Meeting Details
- Date: Tuesday, September 29, 2026
- Time: Commenced at 12:00 Noon IST, concluded at 12:55 PM IST
- Location: Conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) without physical presence of shareholders
- Type: Annual General Meeting (AGM)
Resolutions and Implications
The following 11 resolutions were proposed and considered:
Ordinary Business:
1. Adoption of Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Re-appointment of Mr. Harsh Dugar (DIN: 00832748) as Director retiring by rotation (Ordinary Resolution)
3. Appointment of M/s. V Sankar Aiyar & Co., Chartered Accountants (ICAI Firm Registration Number: 109208W) as Joint Statutory Auditors (Ordinary Resolution)
Special Business:
4. Approval for Selling, Assignment, Securitisation of Receivables/Book debts up to outstanding Principal Value of ₹12,000 Crores (Special Resolution)
5. Increase in Borrowing limit from ₹18,000 Crores to ₹23,000 Crores (Special Resolution)
6. Increase in limit for creation of charge on company assets to secure borrowings (Special Resolution)
7. Fresh issuance of Non-Convertible Debentures on private placement basis not exceeding ₹2,500 Crores in one or more tranches (Special Resolution)
8. Amendment(s) to Fedbank Financial Services Limited Employees Stock Option Scheme - 2024 (ESOP 2024) pursuant to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (Special Resolution)
9. Approval for entering into Material Related Party Transaction(s) with The Federal Bank Limited (holding company) (Ordinary Resolution)
10. Payment of Profit-linked Commission to Independent Directors and Non-executive Chairman (Special Resolution)
11. Alteration of existing Articles of Association of the Company (Special Resolution)
Voting Process
- Methods: Remote e-voting facility was provided
- Timing: E-voting remained open for 15 minutes after conclusion of the AGM to enable shareholders who hadn't voted earlier to cast votes
- Scrutinizer: A scrutinizer was present during the AGM through VC, though specific details of the scrutinizer's findings are not provided in this document
Attendance and Participation
- Total Shareholders Present: 35 members attended through VC/OAVM
- Directors and KMPs Present:
- Mr. Shyam Srinivasan, Non-Executive Chairman (chaired meeting)
- Mr. K.V.S. Manian, Nominee Director
- Mr. Harsh Dugar, Nominee Director
- Mr. Sunil Gulati, Independent Director
- Mr. Ramesh Sundararajan, Independent Director
- Ms. Sonal Dave, Independent Director
- Mr. Muralidharan Rajamani, Independent Director
- Mr. Parvez Mulla, Managing Director & CEO
- Mr. C.V. Ganesh, Chief Financial Officer
- Mr. Parthasarathy Iyengar, Company Secretary
- Other Attendees: Representatives of Statutory Auditors, Secretarial Auditors, and Scrutinizer
Quorum and Procedures
- Quorum was confirmed as required under Section 103 of the Companies Act, 2013
- Meeting conducted in compliance with MCA General Circular No. 03/2025 dated September 22, 2025
- Notice of AGM dated August 25, 2026, along with Board's Report and Audited Financial Statements, had been circulated to members
- Auditors' Report contained no qualification, observation, or adverse remark
- Shareholder queries were addressed by Mr. Parvez Mulla, Managing Director & CEO
Compliance Statement
Meeting conducted in compliance with applicable provisions of:
- Companies Act, 2013 and rules framed thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA General Circular No. 03/2025 dated September 22, 2025
Additional Information
- This document constitutes a summary of proceedings, not the formal minutes of the AGM
- The Chairman delivered a speech on the company's performance
- The meeting included a vote of thanks and expression of gratitude to members for their participation and support