 7.0848%) (YTM: 7.4940%) IV. Competitive Bids Accepted

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 96.38 / 7.0848% 92.51 / 7.4940% III. Amount accepted in the auction ₹16,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on March 06, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹crore) Minimum Underwriting Commitment (MUC) Amount (₹crore) Additional Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 6.68% GS 2040 16,000 8,001 7,999 16,000 1.07 6.90% GS 2065 13,000 6,510 6,490 13,000 1.19 Auction for the sale of securities will be held on March 06, 2026.