AU Small Finance Bank Limited has informed the Exchange regarding Board meeting held on Jun 28, 2025.
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AU Small Finance Bank's Board, at its June 28, 2025 meeting, approved the appointment of Mr. Jagajit Mangal Prasad as a Non-Executive Independent Director for a 3-year term starting July 1, 2025, subject to shareholder approval. He is a senior HR professional with over 30 years of experience, including 16 years in banking and insurance (former CHRO of ING Vysya Bank and Group Head HR at Kotak Mahindra Life Insurance). The Board also approved annual renewals of fund-raising limits: up to Rs. 5,000 Crore via equity shares (QIP/private placement/preferential) and up to Rs. 6,000 Crore via debt instruments (bonds/NCDs), both subject to shareholder approval and valid for 12 months. M/s. Mehta & Mehta was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The record date for the final dividend is July 4, 2025, and the 30th AGM is scheduled for August 8, 2025 via video conferencing.
The Rs. 11,000 Crore combined fund-raising capacity (Rs. 5,000 Crore equity + Rs. 6,000 Crore debt) signals growth plans but could lead to dilution if equity is raised. The record date of July 4, 2025 is key for shareholders to be eligible for the final dividend, subject to AGM approval.