REG - YES Bank Limited - Outcome of Annual General Meeting

Yes BankAnnouncement

18/07/2022 07:01

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RNS Number : 7189S  YES Bank Limited  15 July 2022

YBL/CS/2022-23/Int/9

 

July 15, 2022

 

 India International Exchange IFSC Limited       The Singapore Exchange Securities Trading Limited

 101 First Floor, Hiranandani Signature Tower,   2, Shenton Way #19-00

 GIFT City IFSC - 382355, Gujarat, India         SGX Centre 1, Singapore 068804

 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, we 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
(http://www.rns-pdf.londonstockexchange.com/rns/7189S_1-2022-7-15.pdf)

Encl.: As above

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