Intimation of the date of the Board Meeting – Regulation 29 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is in continuation to our letter dated April 06, 2018 intimating that a meeting of the Board of Directors of YES Bank Limited (‘YES Bank’) will be held on Thursday, April 26, 2018 at Mumbai, inter alia, to consider and approve the Audited Financial Results and recommendation of dividend, if any, for Financial Year 2017-18.
We would like to inform that the Board of YES Bank will inter alia also consider the following proposals:
Borrowing/raising funds in Indian /foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, MTN, in terms of Section 42 of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules, 2014, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the SEBI LODR Regulations and other applicable laws, if any, subject to regulatory approvals, as may be required.
Raising of funds by way of issuance of equity shares including but not limited through preferential issue and/or Qualified Institutions Placement (QIP)/Global Depository Receipts (GDRs)/American Depository Receipts (ADRs)/Foreign Currency Convertible Bonds (FCCBs)/or any other methods on private placement basis, subject to regulatory approvals, as may be required.
Increase in the overall borrowing limits, subject to shareholders’ approval.
Re-appointment of YES Bank Main Promoter, Mr. Rana Kapoor, Managing Director & CEO for a period of 3 years with effect from September 1, 2018, subject to approval of Shareholders at the AGM proposed to be held on June 12, 2018 and the approval of the Reserve Bank of India.
Recommendation for appointment of Mr. Subhash Chander Kalia as Non-Executive Non-Independent Director to the Shareholders for approval.
Recommendation for re-appointment of Mr. Ajai Kumar, Non-Executive Non-Independent Director, who is retiring by rotation at the next AGM and eligible for re-appointment, to the shareholders for approval.
Introduction of new Employee Stock Option Scheme, subject to Shareholders’ approval.
Recommendation to the Shareholders for ratification of appointment of Statutory Auditors, subject to regulatory approvals, as may be required.
We request you to kindly take this in your record.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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