YES Bank Limited has informed the Exchange regarding Notice of Postal Ballot
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Yes Bank has issued a Postal Ballot Notice seeking shareholder approval for six items via remote e-voting. Key items include the reappointment of Rama Subramaniam Gandhi as Non-Executive Part-Time Chairman (salary of ₹35 lakh per annum, till May 13, 2027) and the appointment of two new SMBC nominees — Shinichiro Nishino and Rajeev Veeravalli Kannan — as Non-Executive Directors. The bank is also seeking approval for revised fixed pay for MD & CEO Prashant Kumar (₹4.20 crore per annum) and Executive Directors Dr. Rajan Pental (₹3.54 crore) and Manish Jain (₹3.67 crore), along with FY24-25 variable pay of ₹4.82 crore, ₹3.58 crore, and ₹1.02 crore respectively, partly in stock options. All proposals have already received RBI approval (dated September 1 and September 16, 2025). The e-voting window runs from September 25 to October 24, 2025, with results to be announced by October 28, 2025.
These are routine governance and remuneration items that have RBI clearance and are expected to pass, with SMBC (Yes Bank's largest shareholder) backing the board nominees. The stock options component of the variable pay could create mild equity dilution over the deferral period, but the overall impact on shareholders is neutral to mildly positive given the performance-linked structure with claw-back clauses.