Equitas Small Finance Bank Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2025
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Equitas Small Finance Bank has notified the exchange about its 9th AGM scheduled for Wednesday, September 10, 2025 at 11:00 AM IST, to be held via video conferencing. The cut-off date for e-voting eligibility is September 3, 2025, with remote e-voting open from September 7–9, 2025. Shareholders will vote on seven items, including adoption of FY25 audited financials, re-appointment of Mr. Vasudevan P N as a director, fixing MD & CEO remuneration at Rs. 2.64 crore fixed + Rs. 3.56 crore variable pay (2/3rd via ESOPs), auditor remuneration of up to Rs. 1.14 crore for joint statutory auditors, and appointment of a new secretarial auditor for 5 years at Rs. 5.35 lakh per year. A key proposal is a special resolution to raise up to Rs. 1,000 crore via redeemable unsecured non-convertible debentures (NCDs) on a private placement basis to augment Tier-II capital. The Bank also proposes re-appointing Mr. Ramesh Rangan as Independent Director for a second term of three years (Nov 2025–Nov 2028).
This is primarily a procedural AGM notice, but the Rs. 1,000 crore NCD proposal is meaningful — if approved, it will strengthen the Bank's Tier-II capital base without equity dilution. Higher MD & CEO pay and director re-appointments are standard governance items requiring shareholder approval.