PUNJAB & SIND BANK — Proxy Solicitation & Information Statement 2019

Oct 16, 2019

"SHARES CELL" Bank House, 1st Floor , 1st Floor 1st Floor "mR <fiat" � �. �� "ffi>f, 21, , Rajendra Place, New Delhi-110008ace, New Delhi-110008ce, New Delhi-110008, New Delhi-110008 JJ.cf>J. mm� mm 'Cfftm �'Cfftm � H.O. .O. O. . Account & Audit Department 21, , � �-� �-110008

II C\rijl � ;ft oft � ci Gt I ti (.! 0'5 ft.[� ifcl) Punjab & Sind Bank . . itt Phone : 011-25782926, 25812922, 25817353, 25728930, Telefax : 25781639, 15728919, Email : complianceofficer@psb.co.in llfl•S � fRtr h "SHARES CELL" Bank House, 1st Floor , 1st Floor 1st Floor "mR <fiat" � �. �� "ffi>f, 21, , Rajendra Place, New Delhi-110008ace, New Delhi-110008ce, New Delhi-110008, New Delhi-110008 JJ.cf>J. mm� mm 'Cfftm �'Cfftm � H.O. .O. O. . Account & Audit Department -�.- . l (1m ffl'i!i!HH1rsr;1T/A Govt. of India Undertaking) 21, , � �-� �-110008

/Ref. No. ffi Ref: PSB/HO/Shares Cell/ /2019-20

· · · · · · · · · · · · · · ·· · · · · · %1Jt86�rat��2o-t9

To,

Bombay Stock Exchange Limited, National Stock Exchange of India Ltd., 25 Der,artment of Corporate Services, t1 floor, Phiroze Jeejeebhoy Towers, Sandra Kurla Complex, Bandra (East), Exchange Plaza, C- 1, Block-G, Dalal Street, Fort, Mumbai -400 051. Mumbai - 400 001. SYMBOL: PSB SERIES: EQ SCRIP ID : PSB SCRIP CODE : 533295

Dear Sir,

th November 2019 Reg: Publication of Notice for Extraordinary General Meeting on 11

This is in continuation to our letter dated 15/10/2019 informing stock exchanges about Extraordinary General meeting of the Bank scheduled to be held on Monday, 11 th November 2019 at 10.00 AM at Punjab & Sind Bank, Staff Training College, Institutional Area, Plot No.3, Sector 3, Rohini, Delhi 110085.

We are forwarding a copy of notice of Extraordinary General Meeting published in Financial Express (English newspaper) and Jansatta (Hindi newspaper) on 16.10.2019.

You are requested to take a note of the same.

Yours faithfully,

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[Vinay Khandelwal] Companiecretary

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£-VOTING

• The remote e-votlng period begins on Friday, OB" No\lember, .2019, at 10.00A.M. and ends on Sunday, 10"November 201g, alS P.M. During this period, shareholders of :ha Bank, holding shares either In physlcal form or in demateriallsad form, as on the cut-off date I.e. 04'" November2019, may cast ttiair vota elecvonicafly. The·� .. module shaR tie disabled byCOSC.� ".Oli�Jhereafer and the remote

'· � ·. the fol owing apecial business: NPTICE IS.HEREBY GIVEN that pursuant to Regulation 57 of Punjab & Soctor·�_,Near�aipur.Golden Hospital, Ftohinl, Oelhl-110 065, ioiransact ' ·. Slrld Bank (Shares and Meetings) Regulations, 2008, an Extraordlhary · 'GeniM'llt Melitlng o{ the Shareholders of PUNJAB & SINO BANK wil be ·held 'ori. Monit.y, If,. 11•. day of November, 2019, at 10.00 A.M. at Punjab &"Slnd Bani(, Staff Training College, Plot No. 3, lnstltutlonal Area,

. Once the vote on • resolution Is casted by the&-voting shall not be al owed beyond 5.00 P.M.; 10 November, 2019. -mem&er, the member' . ·shallnotbeallowed tochange ltsubsequenw. ''. ·. . �.·

. •· The voting rlghl.Q af membe, wn bo in propprtion·to,thelr 11�-.¢: ' ,()4.Novembet 2019. the paid up equity ,sham capital of the Bimk as on the cut-off date of · • • ° · • Allyperson,whoacqulres�res ofthe Bank,and becomii Membetof the Bank after dispatch of the Notice and hOldl_ng shares as on cut-olf date, I.e. 04•· November, 2019;-·may write to Registra &' Sham. Transfer Agent of he Bank, Mia t.lnk lnllme'lndla (P) i:td , or aend en 'ema" at he!pdoa�ev6ti,,g@odlslinqia.com' to ·,obtain 1ogtn·to and pesswordforpertidpa ln,e·��g: � i ,:·' I , • . • , . Toe facility ror voting through ballot paper �n be'mllde available at 1118 EGM and the members attending the meeting who have not cast their vote by e-votlrig shall be able to exercise th,1r voting iight, at the · · ' meeUngttvoughbellotpapeL

· Item No.1; !Hue of Equity Shares on Preferential Basis. To ·,consider and If thought flt, to paH with or wffhout modlflcatlon(a) , tho following Roaolutlon1(1) as Special Ro�olutlon(s):

' ',U:SOLVED "THAT pursuant to the proy,sions- of the Banking Companies (Aoquisltlon & Transfer of Undertakings) Act. 1980 , (hereinafter mfarred to as the "Act") mad with the Nationalised Banks , -(�an9;gement . and Miscellaneous Provisions) qchame, 1960 '($hares(hereinafter referred to as the "Scheme") and Punjab & Sllld Bank & Meetings) Regulations, 2006 (hereinafter refermd to as the " · "Regula1ion1") and subject o the approvals, consents, sanctions, If any, 0(1Reserve Bar\k of India (RBI), Government of India (GOI), Securities .a"4 Exchange Board of India (SEBI), andlor any other authority as may be required In this regard end subject to such terms, conditions and rpodiflcations thereto as may be prescribed by them in granting such approvafs and which may be agreed to by the Board of Directors of the Bank and subject to SEBI (Issue of Capital & Olaclosure Requirements) Regulations, 2018 [SEBI (ICDR) Regulations], SEBI (Listing Obllgetlons & Disclosure Requirements), Regulations 2015 (SEBI (LODR,_-R!1 ulatlons), ea amended from time to time and regulations prescribed by RBI and all other relevant authorities from time to time and subfectto the Listing Agreements entered Into with the Stock Exchanges where the equity shares of the Bank are listed, consent ix the · shareholders of the Bank be and Is hereby accorded to the Board of Di(l!Clors of the Bank (hereinafter called "Board") which shall be deemed to Include a committee which the Board "!SY have constituted orfrriay constltute, to exercise Its powers Including the powers confenred by !his retOlut on) to Cl8ale, offer, Issue and allot up to 322938038 Equity Shares to the President of India (Government of India) on prefemntial b8�; of t,he face value of Rs. 10/- each on preferential basis.at an Issue pf'\ce Rs.24.37 per Equity Sham (Including premium of Rs.14.-S7 per Eqolti$hare)determlned In accordance with Regulation 164 (1)ofSEBI Croce �Rupees Seven Hundred Eighty Seven Crore(ICDR) ,Regulations as emended from time to time amounting to Rs. 787 ·�ly)." "RESOLVED SURTHER THAT the Relevant Dato for the prefe· ential 1ssue;, for determinatioo of minimum price of the issue of the above mentioned Equity Shares shall be 11.10.2019 (12.10.2019 being we kend),belngthe(!ate"30 dayspnor:tothedatebfEGM." :RESOl.VED FURTHER THAT ihe Bqard shall haye authority and power � accept any modificatlon In the�roposal as q,ay be tequlred « Imposed by the Government ofndia / Reserve Bank of lndla / Secllritles & :, ,Exchange Board of. In / Stock Exchanges wtiem the shares' of the . Bank ·are .listed or s other. app(Op{iate authorities at the tim& of accorolng/ rariting the · · I�, eo_nsel)ts, pennissions and sanctions to Issue, ellotmenland n ting thereof and ail�greed to by the Board." � "RESOLVED FURTHER THAT the said Equity Shares to be 1ssued and ­ allotted on preferential basis In porsuance of this Resolution shall be lsst.Hld In dematerialised form and shall be subject \o lock-in requirements required under "SEBI (ICOR) Regulations" and shaft rank parl pauu In all respects with the exlsting equity &hares of the Bank in all respects and shall be entitled to dividend declared, If any, In accordance with the statutory guldeUnes or any other law that are In force ilt the �me of such declaration.• · · "RESOLVED FURTHER THAT for the porpose of giving ef ea to til s .Resolution; the Board be and is hereby authorised to do an such acts, deeds, matters and thlnos as it may In Its abSQlute discretion de m necessary, proper and desirable and IQ. settle any question, difflClity or doubt that may arise In regard to the Issue of the Equity Shares and further\o do all such acts, deeds, matters and things, finalise and exeoute al documents and wrtUngs as may be necesas'lt may In Its absolute dlscreUon deem flt, proper or desirable without ary, desirable or expedient being required to seek any further consent or approval of the shareholders or authorise to the end and Intent that the shareholders shell � deemed to have given their approval thereto expressly by the autliority of this resolution" •RESOLVED FURTHER TI1AT the Board be and Is hemby authorised to delegate all or any of the powers herein conferred on It, to the Managing Director and Chief Executive Officer or Executive Director or such other offlcer(s) of the Bank as It may deem flt to give effect to the aforesaid Resolution.•

• · The members who have castlheirvote by remote e-votlngrriay attend ' ,. the EGMbtr shallnotbe ntidedtocastthelrvoteagaln: ·

· • The re'sults decla'rt<!,alongwlth the report of ihe �miser. shall be placed on the website of the Bank www.psblnd1a.com "and on the webalte of CDSL, linmediately after the declaration of result by the Chairman or a·peraon authorised by hlm'ln. WIiting._ The results shall' also be Immediately torwarded to the Stock Exchanges whereat the • 'Equity Shares of the Bankar._nsted. . .• ·

In case you have any� or Is ues regarding e·v<>ting, you may refer . the frequently Askitd T;luestlons ("FAQs"J aiKI p-votlng-manual available at www.evotingindla.com under l)elp sectlon or wrt e an email to helpdesk.evoting@odsllndla.com or call Mr. Rakesh OaM, Manager, COSL, A Wing, 25" Floor, Maralhon Futurex, MafaUal MN Compounds, N M Joshi Marg, -L!)W81' Parel (E) . Mumbai· 400013 or call Mr. Bharat Bhushan Associate' 'Ice PreS1dent. Link �ntlme India Pvt. Ltd, Noble Heights, '1• Floor, Plot NH 2, C-1 Block l.'.S91 t,!.ear Savitri M�ricet, emal to dalhi@ lnklntime.co.ln. Janakpurl,NewDalhl-110058 phone·41410592,f1410593orwnt�� • ..,....." ! - .. * ' 11'.'J�- - r. �!'r3:"��-::T'-"'""' - ----· 0 •H - ·-- .·:

rRUE v ,..OP"' RTIFIED Cf.

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By order of the Board of Directors For PUNJAB & SINO BANK

Place: New Deihl Date: 14" October, 2019

(S Harlsankar) MD&CEO