Pursuant to SEBI (LODR) Regulations, 2015, Syndicate Bank has informed that an Extraordinary General Meeting (EGM) of the Shareholders of Syndicate Bank is scheduled to be held on Monday, 29th October 2018 at Syndicate Bank Golden Jubilee Auditorium, Manipal- 576104 at 10:00 AM, to elect 1 Director from amongst Shareholders of the Bank (other than Central Government) in terms of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with Banking Regulation Act, 1949, The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, SyndicateBank (Shares and Meetings) Regulations, 1998, RBI Notification dated 01.11.2007/23.05.2011/24.11.2016 on Fit and Proper Criteria and criteria laid down by the Government of India for appointment of Part Time Non Official Directors on the Boards of Public Sector Banks and other extant and applicable laws, to create, grant offer, issue and allot up to 9,00,00,000 new Equity Shares of face value of Rs 10 each under Employee Stock Purchase Scheme (hereinafter referred to as SYNDIBANK-ESPS) in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion in such a way that the Government of India holding does not decrease below 51.00% of the Equity Paid-up Capital of the Bank.
The above information is a part of company’s filings submitted to BSE.
