Yes Bank has scheduled a board meeting for June 29, 2026, in Mumbai to consider raising funds through the issuance of equity and debt securities. The bank intends to seek enabling resolutions to permit future capital raising via permissible modes such as private placement or preferential issue. This move is aimed at ensuring the bank has the necessary approvals in place to bolster its capital base as required.

The agenda includes two primary proposals. The first involves raising funds by issuing eligible equity securities through various methods, including private placement or preferential issue. The second proposal covers borrowings or fund raising via eligible debt securities, which may be convertible or non-convertible, also through permissible modes like private placement.

To facilitate these initiatives, the bank plans to include appropriate special resolutions in the notice for its forthcoming Annual General Meeting. These resolutions are intended to secure shareholder approval in accordance with the Companies Act, 2013, and other applicable regulations. The board's decision will determine the specific structure and timing of the fund raising exercises.

The regulatory filing was submitted pursuant to Regulation 29, 50, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The following table outlines the two primary proposals on the board's agenda for the June 29 meeting:

Yes Bank received an Order-in-Appeal from the Uttar Pradesh Goods and Services Tax (GST) department on June 20, 2026, confirming a penalty of Rs 3.02 crore pertaining to FY 2021-22. The order, passed by the Additional Commissioner (Appeals), upholds the penalty under Section 73 of the Central Goods and Services Tax Act, 2017, in addition to tax demand and applicable interest.

The bank had previously intimated the exchanges on December 25, 2025, regarding an Order-in-Original from the Joint Commissioner that levied a penalty of Rs 3.31 crore. The current order reduces the penalty demand to Rs 3,02,31,095 following a partial drop in demand in the bank's favor.

Financial Impact and Legal Position

Yes Bank stated that it believes it has adequate factual and legal grounds to substantiate its position. Consequently, the bank does not anticipate any material impact on its financial, operational, or other activities resulting from the order. The bank intends to take appropriate steps, including contesting the order through appeal within the prescribed timelines.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.