No upcoming dividends are available.
No past dividends are available.
No upcoming corporate actions available.
No past corporate actions available.
No Upcoming announcements available.
Pursuant to Shareholder Agreement dated September 27, 2016 (post receipt of RBI’s in-principle approval for issue of SFB license) and subsequent amendments thereto, Mr. Govind Singh was to be issued up to three percent (3%) of the paid-up share capital of the promoter company either by the promoter company or by the SFB entity on a fully diluted basis within a period of 6 years from the date of commencement of banking operations i.e. upto January 22, 2023. Subject to RBI approval, the Board of Directors of the Bank has, vide the resolution passed at its meeting held on January 14, 2020, read along with the resolution passed by it on July 20, 2020, approved the grant of options equivalent to 0.60% of the paid-up share capital of the Bank as of March 31, 2020, constituting 4,555,633 Equity Shares to Mr. Govind Singh, Managing Director and Chief Executive Officer of the Bank under the MD & CEO ESOP Plan. However, as of date, pending RBI approval, no options have been granted to Mr. Govind Singh.
|-||March 31, 2020|
Pursuant to the shareholder agreement Mr. Govind Singh or the Trust (RAAG FAMILY PRIVATE TRUST) has the right to subscribe up to 2,566,969 equity shares of the Company at a price of INR 109.36.or its equivalent equity in Utkarsh Small Finance Bank Limited(USFBL). During the current year, Mr. Govind Singh has exercised his right and USFBL has granted 2,00,18,918 shares of face value INR 10 each by way of ESOP under “Utkarsh Small Finance Bank Limited (USFBL) MD & CEO Employee Stock Option Plan 2020” on January 14, 2020, subject to RBI approval.
|-||Jan. 14, 2020|
The Group had issued 60,543,000 0.01% non-redeemable, mandatorily and fully convertible debentures (CCDs) of Rs.10 each at par on 12 December 2014. Upto maximum of 9 debentures are convertible into one equity share. The debenture holders have exercised their right to convert to convert the CCDs into equity shares on 10 September 2016.
|-||Sept. 10, 2016|
|Legal Orders||Reference||Announced On|
|No legal orders available.|