YES Bank has announced the receipt of INR 210 crores from two separate trusts in its Security Receipts Portfolio, marking a significant development in its asset reconstruction activities. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 31, 2026.

Receipt Details from Security Receipts Portfolio

The bank received funds from two distinct trusts as part of its Security Receipts Portfolio related to the loan portfolio previously sold to J. C. Flower Asset Reconstruction Private Limited (JC Flower ARC) on December 17, 2022. The receipt breakdown shows substantial amounts from both trusts.

Regulatory Compliance and Disclosure Requirements

The disclosure was necessitated as the funds received from each trust individually exceeded both the underlying carrying value of the respective trusts and the materiality threshold prescribed under the amended Listing Regulations. This regulatory requirement ensures transparency in significant financial transactions that could impact stakeholders' interests.

Background and Context

This receipt relates to YES Bank's earlier strategic decision to sell its NPA (Non-Performing Assets) Portfolio to JC Flower ARC in December 2022. The current receipt represents proceeds from the Security Receipts issued as part of that transaction, demonstrating the ongoing value realization from the bank's asset reconstruction initiatives.

Compliance and Information Dissemination

In accordance with the Listing Regulations, YES Bank has ensured that the disclosure information is hosted on its official website at www.yes.bank.in . The bank has also provided the relevant weblinks of both BSE Limited and National Stock Exchange of India Limited for appropriate dissemination to all stakeholders and market participants.

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.