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Yes Bank informs about outcome of board meeting

18 Sep 2025 Evaluate
Yes Bank has informed that the Board of Directors at its meeting held today  September 18, 2025 has- Noted the resignation of Sandeep Tewari (DIN 09623300) (nominee director of SBI), as a Non-Executive Director of the Bank with effect from September 17, 2025. Accordingly, he ceases to be a director on the Board of the Bank and the relevant committees/ subcommittees of the Board. The details required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure A. Further, a copy of the resignation letter received from Mr. Sandeep Tewari is enclosed as Annexure B; Pursuant to receipt of the requisite approvals from the Reserve Bank of India and Competition Commission of India, and satisfaction of conditions precedent as mentioned in the agreements referred in intimation dated May 09, 2025, noted the completion of the Proposed Transaction and the transfer of: 4,134,404,897 equity shares of the Bank from SBI to SMBC; and 2,136,830,297 equity shares of the Bank from Other Sellers to SMBC; Basis the recommendation of Nomination & Remuneration Committee, approved the appointment of Shinichiro Nishino (DIN: 11290100) and Rajeev Veeravalli Kannan (DIN: 01973006) as Additional Directors, Non-Executive and Non-Independent Directors (Nominees of SMBC) (the “SMBC Nominee Directors”) on the Board of the Bank, with effect from September 18, 2025, subject to approval of the shareholders of the Bank pursuant to Regulation 17 of SEBI Listing Regulations.

The above information is a part of company’s filings submitted to BSE.

Yes Bank Share Price

20.20 0.25 (1.25%)
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