2.Ordinary Business - To discuss, approve and adopt the Balance Sheet together with a statement of Profit & Loss and Cash Flow of the Bank made up to 31st March 2021, the Report of the Board of Directors on the working and activities of the Bank for the period ended 31st March 2021 and Auditors' report on Balance Sheet and statement of Profit & Loss and Cash Flow.
3.Special Business - To Raise Equity Share Capital amounting up to Rs. 2500 Crore (including premium) by way of Qualified Institutional Placements (QIP) / Rights Issue / Private Placement / Preferential Allotment / any other approved means during the Financial Year (FY) 2021-22 subject to market conditions and necessary approvals.
3.Special Business - Appropriation of accumulated losses of Rs. 18495.30 Crore (Rupees Eighteen Thousand Four Hundred Ninety-Five Crore and Thirty Lakh only) from Share Premium Account of the Bank.
Read Why using Security Premium for writing off losses can be worrisome.
4. Cut-off Date & E-Voting Period: The members who are holding shares as of the Cut-off Date i.e., 27th July 2021 can cast their vote in favor of or against the resolution. The e-voting portals will remain open from 9 a.m. on 30th July 2021 to 5 p.m. on 2nd August 2021. The e-voting facility shall be blocked forthwith on 2nd August 2021 at 5 p.m.
5.Procedure for E-Voting: As per the SEBI circular dated December 9, 2020, on the e-voting facility provided by Listed Companies, individual members holding securities in Demat mode are allowed to vote through their Demat account maintained with Depositories and Depository Participants. In compliance with the above guidelines, arrangements have been made to vote electronically from the depository system by the individuals. Members are advised to update their mobile number and email ID in their Demat accounts in order to access the e-voting facility.
6.Appointment of Scrutinizer - the Bank has appointed M/s S N Ananthasubramanian & Co, Practising Company Secretaries, as Scrutinizer who will oversee the conduct of the remote e-voting process in a fair and transparent manner. Institutional shareholders (i.e. other than Individuals, HUF, NRI, etc.) are also required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/Authority letter, etc., together with attested specimen signature of the duly authorized signatory (ies) who are authorized to vote, to the Scrutinizer through e-mail at scrutinizer@snaco.net with a copy marked to evoting@kfintech.com on or before 5 p.m. of 29th July 2021.
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