Fino Payments Bank 10th AGM Resolution Passed 99%

Meeting Details

The 10th Annual General Meeting of Fino Payments Bank Limited was held on Tuesday, September 29, 2026, at 12:00 noon (IST). The meeting was conducted entirely through Video Conferencing/Other Audio Visual Means (VC/OAVM) without a physical venue, in compliance with relevant MCA and SEBI circulars.

Proposed Resolutions and Implications

A single resolution was proposed for shareholder approval:

Resolution No. 1 (Ordinary Resolution): To receive, consider and adopt the audited financial statements of the Bank for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon. The promoters/promoter group were not interested in this resolution.

Voting Process and Methods

The voting process comprised two methods:

1. Remote e-voting: Provided by NSDL, commenced on Friday, September 25, 2026, at 09:00 a.m. (IST) and concluded on Monday, September 28, 2026, at 5:00 p.m. (IST).

2. E-voting at the AGM: Provided for members attending the VC/OAVM meeting who had not participated in the remote e-voting. The e-voting system at the AGM was also provided by NSDL.

The cut-off date for determining shareholder eligibility to vote was Tuesday, September 22, 2026.

Key Voting Outcomes

Overall Participation

Total number of shareholders as on the record date: 66,863
Total number of shares outstanding: 83,218,402
Total votes cast (polled): 21,953,844
Overall voter participation: 26.38% of outstanding shares

Shareholder Attendance at AGM

Promoters and Promoter Group: 1 member attended via VC.
Public: 42 members attended via VC.
No shareholders were present in person or by proxy.

Resolution-Wise Voting Results

Resolution No. 1 - Adoption of Financial Statements

Result: Passed as an Ordinary Resolution.
Total Votes in Favor: 21,738,589 (99.02% of votes cast)
Total Votes Against: 215,255 (0.98% of votes cast)
Invalid Votes: 0

Category-Wise Voting Breakdown

| Promoter & Promoter Group | 62,411,997 | 21,636,783 | 34.67% | 21,636,783 | 100.00% | 0 | 0.00% |

| Public Institutions | 73,340 | 11,304 | 15.41% | 11,304 | 100.00% | 0 | 0.00% |

| Public Non-Institutions | 20,733,065 | 305,757 | 1.47% | 90,502 | 29.60% | 215,255 | 70.40% |

| TOTAL | 83,218,402 | 21,953,844 | 26.38% | 21,738,589 | 99.02% | 215,255 | 0.98% |

Mode-Wise Voting Breakdown (From Scrutinizer's Report)

For Resolution No. 1:

Votes in Favor (99.0195%): 136 members cast 21,738,589 votes (21,710,541 via remote e-voting + 28,048 via e-voting at AGM).
Votes Against (0.9805%): 8 members cast 215,255 votes (all via remote e-voting).

Scrutinizer's Role and Findings

Mr. Tribhuwneshwar B. Kaushik, Partner of Kaushik Joshi & Co., Practicing Company Secretaries, was appointed as the Scrutinizer to scrutinize the entire e-voting process. His responsibilities included ensuring a fair and transparent process and compiling the results. The votes were unblocked from the NSDL system on September 29, 2026, at around 01:45 p.m. in the presence of two independent witnesses. The Scrutinizer confirmed that the resolution was passed with the requisite majority and that all relevant voting records will be kept in his safe custody until the meeting minutes are signed, after which they will be handed over to the Company Secretary.

Compliance Statement

The document confirms that the meeting and voting processes were conducted in compliance with:

Section 108 of the Companies Act, 2013
Rule 20 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Relevant MCA and SEBI circulars governing meetings held through VC/OAVM.

The Notice of the AGM and the Annual Report were dispatched electronically on September 7, 2026. A public notice was also published in newspapers ('The Free Press Journal', 'Financial Express', and 'Navshakti') on September 8, 2026.