Yes Bank Limited — Others, 16-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

YES Bank has announced a board meeting to discuss an additional tax demand of ₹244.20 crores following a rectification order from the Jurisdictional Assessing Officer. The bank is currently appealing against previous assessment and reassessment orders related to the assessment year 2016-17. The bank plans to file a rectification application as it believes the demand is unsubstantiated. While this situation may introduce some uncertainty, the bank asserts that it has strong grounds for a favorable outcome, suggesting a positive outlook for its financial health.