10/25-26, 2nd Floor, Brindaban, Thane (W) - 400 601
T: +91 22 25345648 | +91 22 25432704
E: snaco@snaco.net|W: www.snaco.net
ICSI Unique Code: P1991MH040400
The General Manager
Listing Operation,
BSE Limited,
P. J. Towers,
Dalal Street,
Mumbai - 400 001.
Dear Sir,
Sub: Application for "In-principle approval" by Punjab & Sind Bank prior to issue and allotment of upto 272,51,18,483 equity shares of Rs.10/- each at a premium of Rs.6.88 per equity share to Government of India (GOI) on preferential basis under Regulation 28(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We, S.N.ANANTHASUBRAMANIAN & CO., Company Secretaries, have verified the relevant records and documents of Punjab & Sind Bank (the Bank) with respect to the proposed preferential issue by the Bank as per Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and certify that:
- Government of India, the proposed allottee and Promoter of the Bank has not sold any equity shares of the Bank during the ninety trading days period preceding the Relevant Date i.e. 28th February, 2022.
- The entire pre-preferential shareholding of Government of India, is held in dematerialized form, and has been locked in accordance with Regulation 167 (6) SEBI (ICDR) Regulations, 2018. Further, there is no sale/ pledge of pre- preferential holding from 28th February, 2022 (relevant date) till date.
MALATI ANIL
KUMAR
Page 1 of 3
Digitally signed by
MALATI ANIL KUMAR Date: 2022.03.07 17:13:30 +05'30'
M A LA T I KU M A R
P A RT N ER
A CS 15 50 8
COP No. 10980
The details of allottee-wisepre-preferential shareholding and lock-in thereon is as
given hereunder:
Name of the | DP ID | Quantity | Lock-in details | |
Proposed | (Number of | |||
Allottee | shares) | |||
From | To | |||
The President | 1204720012202993 | |||
302,44,05,307 | 04-03-2022 | 30-09-2022 | ||
of India | ||||
9,89,93,710 | 12-12-2019 | 21-12-2022 | ||
(Government | ||||
81,05,33,593 | 19-04-2021 | 30-04-2024 | ||
of India) | ||||
Total | 3,93,39,32,610 | |||
- The proposed allottee viz. GOI, being the promoter, is not ineligible for allotment in terms of Regulations159 (2) of SEBI (ICDR) Regulations, 2018.
- The Bank has complied with all the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and/or Banking Regulation Act, 1949.
The Bank being a Corresponding New Bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act of 1970, is not registered as a Company under the Companies Act 2013 and thus, Section 42 and 62 of the Companies Act 2013 and Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 are not applicable.
MALATI ANIL KUMAR
M A LA T I KU M A R | |
Digitally signed by | P A RT N ER |
A CS 15 50 8 | |
MALATI ANIL | |
COP No. 10980 | |
KUMAR | |
Date: 2022.03.07 | |
17:13:43 +05'30' |
Page 2 of 3
The Bank has complied with all legal and statutory formalities and no statutory authority has restrained the Bank from issuing these proposed securities.
For, S. N. ANANTHASUBRAMANIAN & CO.
Company Secretaries
MALATI ANIL KUMAR
Digitally signed by MALATI ANIL KUMAR
Date: 2022.03.07 17:13:52 +05'30'
M A LA T I KU M A R
P A RT N ER
A CS 15 50 8
COP No. 10980
Malati Kumar
Partner
ACS : 15508
COP No. : 10980
ICSI UDIN : A015508C002825865
Date | : 07th March, 2022 |
Place | : Thane |
Page 3 of 3
10/25-26, 2nd Floor, Brindaban, Thane (W) - 400 601
T: +91 22 25345648 | +91 22 25432704
E: snaco@snaco.net|W: www.snaco.net
ICSI Unique Code: P1991MH040400
National Stock Exchange of India Ltd.
Exchange Plaza,
Plot no. C/1, G Block,
Bandra-Kurla Complex
Bandra (E)
Mumbai - 400 051.
Dear Sir,
Sub: Application for "In-principle approval" by Punjab & Sind Bank prior to issue and allotment of upto 272,51,18,483 equity shares of Rs.10/- each at a premium of Rs.6.88 per equity share to Government of India (GOI) on preferential basis under Regulation 28(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We, S.N.ANANTHASUBRAMANIAN & CO., Company Secretaries, have verified the relevant records and documents of Punjab & Sind Bank (the Bank) with respect to the proposed preferential issue by the Bank as per Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and certify that:
- Government of India, the proposed allottee and Promoter of the Bank has not sold any equity shares of the Bank during the ninety trading days period preceding the Relevant Date i.e. 28th February, 2022.
- The entire pre-preferential shareholding of Government of India, is held in dematerialized form, and has been locked in accordance with Regulation 167 (6) SEBI (ICDR) Regulations, 2018. Further, there is no sale/ pledge of pre- preferential holding from 28th February, 2022 (relevant date) till date.
MALATI
Digitally signed by
ANIL
KUMAR
Page 1 of 3
MALATI ANIL KUMAR
Date: 2022.03.07 17:12:39 +05'30'
M A LA T I KU M A R
P A RT N ER
A CS 15 50 8
COP No. 10980
The details of allottee-wisepre-preferential shareholding and lock-in thereon is as
given hereunder:
Name of the | DP ID | Quantity | Lock-in details | |
Proposed | (Number of | |||
Allottee | shares) | |||
From | To | |||
The President | 1204720012202993 | |||
302,44,05,307 | 04-03-2022 | 30-09-2022 | ||
of India | ||||
9,89,93,710 | 12-12-2019 | 21-12-2022 | ||
(Government | ||||
81,05,33,593 | 19-04-2021 | 30-04-2024 | ||
of India) | ||||
Total | 3,93,39,32,610 | |||
- The proposed allottee viz. GOI, being the promoter, is not ineligible for allotment in terms of Regulations159 (2) of SEBI (ICDR) Regulations, 2018.
- The Bank has complied with all the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and/or Banking Regulation Act, 1949.
The Bank being a Corresponding New Bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act of 1970, is not registered as a Company under the Companies Act 2013 and thus, Section 42 and 62 of the Companies Act 2013 and Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 are not applicable.
MALATI ANIL KUMAR
Digitally signed by | M A LA T I KU M A R |
MALATI ANIL | P A RT N ER |
KUMAR | A CS 15 50 8 |
Date: 2022.03.07 | COP No. 10980 |
17:12:52 +05'30' |
Page 2 of 3
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Punjab & Sind Bank published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 12:41:09 UTC.