Au Small Fin Bank News

The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.

The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.

Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.

The Nifty Bank rose nearly 100 points to close at 52,517 while the Nifty50 hit fresh record highs above 24,400 levels. HDFC Bank, SBI, PNB and ICICI Bank closed with gains while selling was seen in AU Small Finance Bank, Kotak Bank, IDFC First Bank and Bandhan Bank.

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wasatch Advisors LP

Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and Federal Bank closed in the green while some selling was seen in PNB, IDFC First Bank, Bank of Baroda and AU Small Finance Bank.

AU Small Finance Bank's shares declined by 4.25% to Rs 644 on the BSE following a slight 0.4% QoQ decrease in total deposits, totaling Rs 97,290 crore for Q1 ended June 2024. Conversely, CASA deposits rose by 1.8% QoQ, reaching Rs 32,034 crore in Q1 FY25 from Rs 31,456 crore in the previous quarter.

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Code of Fair Disclosure and Conduct and in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Bank would like to place the attached information on record pertaining to its performance in the quarter ended on June 30, 2024.

Pursuant to applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we submit herewith the copies of newspaper advertisement published by the Bank in all India edition of Financial Express in English and in Jaipur Edition of Nafa Nuksan in Hindi on July 05, 2024 regarding notice of the 29th Annual General Meeting (AGM) to be held on Friday, July 26, 2024 at 2:00 P.M. through Video Conferencing ('VC')/ Other Audio Visual Means ('OAVM') and e-voting information, in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014, as amended and Regulation 44 of the Listing Regulations. This will also be hosted on the website of the Bank at www.aubank.in.

In continuation to our letter dated June 27, 2024 and pursuant to the Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that the Twenty Ninth (29th) Annual General Meeting ('AGM') of the Members of the Bank will be held on Friday, July 26, 2024 at 2:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means in compliance with the applicable regulatory provisions. We submit herewith a copy of the Integrated Annual Report for FY 2023-24 including Notice convening the 29th AGM of the Bank. The Integrated Annual Report and Business Responsibility and Sustainability Report for FY 2023-24 is also available on the website of the Bank at ttps://www.aubank.in/reports-and-presentation. Integrated Annual Report for FY 2023-24 is being sent to the Members, who have registered their e-mail addresses with Depositories/RTA, through electronic mode on July 04, 2024. This is for your information and record.

In continuation to our letter dated June 27, 2024 and pursuant to the Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that the Twenty Ninth (29th) Annual General Meeting ('AGM') of the Members of the Bank will be held on Friday, July 26, 2024 at 2:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means in compliance with the applicable regulatory provisions. We submit herewith a copy of the Integrated Annual Report for FY 2023-24 including Notice convening the 29th AGM of the Bank. The Integrated Annual Report and Business Responsibility and Sustainability Report for FY 2023-24 is also available on the website of the Bank at https://www.aubank.in/reports-and-presentation. Integrated Annual Report for FY 2023-24 is being sent to the Members, who have registered their e-mail addresses with Depositories/RTA, through electronic mode on July 04, 2024.

In continuation to our letter dated June 27, 2024 and pursuant to the Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform that the Twenty Ninth (29th) Annual General Meeting ('AGM') of the Members of the Bank will be held on Friday, July 26, 2024 at 2:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means in compliance with the applicable regulatory provisions. We submit herewith a copy of the Integrated Annual Report for FY 2023-24 including Notice convening the 29th AGM of the Bank. The Integrated Annual Report and Business Responsibility and Sustainability Report for FY 2023-24 is also available on the website of the Bank at https://www.aubank.in/reports-and-presentation. Integrated Annual Report for FY 2023-24 is being sent to the Members, who have registered their e-mail addresses with Depositories/RTA, through electronic mode on July 04, 2024.

On the technical charts, the RSI of the stock stood at 50.87.

A total of 13,452 shares changed hands on the counter till 11:16AM (IST)

Pursuant to the Regulation 30 & 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we submit herewith copies of newspaper advertisement published by the Bank in all editions of Financial Express in English and in Jaipur Edition of Nafa Nuksan in Hindi on July 01, 2024, in compliance with the Ministry of Corporate Affairs Circular No. 20/2020 dated May 05, 2020 read with Circular No. 09/2023 dated September 25, 2023, intimating inter-alia that the 29th Annual General Meeting of the Bank will be held on Friday, July 26, 2024 at 02:00 P.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Pursuant to the PIT Regulations and the Bank's Code of Conduct - Prohibition of Insider Trading, we hereby inform that the trading window for dealing in securities of the Bank will be closed for the Designated Persons and their immediate relatives from Monday, July 1, 2024 till 48 hours after the declaration of financial results of the Bank for the Quarter ending on June 30, 2024. The date of the Board Meeting of the Bank for the aforesaid purpose will be intimated to the Stock Exchanges in due course.

A total of 14,154 shares changed hands on the counter till 11:06AM (IST)

Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.

The borrowing can be done in one or more tranches, by issuing debt instruments such as bonds and non-convertible debentures, the bank said.

In continuation to the prior intimation of Board meeting submitted vide our letter dated June 24, 2024, it is hereby informed that the Board of Directors of AU Small Finance Bank Limited at its Meeting held on Thursday, June 27, 2024 has inter-alia, considered and approved the Record Date as Friday, July 12, 2024, for determining the members who will be eligible for final dividend, if approved by the shareholders at the AGM.

In continuation to the prior intimation of Board meeting submitted vide our letter dated June 24, 2024, it is hereby informed that the Board of Directors of AU Small Finance Bank Limited at its Meeting held on Thursday, June 27, 2024 has inter-alia, considered and approved the matters mentioned in the attachment.

We hereby inform that the Bank has allotted 2,21,345 equity shares of face value of Rs. 10/- each on June 26, 2024 pursuant to exercise of equivalent number of Employee Stock Options under the ESOP as per the applicable regulations.

​ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.

India's third largest cement manufacturer Shree Cement announced achieving installed power capacity of 1,000 MW with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit.

AU Small Finance Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/06/2024 ,inter alia, to consider and approve 1. Raising of funds by issue of equity shares through private placement or qualified institutions placement (QIP) or preferential allotment or through a combination thereof or any other alternative mode, as may be considered appropriate, subject to shareholders approval and government/regulatory/ statutory approvals, and requirements, as applicable; and2. Borrowing/raising of funds by issue of debt instruments including but not limited to Bonds and Non-Convertible Debentures or such other debt securities as may be permitted by RBI from time to time, subject to necessary approvals and requirements, as applicable.We request you to the take the above intimation on records and bring the above to the notice of all concerned.

The increase in credit costs has been an issue which has been bothering banks, some more, some less. Even the chairman of India’s largest bank had to come out and give a statement regarding it. However the question arises when these headwinds which are periodic in nature and part of the business cycle hits any sector what should be done. Should one move out of the sector? Should one continue to stay invested or should one buy more of the stock of that sector. The answer is dependent on one simple factor which is how large is the opportunity which that sector has. If the answer is that the opportunity is very large, then probably, it is the second and third option which one may look at. Probably in case of small finance banks, which are today reeling under the pressure due to guidance by one bank fit the bill. These banks are no stranger to dealing with challenges since the time they were born. Challenges thrown by regulatory tightening and economic cycles.

A total of 20,734 shares changed hands on the counter till 11:26AM (IST)

WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.

In continuation to our letter no. AUSFB/SEC/2024-25/120 dated June 13, 2024, we wish to inform that the Bank did not participate in the Group Meeting by BofA 2024 APAC Financial Real Estate Equity & Credit Conference scheduled on Wednesday, June 19, 2024.In compliance of Regulation 46 of the Listing Regulations, the information is being hosted on the Bank''s website at www.aubank.in.

On the technical charts, the 200-day moving average of the stock stood at Rs 674.37.

Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.

We submit herewith the details of Analysts/Institutional Investor meet where the Bank would be participating on Wednesday, June 19, 2024.

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In continuation to our letter no. AUSFB/SEC/2024-25/102 dated May 29, 2024, we submit herewith the details of Analysts/Institutional Investor meet held on Wednesday, June 12, 2024.

On the technical charts, the RSI of the stock stood at 62.46.

A total of 91,942 shares changed hands on the counter till 12:12PM (IST)

On Friday, the Indian market continued its upward trend, marking the third consecutive day of gains. The S&P BSE Sensex surged by over 1,600 points, while the Nifty50 closed just below the 23,300 level.

A total of 23,499 shares changed hands on the counter till 11:56AM (IST)

The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.

In continuation to our letter dated April 30, 2024 regarding notice of Postal Ballot, we would like to inform that the shareholders of the Bank have approved the appointment of Mr. Divya Sehgal (DIN: 01775308) as Non-Executive and Non-Independent Director of the Bank w.e.f. April 01, 2024. Pursuant to Regulation 44(3) of the Listing Regulations and Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014, the voting results in the format prescribed and Scrutinizer''s Report for Postal Ballot via remote e-voting, are enclosed in the disclosure.