We hereby inform that the Bank has allotted 1,80,502 equity shares of face value of Rs. 10/- each on 25th May, 2022 pursuant to exercise of equivalent number of Employee Stock Options under the ESOP Schemes mentioned in the attached letter as per the applicable regulations.
Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('as amended') read with SEBI Circular bearing Ref. No. CIR/CFD/CMD1/27/2019 dated 08th February, 2019, we are submitting herewith the Annual Secretarial Compliance Report issued by M/s. V. M. & Associates, Practicing Company Secretaries, for the financial year ended on 31st March, 2022.
We refer to our letter dated 04th May, 2022 regarding schedule of Non-deal Roadshow / Analyst / Institutional Investor Meet and Investor Presentation thereof of AU Small Finance Bank Limited ("Bank"). In this connection, please find enclosed herewith updated Investor Presentation.
Disclosure of schedule of Non-deal Roadshow / Analyst / Institutional Investor Meet of AU Small Finance Bank Limited ("Bank") pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the investor presentation for the non-deal road show is attached.
Pursuant to the Regulation 47 and any other applicable provisions of Listing Regulations, the Postal Ballot Notice of the Bank has been published in all editions of "Financial Express" in English and in Jaipur Edition of "Nata Nuksaan" in Hindi on 30th April 2022. The Copy of newspaper advertisement is enclosed.
In terms of the Regulation 30 of the Listing Regulations, please find enclosed the Notice of Postal Ballot of the Bank dated 26th April, 2022, together with the Explanatory Statement which is being sent to the Members of the Bank through e-mail seeking approval for the special business stated in attached Notice. Members of the Bank holding shares, as on the cut-off date, i.e. Thursday, 28th April, 2022, shall cast their vote through the remote e-voting system. The remote e-voting period commences on Saturday, 30th April, 2022 (9.00 a.m. IST) and ends on Sunday, 29th May, 2022 (5.00 p.m. IST). The results of voting by means of Postal Ballot through remote e-voting shall be declared on or before Tuesday, 31st May, 2022 and the same will be communicated to the Stock Exchanges and will be uploaded on the website of the Bank at www.aubank.in.
Pursuant to the Regulation 47 of Listing Regulations, we submit herewith copies of newspaper advertisement published by the Bank in all editions of "Financial Express" in English and in Jaipur Edition of "Nata Nuksaan" in Hindi on 27th April, 2022, in compliance with the Ministry of Corporate Affairs Circular No. 20/2020 dated 05th May, 2020, in respect of the ongoing Postal Ballot process.
Pursuant to Regulation 47 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audited Financial Results of the Bank for the Quarter 4 and Financial Year ended on 31st March, 2022 published in all the editions of "Business Standard" in English Newspaper and in Jaipur edition of "Nafa Nuksan" Newspaper in Hindi on 27th April, 2022.
Nippon Life India Asset Management: Nippon Asset Management (NAM) printed sequentially flat core revenues at INR3.38bn, in line with our estimates. However, revenue yields continued to trend lower, consistent with industry trends. Market share in the high-margin equity segment moderated further (-9bps QoQ) and continues to remain a structural medium-term concern. We expect NAM to focus on improving its performance in order to recoup its lost market share. Driven by cost optimisation, we expect NAM to deliver FY22-24E revenue/NOPLAT CAGRs of 11%/15%. We maintain our ADD rating with an unchanged target price of INR425 (33x Sep-23E EV/NOPLAT + Sep-22E cash and investments). The stock is currently trading at FY23E/24E EV/NOPLAT of 27.1/22x and P/E of 25.3/21.6x. Bajaj Finance: Bajaj Finance's (BAF) Q4FY22 earnings were in line with our estimates, led by improving asset quality (credit costs at 160bps), partially offset by elevated opex (~5% of AUM). Core AUM growth (ex-IPO financing) remained strong at 26% YoY despite marginal softness in new customer additions (-2% YoY) and new loans disbursed (+15% YoY). With Phase-I of the digital transformation underway and Phase-II in the works (expected in FY23), BAF articulated a further build-out of its omnichannel strategy (web-based platform, in addition to its apps). While these are necessary pivots, we reiterate that incremental portfolio growth from new-to-franchise (NTF) customers is likely to call for higher capital investments without the assurance of either a stronger customer franchise or greater customer stickiness. We make marginal upward tweaks to our FY23/FY24 earnings estimates (1% each) to factor in lower credit costs...