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

## Report on State Bank of India Shareholder Record Closure and Dividend Payment Notice **1. Executive Summary:** This report analyzes a notice from the State Bank of India (SBI) regarding the closure of its Register of Shareholders and the payment of dividends for the Financial Year 2021-22. The core purpose of this notice is to inform shareholders of the specific dates during which the register will be closed for record-keeping and dividend payment purposes. Key findings indicate the closure period is from May 27, 2022, to May 31, 2022, inclusive. **2. Introduction:** This report aims to provide a comprehensive overview of a notice issued by the State Bank of India (SBI), based solely on the provided text, concerning the closure of the Register of Shareholders and payment of dividends for the Financial Year 2021-22. This report is intended for stakeholders, particularly SBI shareholders, to understand the implications of this notice. **3. Policy Overview:** * This is a *new announcement* regarding a specific event pertaining to the State Bank of India. * **Core Objective(s):** The primary objective is to inform shareholders of the temporary closure of the Register of Shareholders for the purpose of recording shareholders and processing dividend payments for the Financial Year 2021-22. **4. Background and Rationale:** * **Likely Problem/Issue Addressed:** This notice addresses the logistical need for SBI to accurately record its shareholders and prepare for the distribution of dividends. Closing the register allows the bank to freeze the list of eligible shareholders for this purpose. This is a standard practice for corporations issuing dividends. **5. Key Provisions / Changes:** * Since this is a notice of an event, the key provision is the announcement of the closure of the Register of Shareholders. The register will be closed from **Friday, May 27, 2022, to Tuesday, May 31, 2022, inclusive.** This closure is explicitly stated to be "for the purpose of taking record of the shareholders and payment of dividend for Financial Year 2021 22." **6. Target Audience and Stakeholders:** The primary target audience is **shareholders of the State Bank of India**. Secondary stakeholders include individuals or entities involved in the administration and distribution of dividends for SBI. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The State Bank of India, specifically its Corporate Centre and Chairman (DINESH KUMAR KHARA) are responsible for this announcement. The "Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi" and "Controller of Publications, Delhi" are responsible for the publishing of this notice in the Gazette of India. * **Timelines:** The key timeline is the closure period from May 27, 2022, to May 31, 2022. The dividend payment is implied to occur shortly after this period. **8. Expected Outcomes / Impact of Changes:** * The expected outcome is that SBI can accurately record its shareholders and efficiently process dividend payments. For shareholders, the impact is a temporary inability to transfer shares during the closure period. This ensures only eligible shareholders receive the dividend for the Financial Year 2021-22. **9. Conclusion:** The State Bank of India's notice regarding the closure of its Register of Shareholders is a routine but important communication. It directly impacts SBI shareholders by temporarily restricting share transfers. This action facilitates the accurate record-keeping necessary for the distribution of dividends, ensuring a smooth and transparent process for the Financial Year 2021-22.

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