YES BANK has officially notified the National Stock Exchange of India Limited and BSE Limited about the dispatch of postal ballot notice and remote e-voting instructions to its members. The bank published newspaper advertisements on March 26, 2026, informing members about the postal ballot process and e-voting facility.

Postal Ballot Notice Dispatch

The bank dispatched the postal ballot notice along with remote e-voting instructions via email on March 25, 2026, to members who have registered their email addresses with the bank, KFin Technologies Limited (RTA), or their respective Depository Participants. The cut-off date for determining eligible members was March 20, 2026.

E-Voting Process Details

YES BANK has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to its members. The e-voting process allows members to cast their votes electronically instead of submitting physical postal ballot forms.

Regulatory Compliance

The postal ballot process is being conducted in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and Rules 22 and 20 of the Companies (Management and Administration) Rules, 2014. The bank is also following MCA Circulars, including General Circular No. 03/2025 dated September 22, 2025, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Member Information and Support

Members who have not received the postal ballot notice via email can write to shareholders@yes.bank.in with the subject "Postal Ballot Notice" to obtain the same. The notice is also available on the bank's website at www.yes.bank.in and on stock exchange websites. For e-voting related queries, members can contact NSDL at 022-4886 7000 or email evoting@nsdl.com .

Scrutinizer Appointment

The Board of Directors has appointed Ms. Manisha Maheshwari, Partner of M/s Bhandari & Associates, Company Secretaries, and failing her, Mr. S. N. Bhandari, Partner, M/s Bhandari & Associates, Company Secretaries as Scrutinizer to ensure fair and transparent conduct of the postal ballot process. The results will be communicated to both NSE and BSE and made available on their respective websites.

YES Bank has received a penalty order of Rs 79,38,000 from the Maharashtra Goods and Services Tax (GST) department, the bank announced in a regulatory filing on March 26, 2026. The penalty pertains to financial years 2019-20 through 2021-22 and relates to Input Tax Credit (ITC) matters.

Penalty Details and Legal Framework

The Maharashtra GST department issued the order on March 25, 2026, imposing the penalty under Section 122(1)(ii) of both the Central Goods and Services Tax Act, 2017 (CGST Act) and the Maharashtra Goods and Services Tax Act, 2017 (MGST Act). The penalty specifically addresses alleged violations related to Input Tax Credit matters during the specified period.

Bank's Response and Legal Strategy

YES Bank has indicated it will take appropriate legal steps to contest the penalty order. The bank stated it will file an appeal within the prescribed timelines and believes it has adequate factual and legal grounds to substantiate its position in this matter. According to the bank's assessment, it does not expect any material impact on its financial, operational, or other activities due to this order at the current juncture.

Regulatory Compliance and Disclosure

The bank has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both the National Stock Exchange of India Limited and BSE Limited about this development. The information has also been made available on the bank's website at www.yes.bank.in as required under the listing regulations.

The disclosure was signed by Sanjay Abhyankar, Company Secretary of YES Bank, and includes comprehensive details about the penalty order as mandated by SEBI's regulatory framework for material events disclosure.