Punjab National Bank has informed stock exchanges that it made no encumbrance of its shareholding in PNB Gilts Limited during the financial year ended 31.03.2026. The disclosure was made through a formal communication to both NSE and BSE on 04.04.2026.

Regulatory Compliance Disclosure

The bank's disclosure pertains to its role as the promoter of PNB Gilts Limited. In the official communication signed by Company Secretary Bikramjit Shom, Punjab National Bank confirmed that no direct or indirect encumbrance was created on its shareholding in the subsidiary company during the specified period.

SEBI Regulatory Framework

The disclosure is made in compliance with Regulation 31(4) and (5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate promoters to disclose any pledge or encumbrance of shares to ensure transparency in shareholding patterns and protect investor interests.

Internal Governance

The bank has informed that the disclosure has been communicated to the Audit Committee of PNB Gilts Limited, ensuring proper internal governance protocols are followed. This step demonstrates adherence to both regulatory requirements and internal compliance mechanisms.

Corporate Structure

As the promoter group entity of PNB Gilts Limited, Punjab National Bank's shareholding activities in its subsidiary are subject to strict regulatory oversight. The clean disclosure for the financial year ended 31.03.2026 indicates no changes in the encumbrance status of the bank's holdings in PNB Gilts Limited.

Punjab National Bank has informed stock exchanges that its promoter, the Government of India, has not created any pledge or encumbrance on its shareholding during the financial year ended March 31, 2026. The disclosure was made in compliance with regulatory requirements under SEBI takeover regulations.

Government Shareholding Details

The Government of India currently holds a substantial stake in the public sector bank, maintaining its position as the primary promoter.

Regulatory Compliance

The bank submitted this disclosure to fulfill its obligations under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The specific regulations governing this disclosure include:

• Regulation 31(4) of SEBI Takeover Regulations
• Regulation 31(5) of SEBI Takeover Regulations

These regulations mandate listed companies to disclose any pledge or encumbrance created by promoters on their shareholding, ensuring transparency for investors and market participants.

Official Communication

The disclosure document was signed by Bikramjit Shom, Company Secretary of Punjab National Bank, and dated April 4, 2026. The communication was addressed to both major stock exchanges where the bank's shares are listed - the National Stock Exchange of India Limited and BSE Limited.

This regulatory filing provides clarity to stakeholders about the promoter's shareholding status and confirms that no additional encumbrances have been created on the government's substantial holding in the bank during the specified period.