Meeting Details

  • Type of Meeting: Postal Ballot conducted through remote e-voting
  • Voting Period: Commenced on Wednesday, May 06, 2026 at 09:00 a.m. (IST) and ended on Thursday, June 04, 2026 at 05:00 p.m. (IST)
  • Record Date: April 30, 2026
  • Total Shareholders on Record Date: 846,956

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. Re-appointment of Mr. Harsh Dugar (DIN: 00832748) as a Whole-time Director, designated as an Executive Director of the Bank

2. Payment of Variable Pay - Cash Component to Mr. Shyam Srinivasan (DIN: 02274773), Former Managing Director & CEO of the Bank for the FY 2024-25

3. Payment of Variable Pay - Cash Component to Ms. Shalini Warrier (DIN: 08257526), Former Executive Director of the Bank for the FY 2024-25

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. No physical polling or postal ballot forms were used. The company sent the Postal Ballot Notice dated April 29, 2026 only through electronic mode to eligible members and published advertisements in Financial Express (English) and Deepika (Malayalam) newspapers on May 06, 2026.

Key Voting Outcomes

Resolution 1: Re-appointment of Mr. Harsh Dugar

  • Total Votes Cast: 1,650,753,856 shares (66.9746% of outstanding shares)
  • In Favor: 1,634,937,891 shares (99.0419% of votes cast)
  • Against: 15,815,965 shares (0.9581% of votes cast)
  • Institutional Shareholders Participation: 82.2159% of institutional shares voted
  • Institutional Support: 98.9903% in favor
  • Non-Institutional Shareholders Participation: 16.6822% of non-institutional shares voted
  • Non-Institutional Support: 99.8804% in favor
  • Number of Members Voted: 3,488 members participated

Resolution 2: Variable Pay to Mr. Shyam Srinivasan

  • Total Votes Cast: 1,650,722,097 shares (66.9733% of outstanding shares)
  • In Favor: 1,650,446,557 shares (99.9833% of votes cast)
  • Against: 275,540 shares (0.0167% of votes cast)
  • Institutional Shareholders Participation: 82.2159% of institutional shares voted
  • Institutional Support: 99.9987% in favor
  • Non-Institutional Shareholders Participation: 16.6766% of non-institutional shares voted
  • Non-Institutional Support: 99.7335% in favor
  • Number of Members Voted: 3,355 members participated

Resolution 3: Variable Pay to Ms. Shalini Warrier

  • Total Votes Cast: 1,650,731,479 shares (66.9737% of outstanding shares)
  • In Favor: 1,650,450,952 shares (99.9830% of votes cast)
  • Against: 280,527 shares (0.0170% of votes cast)
  • Institutional Shareholders Participation: 82.2159% of institutional shares voted
  • Institutional Support: 99.9987% in favor
  • Non-Institutional Shareholders Participation: 16.6783% of non-institutional shares voted
  • Non-Institutional Support: 99.7283% in favor
  • Number of Members Voted: 3,353 members participated

Scrutinizer's Role and Findings

CS Puzhankara Sivakumar (Membership No. FCS 3050) of SEP & Associates was appointed as Scrutinizer on April 29, 2026 by the Board of Directors. The scrutinizer's responsibilities included:

  • Scrutinizing the postal ballot voting process in a fair and transparent manner
  • Reviewing votes cast based on data downloaded from NSDL e-voting system
  • Preparing and submitting the Scrutinizer's Report of votes cast for or against resolutions

The votes were unblocked in the presence of two independent witnesses:

  • Witness 1: K Gokul Krishnan, Apprenticeship Trainee
  • Witness 2: Aishwarya R. Kartha, Apprenticeship Trainee

The scrutinizer confirmed that all three resolutions were duly passed with the requisite majority as required under the Companies Act, 2013 and SEBI regulations.

Compliance with Laws and Regulations

The voting process complied with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars No. 14/2020, 17/2020, and 3/2025
  • Secretarial Standard -2 issued by ICSI

Additional Information

  • NSE Symbol: FEDERALBNK
  • Company CIN: L65191KL1931PLC000368
  • The company availed NSDL's services for providing remote e-voting facility
  • No invalid votes were reported for any of the three resolutions