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| Exchange Received Time 26/07/2017 14:14:36 Exchange Disseminated Time 26/07/2017 14:14:40 Time Taken 00:00:04 | In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, the Board of Directors of the Bank on July 26, 2017 have inter-alia, considered and approved the following:
a. Unaudited Financial Results of the Bank for the Quarter (Q1) ended June 30, 2017.
b. Sub-division of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 5 (five) Equity Shares of Rs. 2/- each fully paid up, subject to approval of Reserve Bank of India and Shareholders or any other applicable statutory and regulatory approvals.
c. Consequential alteration to the Capital Clause of Memorandum of Association.
The Board has decided to seek the approval of Shareholders' through Postal Ballot Process for the proposed sub-division of equity shares and Alteration of Capital clause in Memorandum of Association.
A copy of the Unaudited Financial Results along with the Limited Review Report and the press release is enclosed herewith as Annexure I.
Disclosure as required under Regulation 30 of SEBI (LODR) Regulations, 2015 are enclosed herewith as Annexure II.
The Board Meeting commenced at 10:30 A.M. and above matters were concluded at 2:00 P.M.
Kindly take note of the above.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Shivanand R Shettigar
Company Secretary
Encl: As above |
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