USUjjivan Small Finance Bank542904Preferential allotment

EGM notice: preferential issue of up to ~6.32 crore shares at Rs. 64.73 each to four investors

The bank has started sending shareholders the notice for an Extraordinary General Meeting on November 13, 2026, to be held through video conferencing.

By ScoutQuest · Mon 19 Oct 2026, 3:50 PM IST · 2 min read

Preferential Issue Size

up to ~6.32 crore equity shares

Issue Price

Rs. 64.73 per share

Total Subscription Amount

up to ~Rs. 409.04 crore

What this notice is about

The bank has begun sending its shareholders the notice for an Extraordinary General Meeting (EGM) to be held on Friday, November 13, 2026 at 03:30 p.m. through video conferencing and other audio-visual means. The notice carries one item of special business: a special resolution on a preferential issue of equity shares.

The resolution: a preferential issue

• Approval is sought to create, offer and issue up to ~6.32 crore equity shares on a preferential basis by way of a private placement.
• The price is Rs. 64.73 per equity share, with the shares credited in dematerialised form to the allottees' demat accounts.
• The total subscription amount works out to up to ~Rs. 409.04 crore.
• The resolution is proposed as a special resolution, which needs three-fourths of the votes cast in favour.

Who is subscribing

• International Finance Corporation: up to 3,84,73,561 shares, a maximum subscription amount of Rs. 2,49,03,93,603.53.
• Bajaj Life Insurance Limited: up to 92,69,272 shares, a maximum subscription amount of Rs. 59,99,99,976.56.
• Aditya Birla Sun Life Insurance Company Limited: up to 77,24,393 shares.
• HDFC Life Insurance Company Limited: up to 77,24,393 shares.
• Together these four add up to ~6.32 crore shares and ~Rs. 409.04 crore.

Terms stated in the resolution

• The subscription shares, once allotted, will be free of all liens or other encumbrances and will rank pari passu with the existing fully paid-up equity shares, including as to dividend and voting rights.
• Money received from the allottees will be kept in a separate bank account of the bank, and the bank will not use the proceeds until e-Form PAS-3 is shared with the Registrar of Companies.
• For the minimum price under the SEBI (ICDR) Regulations, the relevant date is October 14, 2026.
• The board is authorised to delegate the steps needed to complete the allotment.

How shareholders can vote

• The cut-off date for deciding who can vote is Friday, November 6, 2026.
• Remote e-voting begins at 09:00 AM on Tuesday, November 10, 2026 and ends at 05:00 P.M. on Thursday, November 12, 2026.
• KFin Technologies Limited is the registrar and provides the e-voting facility; the resolution is to be decided by e-voting and not by a show of hands.
• The result is to be declared within 2 working days of the conclusion of the EGM, that is November 13, 2026.

What a retail shareholder may watch for

• The EGM is being held to get shareholder approval for the preferential allotment; the shares go to the four named institutions only, not to the public.
• Issuing new equity shares increases the total number of shares in issue, so an existing holding represents a smaller proportion of the bank's enlarged share capital.
• The entry of large institutional investors into the share capital is a development investors usually track, and the final picture will be clear once the allotment is completed.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev