Notice is hereby given that the Register of Shareholders of State Bank of India

## Report on State Bank of India Dividend and Shareholder Record Closure Notice **1. Executive Summary:** This report analyzes a notice issued by the State Bank of India (SBI) concerning the closure of the Register of Shareholders for record-keeping and dividend payment for the financial year 2024-25. The core purpose is to inform shareholders about the period during which share transactions will be suspended for these administrative purposes. The key finding is that shareholders will not be able to transfer shares or have changes reflected in the register during the specified closure period. **2. Introduction:** This report aims to provide a comprehensive overview of the notification issued by the State Bank of India (SBI) regarding the closure of its Register of Shareholders. The analysis is based solely on the provided policy text and focuses on its key provisions, intended audience, and potential impact. **3. Policy Overview:** This is a notice regarding an administrative procedure; it functions as an addendum to the existing operational framework of the State Bank of India. * **Core Objective:** The primary objective, inferred from the provided text, is to formally notify shareholders of the temporary closure of the Register of Shareholders for the purpose of recording shareholders eligible for dividend payments for the financial year 2024-25. **4. Background and Rationale:** This notice addresses the practical requirement for SBI to freeze its shareholder registry temporarily. The reason for this closure stems from the need to accurately determine the shareholders eligible to receive dividend payments for the financial year 2024-25 and to efficiently manage the record-keeping process. This is a standard procedure for publicly listed companies when distributing dividends. **5. Key Provisions / Changes:** This is not an amendment but a notice relating to a temporary operational procedure. * The Register of Shareholders of State Bank of India will be closed. * The closure period is from Saturday, 17.05.2025, to Monday, 19.05.2025 (inclusive). * The purpose of the closure is for taking record of the shareholders and payment of dividend for the financial year 2024-25. * The notice is issued under the authority of the State Bank of India Act, 1955. **6. Target Audience and Stakeholders:** The primary target audience is the shareholders of the State Bank of India. This includes individuals, institutions, and other entities holding SBI shares. Other stakeholders indirectly affected include stockbrokers, custodians, and regulatory bodies involved in the trading and management of SBI shares. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies:** State Bank of India (SBI), specifically its Corporate Centre and potentially its Registrar and Transfer Agent (though not explicitly mentioned). * **Timelines:** The closure period is clearly specified as 17.05.2025 to 19.05.2025. Shareholders must be aware that any share transfers or changes to their registration details initiated during this period will likely not be processed until after the registry reopens. **8. Expected Outcomes / Impact of Changes:** The intended outcome is to facilitate the accurate and efficient payment of dividends to eligible shareholders for the financial year 2024-25. The impact of the closure means that share transactions and updates to the register will be temporarily suspended. Shareholders should plan their transactions accordingly to avoid any inconvenience. **9. Conclusion:** The notice regarding the closure of the State Bank of India's Register of Shareholders is a routine but important communication to shareholders. It informs them of the temporary suspension of share transactions for record-keeping and dividend payment purposes. Adherence to the specified dates is crucial for shareholders intending to trade or update their shareholding information.

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