Equitas Small Finance Bank Limited has informed the Exchange about Copy of Newspaper advertisement for Postal Ballot
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Equitas Small Finance Bank has published newspaper advertisements in Financial Express (English) and Makkal Kural (Tamil) on June 22, 2025, notifying shareholders about a Postal Ballot and e-voting process. The Postal Ballot seeks shareholder approval to raise up to Rs. 1,250 crore by issuing equity shares or other eligible securities to qualified institutional investors through a Qualified Institutions Placement (QIP). The e-voting window runs from June 23, 2025 (9:00 AM) to July 22, 2025 (5:00 PM), with the cut-off date set as June 13, 2025. NSDL has been appointed as the e-voting agency, and Kfin Technologies is the Registrar. Results will be announced by July 24, 2025.
If approved, the bank could raise Rs. 1,250 crore through QIP, which may lead to equity dilution for existing shareholders but strengthen the bank's capital base for growth. The outcome will depend on shareholder voting by July 22, 2025.