Yes Bank : General updates

YBL/CS/2022-23/076
September 17, 2022
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza,	Corporate Relations Department
Plot no. C/1, G Block,	P.J. Towers, Dalal Street
Bandra - Kurla Complex	Mumbai - 400 001
Bandra (E), Mumbai - 400 051	Tel.: [phone]/8307
NSE Symbol: YESBANK	BSE Scrip Code: 532648
Dear Sirs,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations")

The Bank had acquired 12,63,50,146 equity shares constituting 8.74% of the post-issuepaid-up share capital of Jhabua Power Limited pursuant to invocation of pledge, which was informed to the stock exchanges on June 27, 2020.

Under the Corporate Insolvency Resolution Process of Jhabua Power Limited approved by the Hon'ble National Company Law Tribunal, Kolkata, as per the Clause 9.2.2 of the Resolution Plan, the existing equity share capital held by the existing lenders stands extinguished and settled with effect from transfer date without liabilities, claims or obligations whatsoever against the Company (i.e. Jhabua Power Ltd.) or the Resolution Applicant. Further, the Resolution Professional of Jhabua Power Limited has informed that the successful Resolution Applicant have made the payment as per the approved resolution plan on September 05, 2022 (Transfer Date) and accordingly, the old equity has been extinguished.

In view of the above, the Bank's holding of 12,63,50,146 equity shares (constituting 8.74% of the paid-up share capital) of Jhabua Power Limited stands extinguished as on September 05, 2022, which came to the knowledge of Yes Bank on September 16, 2022.

The details of extinguishment/disposal of shares in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are given below:

S. No.	Particulars	Details
1.	the amount and percentage of the	Not Applicable.
	turnover or revenue or income	Jhabua Power Limited is an unlisted entity.
	and net worth contributed by
	such unit or division of the listed
	entity during the last financial
	year
2.	date on which the agreement for	Not Applicable as the disposal is on account of
	sale has been entered into	Resolution Plan approved by NCLT, Kolkata
3.	the expected date of completion	Not Applicable
	of sale/disposal
4.	consideration received from such	Nil
	sale/disposal

Registered & Corporate Office: YES BANK Limited, YES BANK House, Off Western Express Highway, Santacruz (East), Mumbai 400055 Tel: [phone], Fax: [phone] Website: www.yesbank.inEmail: [e-mail]: L65190MH2003PLC143249

5.	brief details of buyers and	Not Applicable.
	whether any of the buyers belong
	to the promoter/ promoter	The shares have been extinguished pursuant to
	group/group companies. If yes,	Resolution Plan approved by NCLT, Kolkata
	details thereof
6.	whether the transaction would	No. Jhabua Power Ltd. is not a related party of
	fall within related party	the Bank.
	transactions? If yes, whether the
	same is done at "arms length"
7.	additionally, in case of a slump	Not Applicable
	sale, indicative disclosures
	provided for amalgamation/
	merger, shall be disclosed by the
	listed entity with respect to such
	slump sale

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For YES BANK LIMITED

SHIVANAND RAMA SHETTIGAR

Digitally signed by

SHIVANAND RAMA SHETTIGAR Date: 2022.09.17 08:37:21 +05'30'

Shivanand R. Shettigar

Company Secretary

Registered & Corporate Office: YES BANK Limited, YES BANK House, Off Western Express Highway, Santacruz (East), Mumbai 400055 Tel: [phone], Fax: [phone] Website: www.yesbank.inEmail: [e-mail]: L65190MH2003PLC143249