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 with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING INDIA’s FINEST QUALITY LARGE BANK”.
For further information, please contact:
Ph.: +91 22 3347 9753, +91 9820813570