YES Bank Limited Outcome of Annual General Meeting (7189S)

TIDM16ER

RNS Number : 7189S

YES Bank Limited

15 July 2022

YBL/CS/2022-23/Int/9

July 15, 2022

 
 India International Exchange IFSC         The Singapore Exchange Securities 
  Limited                                   Trading Limited 
  101 First Floor, Hiranandani Signature    2, Shenton Way #19-00 
  Tower,                                    SGX Centre 1, Singapore 068804 
  GIFT City IFSC - 382355, Gujarat, 
  India 
 The London Stock Exchange 
  10, Patemoster Square, 
  London, EC4M 7LS

Dear Sirs,

Sub: Outcome/ Proceedings of the Eighteenth Annual General Meeting pursuant to India Listing Regulations

We wish to inform you that the Eighteenth Annual General Meeting ("AGM") of YES Bank Limited was held on Friday , July 15, 2022 at 10:30 AM IST , through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") .

We would further like to inform that, in line with clause 5(7) of the YES Bank Limited Reconstruction Scheme, 2020 ("the Scheme"), the shareholders have approved the constitution of the alternate Board of the reconstructed Bank in accordance with the procedure laid down in the Bank's Memorandum and Articles of Association. .

The term of the two Additional Directors appointed by RBI viz. Mr. R. Gandhi and Mr. Ananth Narayan Gopalakrishnan is valid up to March 23, 2023 or till further orders, whichever is earlier.

Accordingly, the composition of alternate Board as under:

   a.   Mr. Atul Malik, Independent Director 
   b.   Ms. Rekha Murthy, Independent Director 
   c.   Mr. Sharad Sharma , Independent Director 
   d.   Ms. Nandita Gurjar, Independent Director 
   e.   Mr. Sanjay Kumar Khemani, Independent Director 
   f.    Mr. Sadashiv Srinivas Rao, Independent Director 
   g.   Mr. T Keshav Kumar, Non-Executive Non- Independent Director 
   h.   Mr. Sandeep Tewari, Non-Executive Non- Independent Director 
   i.    Mr. Prashant Kumar, Director 
   j.    Mr. R. Gandhi, Additional Director appointment by RBI 
   k.   Mr. Ananth Narayan Gopalakrishnan, Additional Director appointment by RBI.

The term of the Independent Directors i.e. Mr. Atul Malik, Ms. Rekha Murthy, Mr. Sharad Sharma , Ms. Nandita Gurjar, Mr. Sanjay Kumar Khemani and Mr. Sadashiv Srinivas Rao shall be for a period of five years from the date of declaration of results i.e. July 15, 2022 till July 14, 2027. Mr. T Keshav Kumar and Mr. Sandeep Tewari are appointed as Non-Executive Non-Independent Director, liable to retire by rotation.

The brief profile of the aforesaid Directors is attached herewith. Further, please note that none of the Directors are related to each other or the Key Managerial Personnel of the Bank and they are not debarred from holding the office of a director, by virtue of any SEBI order or any such authority.

Further, Mr. Sunil Mehta, Chairman, Mr. Mahesh Krishnamurti and Mr. Atul Bheda, Board Members appointed under the Notification dated March 13, 2020 of the Scheme and Mr. V. S. Radhakrishnan, Nominee Director (Non-Executive) of State Bank of India (SBI) have demitted their office as director(s) of the Bank on conclusion of the AGM.

The Bank had appointed Mr. B. Narasimhan, Proprietor, M/s. BN & Associates, Practicing Company Secretary, as the Scrutinizer for the remote e-voting and e-voting at the AGM. As per the Scrutinizer's Report, all Resolutions contained in the Notice of the AGM were approved by the Shareholders with requisite majority and all the resolutions were declared as passed on July 15, 2022

Accordingly, w e hereby submit the following disclosures:

   1.   Press Release; 
   2.   Combined Scrutinizer's Report as on July 15, 2022 
   3.   Brief Profile of the Directors forming part of alternate Board; and 
   4.   Summary of AGM Proceedings under Regulation 30 of the Listing Regulations.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For YES BANK LIMITED

Shivanand R. Shettigar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/7189S_1-2022-7-15.pdf

Encl.: As above

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