YES Bank: significant encumbrance release signals shift in shareholder arrangements

Catalyst Trusteeship Limited, acting as the onshore security agent for CA Basque Investments, has disclosed the release of encumbrance over 1,323,958,760 equity shares of YES Bank Limited on September 19, 2025. This action is considered a disposal under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this release, Catalyst Trusteeship Limited held an encumbrance (pledge) over 1,323,958,760 shares, representing 4.22% of YES Bank's total share/voting capital. The disclosure reduces the number of shares over which the onshore security agent has an encumbrance.

Previously, CA Basque Investments had pledged 2,143,958,760 equity shares, constituting 6.84% of YES Bank's issued and paid-up capital, in favor of Catalyst Trusteeship Limited under a facility agreement dated February 2, 2023. The total equity share capital of YES Bank is stated as 31,36,56,23,464 fully paid up equity shares of INR 2/- each.