PUNJAB & SIND BANK — Proxy Solicitation & Information Statement 2019

Mar 11, 2019

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/2018-19

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To,

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

pear Sir,

Reg: Publication of Corrigendum to Extraordinary General Meeting

This is in continuation to our letter dated 08/03/2019 informing stock exchanges about Corringendum to Extraordinary General meeting of the shareholders of the Bank scheduled to be held on Friday, 15th March 2019 at 10.30 AM at Punjab & Sind Bank, Staff Training College, Institutional Area, Plot No.3, Sector 3, Rohini, Delhi 110085.

We are forwarding a copy of Corringendum of Extraordinary General Meeting published in Business standard (English newspaper and Hindi newspaper) on 09.03.2019.

You are requested to take a note of the same.

Yours faithfully,

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[Ajit ingh Ahuja] any Secretary � r

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• �mtotheNotlc:edmd�18,201tglvtng lnfonMUontotheSMreholdera forCCMWW'l ng the Extraordl wy GeMral IINtlng o be held on ll8rch 15, 2011. W. refer to the Notice dated February 18, 2019 published In Businesa Standard on February 19, 2019 Informi g the shareholders for convening the Extraordinary General Meeting to be held on Friday, March 15, 2019 at 10:30 a.m.at Punjab & Slnd Bank, Staff Training College, lnstltutlonal Area, Plot No.3, Sector 3, Rohn, Delll-11 o 085 (herelnaftarl9ferred to as the "Notice•). Member8 are hereby Informed that the following information is being rectified In Special Resolution No. 2 of the Notice, through this corrigendum: • In the third line of the second paragraph, 'the Securities and Exchanae Board of lndla (Issue of caprtal and Diadoeure Requirements} Regulationfl, 2009 (herein rel.red ID• "8E8I Regulations")' shall be read as, 'the Securities and Exchange eo.r'd c:A India (-,e rA = and Dtsclo8ure Requirements) Regulations, 2018, as amended (herein referred to aa "ICDR Regulatlone")':

• • In the fourteenth line of the second paragraph, 'under Chapw VIII c:A ICOR Regulatlons' shall be read aa, 'ooder Chapter VI of ICDR Regulations';

• • In the first One of the third paragraph, 'pursuant to Chapter V1 II of ICDR Regulations' shall be read 88, 'pursuant to Chapter VI of ICDR Regulations';

• • In the second fine of the third paragraph, 'within the meaning of Chapter VIII of the ICDR Regulations' sNII be read as. 'wl1hi1 the meaning c:tChapterVl of the ICDR ReguNstlona'; and

• • In the fifth ine of the third paragraph, 'J)(nU81'1t to the Regulation 85(1)' shall be reed 88, 'PlJl!U8nt to the Provleo to R ~~egul 17~~ 6( 1 )'.

• • Item No. 1 (Issue of Equity Shares to Employees and Whole Time Dlrackn of the Bank on ESPS Basis (Employee Share Purchase Scheme)) of the Notloe shall be read as 'Item No. 2 (Issue of Eqimy Shares to Employees and Whole Time Dlreclor8 of the Bank on ESPS Bee1a (Employee Share Purchase Scheme))'

• • Item No. 2 (18SU9 of Equity Shares by way of Qualified Institutional Placement) of the Notloe shall be read as 'ttem No. 3 (Issue of Equity Shara8 by way of Qualffled Institutional Placement)'.

• • New agenda as Item No. 1 • Draft Notice ID the Shareholdets for reclwltlcation of the authorised share capital to be inserted and shall read aa below:

• "'ll8m No. 1 • Draft Notice eo the Sharaholden ror � of the ~~a~~ uthorlNd .,,,,,. capllal: 1. Recluslllcatlon ~~f A~~ uthorised Shere Cap/lalofthellanlt To conalder end. If thought fl, to pess with or without modllicstior,(s), the followlng l'980lc.tJon for l'8Cl8sslflcatJofAutholf8ed Share Capita/ of the Bank ~~B S R~~ esolution: "'RESCX.VED THAT pursuant to the provtsiona Banking Ccmpan/e8 (AcquisilJon and Transfer of ~~u cerak/11gs)~~ Act. 1980 (lncludlng 1111y ameodment thereto or re-«raetment thereof) and ottw ~~a~~ pplicable[laws, the exlsmgALihorttJed S] ~~[har][ C][ d]~~ [theBankdRs.. 3,000CIIY9 (Rupees Thre] Thousand Crote only) divided into 75,00,00,000 (Seventy Five Crore onlY) � BhBtes of face value of Rs. 10/· (Rupe a Ten Only) each and 225,00,00,000 (Tiiw>HundrediwantyRve Cnnonly) perpet,.JeJ non-curnulatl'le prelerence sharBs of value of Rs. 10/- (Rr.f1eeB 1M �) each be and is hereby reclasslfled to Rs. 3,000 acre (Rupees Three Thousand Cn:V8 Only) divided lnlo 300.00.00,000{Thre HundredCrore)equityshares ofla.10/-(Rupe eTenOnly)eadl." "RESOLVED FUlfTHER THAT for the purpo88 of giving e11'ect to th/3 �. Mantlg,lg Dhctor and Chief &ecutNe Officer or the Execu/Ne Dlreclors( ) or the Chief Flnancial Officer or the Conl>enY Secreta,ybe and fsherebylMAhoristld WN"8lyto t:alce l 8UC/) steps andactlonsandgi'-18 such directions as they may In their 8bsolute dl8ct9tion deem neceasary and IO settle any queatjon that mey arise ,i thllJ r&gar(I. wtmout f9qUlrsd to seel\ eny further OOMtJnt or opp,CV6I of tM Membera or other""8e to (he end and Intent that the Membels B1181 be deemed to have given thfW llf)IJf(Ntll expl'Ntllybyauthority f880kilon .• • Toe Explanatory Sta18rner1t No. I (Issue of Equity Shares 1D Employees on ESPS Basia (Employee Shani Purchase Scheme)) shal be read aa 'Explanaby Slallament No II'.

• • The Explanatory Statement No II (l88Ue of Equity Sharee by way of Qualltled l118tltutional Placement) lhall be read as 'Explanatory Statement No. Ill'.

• • A ftfNt Explanatory Statement No I (Reclasslflcati of AuthoriNd Share C&pltaf) shall be Inserted which wl read 88 fol owl

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L �olAuthot&«JSbMeCapllal The present authorised capita( of the Bank Is Rs. 3,000 crore (Rupe s Thre Thousand Crore only) dMde into 75, 00,00,000 (Seventy Five Crore only) offaoe value of Rs. 10/­ (Rupees Tun Only) each and 225,00,00,000 (Two Hundred T11'911ty Five Crete) perpetual non - equity.,,__ cumulatlveprefemncesh8ffJSoffacevalueofRs.10l-(Rupe sTenOnly). The resolution set out In Item No. 1 88eks to alter the 81.Jthorlsed share C8p/tBJ of the Bank in order to re-c/8S8lfy the existing Authorlsed Share Capital of Rs. 3,000 c:ront (Rupees Thre Thou8ancl Crore Only) dMde Into 75,00,00,000 (Se11917ty Five Crore only) equity tlhares of face valUe of Rs. 10/- (Rupe s Ten Only) NCI'/ and 225,00,00,000 (7wo Hundred Twenty Five Crore only) perpetual non-cumulative preference shares of face value Of Rs. 10/- (Rupe s Ten Only) each be and is hereby reclassifled to Rs. 3,000 MW (Three Thousand Crore only) dMd8 Into 300,00,00,000 (Thre Hundred Crore only) equity sh8t98 of Rs. 10/- (Rupees Ten Only) NCh. Resolution set out in Item No. 3 � reletJng to Jasuance of the Equity Sharee through qualilfed lnstitrJtion8 placemer,t and, ther8fore, It la neo888alY to 19C/8$8/llcation of the authoriae<J share capital of the Bank. Hence, the Bank Is required to obtain approve/ of Its shareholders to carry out reclasslflcatJon in the capital clause of the Bank. The Dlr9ctors accordingly recommend the resolution at sst out In Item No. 1 for your approval as an Special Resolution. None of the Directors or Key Managerial Peraonflfl of the Bank or their re� r-"1t voa, an, in ony -Y oonoomocl or intol'"OOflod, trnoncltllly or Cltherwtl,e In the resolution set out st Item No. 1 of the Notice except to the extent of their lndMdusl shareholding In . theBank.• Al other particulars and details remain unchanged. The said Notice may please be read along with above corrigendum. For any queries please write a mail to �.co.In. By order� the BOM'd of Dl1'8Ctors For PUNJAB & SfND BANK Sd/- Place: New Delhi Date : 07.03.2019 lla1111glng Director &_ CEO •• •• (8 Harlunkar)