Yes Bank Limited has informed the Exchange regarding the Outcome / Proceedings of the Twenty-first (21st) Annual General Meeting of YES Bank Limited
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Yes Bank held its 21st AGM on August 21, 2025 via video conferencing, attended by 311 members, and shareholders approved all 11 resolutions with overwhelming majorities. Routine items such as adoption of FY25 audited financial statements (99.93% in favour), appointment of BNP & Associates as Secretarial Auditors (99.44%), and appointment of Shivakumar Dega as Non-Executive Director (99.68%) were passed easily. Key approvals included the re-appointment of MD & CEO Prashant Kumar with his remuneration (99.19%) and material related party transactions with State Bank of India (99.97%). Shareholders also cleared the YBL Restricted Stock Units Plan 2025 (99.02%), special rights granted to investors Verventa Holdings, Sumitomo Mitsui Banking Corporation and SBI (96.88%–99.95%), and authorisations to raise funds through eligible equity securities (99.54%) and eligible debt securities (99.13%).
Approval of the equity and debt fundraising resolutions gives the bank flexibility to raise fresh capital, which could dilute existing shareholders depending on how it is used, while the RSU plan may lead to some future share issuance for employees. Strong shareholder support (>96% on all resolutions) signals confidence in management and the investor consortium (SBI, SMBC, Carlyle/Verventa).