Fedbank Financial Services Limited disclosed the results of a postal ballot conducted to seek shareholder approval for material related party transactions with Federal Bank Limited, its holding company, for the Financial Year 2026-27.

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI Listing Regulations. The company engaged NSDL to facilitate remote e-voting through their website www.evoting.nsdl.com.

Key Dates and Process Details:

  • Postal Ballot Notice dated: April 28, 2026
  • Dispatch/emailing of Notice completed on: May 8, 2026
  • Cut-off date for determining shareholders eligible to vote: May 5, 2026
  • Public announcement in newspapers (Business Standard and Pratahkal): May 9, 2026
  • Remote e-voting period: May 11, 2026 (9:00 AM IST) to June 9, 2026 (5:00 PM IST)
  • Resolution deemed passed on: June 9, 2026
  • Scrutinizer's report date: June 10, 2026

Voting Results:

The ordinary resolution for "Approval for entering into Material Related Party Transaction(s) with Federal Bank Limited, the holding Company, for the Financial Year 2026-27" was approved with requisite majority.

Overall Voting Statistics:

  • Total paid-up capital as of May 5, 2026: 37,42,51,601 shares
  • Total votes polled: 7,07,58,778 votes (18.9067% of outstanding shares)
  • Votes in favor: 7,07,40,666 votes (99.9744% of votes polled)
  • Votes against: 18,112 votes (0.0256% of votes polled)

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 2,27,47,1046
  • Votes polled: 0 (0.0000% of outstanding shares)
  • No votes cast in favor or against

Public Institutions:

  • Shares held: 72,176,364
  • Votes polled: 69,340,156 (96.0704% of outstanding shares)
  • Votes in favor: 69,340,156 (100.0000% of votes polled)
  • Votes against: 0 (0.0000% of votes polled)

Public Non-Institutions:

  • Shares held: 74,604,191
  • Votes polled: 1,418,622 (1.9015% of outstanding shares)
  • Votes in favor: 1,400,510 (98.7233% of votes polled)
  • Votes against: 18,112 (1.2767% of votes polled)

Member-wise Breakdown:

  • Number of members who voted in favor: 557
  • Number of members who voted against: 32
  • Percentage of valid votes cast in favor: 99.97%
  • Percentage of valid votes cast against: 0.03%

Scrutinizer Details:

Mr. Dinesh Kumar Deora (CoP No. 4119), Practicing Company Secretaries, partner of DM & Associates Company Secretaries LLP, was appointed as the Scrutinizer for the postal ballot process. The e-voting summary statement was downloaded from NSDL's website on June 9, 2026, at 07:14 PM in the presence of two witnesses not employed by the company.

The disclosure is made pursuant to Regulation 30 and Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes the Postal Ballot remote-voting Results (Annexure I) and Report of Scrutinizer dated June 10, 2026 (Annexure II).