Yes Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 21, 2025
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Yes Bank has issued the notice for its 21st AGM, scheduled for August 21, 2025, at 10:30 AM via video conferencing. Shareholders will consider adoption of the audited standalone and consolidated financial statements for FY25. The agenda includes the re-appointment of MD & CEO Prashant Kumar (from October 6, 2025 to April 5, 2026) with a proposed fixed pay of about ₹4.2 crore, and appointment of Shivakumar Dega as a non-executive director (Verventa nominee). A new 'YBL Restricted Stock Units Plan 2025' covering up to 15.21 crore RSUs is being proposed, along with approval to raise up to ₹7,500 crore through equity securities (subject to a 10% dilution cap). Material related party transactions with State Bank of India up to ₹25,000 crore for FY26 and special board nomination rights for Verventa, SMBC (2 directors) and SBI (1 director), with related amendments to the Articles of Association, are also on the ballot.
This AGM is significant for shareholders as it packs multiple high-impact items: a large equity raise of up to ₹7,500 crore (potential dilution up to 10%), a sizable new RSU/ESOP plan, and the formalisation of governance rights for incoming major investor SMBC alongside continuing rights for SBI and Verventa. Voting outcomes will shape the bank's capital structure, ownership dynamics, and board composition in the near term.