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H.O. Account & Audit Department
"SHARES CELL" Bank House, 1st Floor 21, Rajendra Place, New Delhi-110008
Phone : 011-25782926, 25812922, 25817353, 25728930, Telefax : 25781639, 15728919, Email :complianceofficer@psb.co.in
ffl/Ref.No.
�/Dated: ..... ....... ......... .....
March 31, 2022
BSE Limited,
Derartment of Corporate Services,
Dalal Street, Fort,
251 floor, Phiroze Jeejeebhoy Towers,
Exchange Plaza, C - I, Block - G, Bandra Kurla Complex, Sandra (East),
National Stock Exchange of India Ltd.,
Mumbai-400 001.
Mumbai - 400 051.
SYMBOL: PSB SERIES: EQ
SCRIP ID : PSB
SCRIP CODE : 533295
Dear Sir,
Reg: Extra Ordinary General Meeting held on 31.03.2022; Clause 44 (3) of SEBI (LODR)
Regulations, 2015
This is rther to our communication dated 09.03.2022. The following agenda item was approved by the shareholders by e-voting from 26.03.2022 (10.00 a.m) to 30.03.2022 (5.00 p.m) & during the EGM, om 11:15 a.m to 12:00 noon in the Extra Ordinary General Meeting held on 31.03.2022:
I. To create, offer, issue and allot 2,72,51,18,483 (Two Hundred and Seventy Two Crore Fiſty One Lakh Eighteen Thousand Four Hundred and Eighty Three only) equity shares of Rs. 10 each r cash at an issue price of Rs.16.88 per equity share (including premium of Rs.6.88 per equity share) aggregating to Rs.4600 crore (Rupees Four Thousand Six Hundred crore only) on preferential basis to Government of India
We are rwarding the llowing documents in respect of the meeting:
Voting results as per Regulation 44 (3) of SEBI (LODR) Regulations, 2015, consolidated report r e-voting & E-voting during EGM.
Proceedings of the Extra Ordinary General Meeting
We request you to take on record the above.
Yours ithfully,
i�c�
rnpany Secretary
[Saket Mehrotra]
Punjab & Sind Bank
Voting Result of the EGM of the Bank held on March 31, 2022
Date of EGM
Total number of shareholders on record date
I
I
No. of shareholders present in the meeting either in person or through proxy
a) Promoters and Promoter group b) Public
I
31-03-2022 133017
NA
No. of shareholders attended the meeting through video conferencing
a) Promoters and Promoter group
b) Public
I
1 14
Resolution required: (Ordinary/ Special)
Special
Description of resolution considered
To create, offer, issue and allot 2,72,51,18,483 (Two Hundred and Seventy Two Crore Fifty One Lakh Eighteen Thousand Four Hundred and Eighty Three only) equity shares of Rs. 10 each for cash at an issue price of Rs.16.88 per equity share (including premium of Rs:6.88 per equity shar-e) aggregating to Rs.4600 crore (Rupees Four Thousand Six Hundred crore only) on preferential basis to overnment of India
Category
Mode of votingNo. of shares held
(1)
No. of votes polled
(2)
% of Votes polled on outstanding shares (3)=((2)/(1)]*100
No. of votes - in favour
Total
Promoter and Promoter GroupE-Voting Poll
Postal Ballot (if applicable)
3933932610
100.0000
0
0.0000
3933932610
0
0.0000
(4)
3933932610
0
0
Total E-Voting Poll
Public- Institutions
Postal Ballot (if applicable)
Public- Non Institutions
Total E-Voting Poll
Postal Ballot (if applicable)
3933932610
3933932610 42458446 0
100.0000 97.3052 0.0000
3933932610 42458446 0
43634299
0
0.0000
0
43634299
42458446
97.3052 0.1149
42458446
Total
Total
4052667964
75101055
75101055
3976477340
86284
86284
0
0
98.1200
0.1149
0.0000
0.0000
3976466608
75552
75552
0
0
No. of votes - | % of votes in favour | % of Votes against on |
against | on votes polled | votes polled |
(5) | (6)=((4)/(2)1*100 | (7)=((5)/(2)]*100 |
100.0000 | 0.0000 | |
0.0000 | 0.0000 | |
0.0000 | 0.0000 | |
100.0000 | 0.0000 | |
100.0000 | 0.0000 | |
0.0000 | 0.0000 | |
0.0000 | 0.0000 | |
100.0000 | 0.0000 | |
87.5620 | 12.4380 | |
0.0000 | 0.0000 | |
0.0000 | 0.0000 | |
87.5620 | 12.4380 | |
99.9997 | 0.0003 |
0
0
0
0
0 0 0
0
0 10732
0
10732
10732
PROCEEDINGS OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF PUNJAB & SINO BANK HELD ON THURSDAY, THE 318T MARCH, 2022 AT 11.00 A.M. THROUGH VIDEO CONFERENCING AT PUNJAB & SIND BANK, HEAD OFFICE, 21, RAJENDRA PLACE NEW DELHI-110 008.
PRESENT:
1. | Sh. S Krishnan | Managing Director &CEO | |
2. | Sh. Kollegal V Raghavendra | Executive Director | |
3. | Dr. Ramjass Yadav | Executive Director | |
4. | Sh K P Patnaik | Director | Through VC |
5. | Sh T. R. Mendiratta | Director | Through VC |
6. | Sh Shankar Lal Agarwal | Director | Through VC |
15 Shareholders attended the Extraordinary General Meeting through Video Conferencing.
1. Sh.Pankaj Dwivedi - Board Secretary & General Manager, welcomed the shareholders at the Extraordinary General Meeting of shareholders of the Bank and requested the Chairman of the meeting to address the Shareholders and thereafter to take up Agenda items.
2. Sh. S Krishnan - Managing Director & CEO of the Bank, presided over the
Meeting in terms of the Regulation 59 of Punjab & Sind Bank (Shares & Meetings) Regulations, 2008 (Chairman of the Meeting).
3. The Chairman of the Meeting welcomed the Shareholders Pursuant to
Regulation 59 of the Punjab & Sind Bank (Shares and Meetings) Regulations, 2008, he, in consultation with Company Secretary of the Bank announced that the necessary quorum was present and accordingly declared that the meeting was in order.
4. The Chairman of the meeting informed that the Bank had published Notice seeking email ids of Shareholders whose email ids were not registered either with the Bank or with the Depositories in Financial Express (English Newspaper) and Jansatta (Hindi Newspaper) on 03rd March 2022.
5. The Chairman of the meeting further informed that another notice was published in Financial Express (English Newspaper) and Jansatta (Hindi
Newspaper) intimating the mailing of notices and the e-voting instructions on 10th March 2022. The Notice of this Meeting has been hosted on the website of the Bank, Websites of NSE, BSE and CDSL. With the permission of the shareholders present, the notice was taken as read.
6. The Chairman of the Meeting then addressed the shareholders and apprised the shareholders on the Capital Infusion by Government of India.
7. The Chairman of the meeting then moved the special resolution as per the notice of the EGM:
Agenda Item No.1: To create, offer, issue and allot 2,72,51,18,483 (Two Hundred and Seventy Two Crore Fifty One Lakh Eighteen Thousand Four Hundred and Eighty Three only) equity shares of Rs. 10 each for cash at an issue price of Rs.16.88 per equity share (including premium of Rs.6.88 per equity share) aggregating to Rs.4600 crore (Rupees Four Thousand Six Hundred crore only) on preferential basis to Government of India.
8. The Chairman of the Meeting informed that in terms of Regulation 44 of the
SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 with Rule 20 of Companies (Management and Administration) Rules, 2014 as amended, the Bank had provided e-voting facility to the shareholders, through Central Depository Services (India) Limited (CDSL) from 10.00 a.m. on 26th March 2022 to 5.00 p.m. on 30th March 2022.
9. The Chairman of the Meeting informed that the Bank has appointed M/s S N
Ananthasubramanian & Co, Company Secretaries, as Scrutinizer to oversee the remote e-voting and the e-voting process.
10.The Chairman then invited participation of the shareholders on the agenda items as contained in the Notice of this meeting.
11. The Chairman then informed that the Bank was in receipt of requests from 4 shareholders to speak at the meeting. All the 4 shareholders joined the meeting, and the Chairman responded to their queries to the satisfaction of the house. However, one shareholder viz. Sh Ankur Chanda did not respond. He also did not answer even when contacted on his mobile. After waiting for sufficient time, the Chairman announced in the meeting that he may send his queries / suggestions / comments through e-mail, which would be suitably answered.
12.The Chairman requested the shareholders who had not cast their votes to vote on the agenda items and informed that the voting will close after 15 minutes of the conclusion of the Meeting
13. He then announced the conclusion of the Meeting.
14.Based on the consolidated report, the following agenda item was declared as passed with Requisite Majority:
Agenda Item No.1:
To create, offer, issue and allot 2,72,51,18,483 (Two Hundred and Seventy Two Crore Fifty One Lakh Eighteen Thousand Four Hundred and Eighty Three only) equity shares of Rs. 10 each for cash at an issue price of Rs.16.88 per equity share (including premium of Rs.6.88 per equity share) aggregating to Rs.4600 crore (Rupees Four Thousand Six Hundred crore only) on preferential basis to Government of India - Special Resolution
"RESOLVED THAT pursuant to the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and Punjab & Sind Bank (Shares and Meetings) Regulations, 2008 and subject to the approvals, consents, sanctions, if any, of Reserve bank of India (RBI), Government of India (GOI), Securities and Exchange Board of India (SEBI), and/ or any other authority as may be required in this regard and subject to such terms, conditions and modifications thereto as may be prescribed by them in granting such approvals and which may be agreed to by the Board of Directors of the Bank and subject to SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018 [SEBI (ICDR) Regulations], Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 and regulations as may be prescribed by RBI and other relevant authorities from time to time and subject to the Listing Agreements entered into with the Stock Exchanges where the equity shares of the Bank are listed, consent of the shareholders of the Bank be and is hereby accorded to the Board of Directors of the Bank (hereinafter called "the Board" which shall be deemed to include any Committee which the Board may have constituted or hereafter constitute, to exercise its powers including the powers conferred by this Resolution) to create, offer, issue and allot upto 2,72,51,18,483 equity shares of Rs.10/- each (Rupees Ten only) for cash at Rs.16.88 per equity share including premium of Rs.6.88 per equity share as determined on the basis of the valuation report dated 02.03.2022 provided by Sh Yashlok Dubey, Independent Registered Valuer (Registered Valuer No.lBBI/RV/03/2019/11087) in accordance with Regulation 165 of SEBI ICDR Regulations aggregating upto Rs.4600 crore on preferential basis to Government of India (President of India)."
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Punjab & Sind Bank published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 13:35:02 UTC.