Annual Secretarial Compliance Report for the Financial year ended March 31, 2025
Awaiting price reaction for this filing.
Yes Bank has submitted its Annual Secretarial Compliance Report for FY 2024-25, reviewed by BNP & Associates. The bank was found to be compliant with all applicable SEBI regulations, Secretarial Standards, insider trading rules, and listing obligations during the review period, with no new violations, penalties, or actions from SEBI/stock exchanges. Notably, a long-pending case from FY 2020-21 involving alleged violations related to Additional Tier 1 (AT-1) Bonds remains open before the Securities Appellate Tribunal (SAT) in Mumbai, with the next hearing scheduled for July 18, 2025. The statutory auditor did not resign during the year, and no additional non-compliances were observed.
For shareholders, this is largely a routine compliance filing confirming clean regulatory conduct for FY25. However, the pending SAT hearing on the AT-1 bond matter from 2020 remains a key overhang that could have implications if the ruling goes against the bank.