Nature of the Event

YES BANK LIMITED has intimated the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure pertains to the receipt of an Order-in-Appeal (O-I-A) from the Goods and Services Tax (GST) department of Uttar Pradesh.

Key Quantitative Figures and Orders

  • The Order-in-Appeal was received on June 20, 2026.
  • It was passed by the Additional Commissioner (Appeals) under Section 107(11) of the Central Goods and Services Tax Act, 2017 (CGST Act).
  • The order confirms a penalty of ₹3,02,31,095 (Rupees Three Crores Two Lacs Thirty-One Thousand and Ninety-Five only).
  • This penalty is in addition to a confirmed tax demand and applicable interest, as per Section 73 of the CGST Act.
  • This penalty amount represents a reduction from the previous penalty of ₹3,30,55,942 levied in an Order-in-Original (O-I-O) passed by the Joint Commissioner, which the Bank received on December 25, 2025.
  • The reduction is due to a partial demand being dropped in the Bank's favor by the appellate authority.

Financial and Operational Impact Disclosure

As per the mandatory annexure (Annexure A), the quantifiable monetary impact of the order is the penalty amount of ₹3,02,31,095. However, the Bank has provided a statement on the expected overall impact: "The Bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter and at this juncture it does not expect any material impact on financial, operation or other activities due to the said Order."

Stated Rationale and Next Steps

The Bank has stated its intention to contest the Order-in-Appeal. The disclosure explicitly notes that the Bank "will take appropriate steps, including contesting the Order through appeal within the prescribed timelines" and "will take necessary legal remedy against the said order."

Regulatory and Compliance Context

This intimation is an update to a previous disclosure made on December 25, 2025, regarding the Order-in-Original. It is made in compliance with SEBI Listing Regulations (Regulation 30), Schedule III, and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information is being hosted on the Bank's website (www.yesbank.in) pursuant to the Listing Regulations.