Notice is hereby given that the Register of Shareholders of State Bank of India will remain closed from 05 06 2021

## Report on State Bank of India Shareholder Register Closure and Dividend Payment **1. Executive Summary:** This report analyzes a notice from the State Bank of India (SBI) regarding the closure of its Register of Shareholders. The notice announces that the Register will be closed from June 5, 2021, to June 9, 2021, inclusive, for the purpose of taking record of shareholders and dividend payment. The report details the key aspects of this announcement, its target audience, and potential implications for shareholders. This notice effectively functions as an amendment, clarifying the specific dates for the shareholder register closure in relation to dividend payments. **2. Introduction:** The purpose of this report is to provide an informative overview of the State Bank of India's (SBI) notice concerning the closure of its Register of Shareholders, based solely on the provided text. The report aims to analyze the notice's key provisions, identify the affected parties, and infer the likely implications for shareholders. **3. Policy Overview:** * This notice functions as an announcement related to the existing dividend policy of SBI. * **Core Objective(s):** The core objective of the notice is to inform shareholders about the specific dates during which the Register of Shareholders will be closed for the purpose of recording shareholders and processing dividend payments. **4. Background and Rationale:** This is likely a recurring event. It is part of the standard procedure for publicly traded companies to close their register of shareholders temporarily to determine eligibility for dividend payments and other corporate actions. The notice serves to inform shareholders in advance about these dates. The need for this specific amendment (the notice) likely arises from the periodic requirement to determine shareholder eligibility for dividend payments. It specifies *when* the register will be closed, providing clarity and avoiding potential confusion for shareholders. **5. Key Provisions / Changes:** This report will focus on the changes introduced by the amendment, which is the public notice regarding the closure of the Register of Shareholders. * **What specific part of the original policy is being changed (if discernible from the text):** The policy itself isn't being changed, this notice is part of the execution of the dividend payment policy. The 'change' is the specific dates for closure. * **What the *new* rule/provision *is*, based *only* on the amendment text:** The Register of Shareholders of the State Bank of India will be closed from June 5, 2021 (Saturday) to June 9, 2021 (Wednesday), both days inclusive. * **Explain the *difference* or the *effect* of this specific change:** The closure of the Register of Shareholders means that any transfer of shares during this period may not be immediately reflected in the SBI's records for dividend payment purposes. Individuals purchasing shares during this period may not be immediately eligible to receive the dividend. **6. Target Audience and Stakeholders:** The primary target audience is the **shareholders of the State Bank of India.** This includes individuals and institutions holding SBI shares. Additionally, stakeholders such as brokerage firms, clearing houses, and regulatory bodies (potentially the Reserve Bank of India and the Securities and Exchange Board of India) are also indirectly affected. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies mentioned?:** The State Bank of India, specifically the Corporate Centre, is responsible for implementing this notice. The notice is issued under the authority of the Chairman, Dinesh Kumar Khara. * **Any timelines or procedures specified *in the text*?:** The key timeline is the period of closure: 05.06.2021 to 09.06.2021. The procedure involves the State Bank of India taking a record of the shareholders as of a specific date within this period, which determines eligibility for dividend payments. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this notice is to provide clear communication to shareholders regarding the temporary closure of the Register of Shareholders. The notice allows SBI to accurately determine the shareholders eligible for dividend payments. The likely impact of the amendment (notice) is that shareholders are informed and aware that any share transactions during the specified period may not immediately qualify them for dividend payouts. This helps prevent confusion and ensures a smooth dividend distribution process. **9. Conclusion:** The State Bank of India's notice regarding the closure of its Register of Shareholders is a routine but significant announcement for its shareholders. The notice clarifies the dates of closure (June 5-9, 2021) for the purpose of shareholder record-taking and dividend payment. The impact of this notice is primarily informational, ensuring that shareholders are aware of the temporary restriction on share transfers for dividend eligibility purposes.

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