Indusind Bank has informed that in reference to its letter dated September 29, 2023, wherein the Board of Directors of the Bank had approved amendments in Articles of Association of the Bank along with Notice of Postal Ballot seeking approval of the Members of the Bank for the same. The Bank had earlier sought an approval of SEBI seeking extension from the applicability of regulation 23 (6) of SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023 read with regulation 15(1)(e) of SEBI (Debenture Trustees) Regulations, 1993 for a period of three months from the applicable date of September 30, 2023, which was accorded by SEBI vide letter dated October 10, 2023. SEBI approval was intimated to Stock Exchanges on the same day, October 10, 2023. Further, SEBI vide its Circular no. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 7, 2023 has provided relaxation from the applicability of Regulation 44(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for general meetings (in electronic mode) till September 30, 2024. Accordingly, the aforesaid changes have been incorporated in the Notice of Postal Ballot, which was approved in the Board Meeting held today.
The above information is a part of company’s filings submitted to BSE.